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 [WTA] How to become an Insurance Agent?, Advice needed...

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TSllJasell
post Sep 22 2010, 01:19 AM

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Wow!!! I didn't notice that my post is still active.

QUOTE(coolpajames @ Aug 2 2010, 05:15 PM)
wow this is great, llJasell.

In my own opinion (and I am in Insurance) it's the team factor that made me choose the agency I joined. The product, honestly, it's about the same with each different company.
To summarize = protection and savings (LI) Protection (GI)

In LI, if you want higher savings it's lesser protection and vice versa. in GI it's just protecting the item for the just in case it gets damaged and how fast and how less hassle it is to get back the monies lost.

to answer your questions: -
1) What is the procedure to become an Insurance Agent?
~ u know already. Take the exam yourself or via ur choice agency.
2) How many companies an Insurance Agent sign with?
~ LI = ONE! GI = i think it was 3
3) What is the commission rate?
~ GI average 3-5%, (1 time only) LI got 2 difference, Ordinary Life insurance 35%, Investment link insurance 25% (6 years reducing commission which totals up 105%)
4) What is General Insurance and Life Insurance? Can I sit for both or either one only?
~ u know the answer already. I m choose to focus only on Life Insurance. Lesser headache and distractions.
5) Which insurance company is best for it's policies and claiming?
~ hahaha all insurance companies are following Bank Negara Ruling, hence average 2-4 weeks claims out d in LI. in GI hahah wait la...cos need an adjuster or surveyor to ascertain the loss and submit an investigation report b4 the claims department look through it and pay, experience about 1-6 month or even more depending on the case.

I'm attached with GMA, Manulife Life Insurance in KL. IF you would like to know more do PM me. I'd be glad to help out.
*
Thanks for your information. It was very helpful. Hope this will be able to help others who are having questions like me. smile.gif
coolpajames
post Sep 24 2010, 12:36 PM

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QUOTE(Danielle Lav @ Aug 26 2010, 09:42 PM)
recently, i got a friend asking me to take the insurance agent license, are there any udang di sebalik batu of this invitation? coz its a sudden invitation.
*
I like wat u say. There are a few ways to look at it.

1. ur fren sees u as a great potential
2. ur fren wanna share with u a way to be financially free
3. it's a good thing n there's nothing wrong with it

I'm a Unit Manager with Manulife and I am creating my own agency. which means I need a team of agents. ur fren may just be in the same situation seeking a team to work with.

u know ur fren better then any1 of us ere on this forum. do u trust this fren, yes? try it out biggrin.gif

I would much like to recruit u also if i m able. yet i won't as i m not any other agent out there. u know wat u want n will only do wat u want to. wat i would suggest is to go n hear ur fren out. c if it really is something that u can do, aka help ppl. den give it a try...1 month? 3 months? 6 months?

set time line/check point and judge for urself biggrin.gif it's a great industry to be in s u r helping ppl in their lives biggrin.gif


Added on September 24, 2010, 12:45 pm||Jasell

great having u start this. v wanna clear the air with wat being an insurance agent really means.

which u joined?? biggrin.gif

This post has been edited by coolpajames: Sep 24 2010, 12:47 PM
powerfulcool
post Sep 29 2010, 12:03 AM

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can an agent register with more than 1 agencies?
cuebiz
post Sep 29 2010, 07:57 PM

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From: Bolehland


QUOTE(powerfulcool @ Sep 29 2010, 12:03 AM)
can an agent register with more than 1 agencies?
*
Cannot. If want to switch, you have to resign.
TSllJasell
post Oct 6 2010, 02:54 AM

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QUOTE(coolpajames @ Sep 24 2010, 12:36 PM)
great having u start this. v wanna clear the air with wat being an insurance agent really means.

which u joined?? biggrin.gif
*
LOL... Actually I haven't join any cause i just finished my final exam, so its hard for me to start before the exam.

QUOTE(powerfulcool @ Sep 29 2010, 12:03 AM)
can an agent register with more than 1 agencies?
*
Like Vandoren said, 1-LI and 2-GI
OMG!
post Oct 6 2010, 11:59 AM

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What is cost of registering up the exams?
coolpajames
post Oct 7 2010, 04:03 PM

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QUOTE(OMG! @ Oct 6 2010, 11:59 AM)
What is cost of registering up the exams?
*
it's at 175 for 2 exams. where r u going to take ur exams?
amerz
post Jun 3 2012, 08:05 PM

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Any tips taking the exam ? currently reading PCEIA 2009 version. is it the latest version ?

Can we register for the exam anytime we want ? planning to go register tomorrow for Wednesday exam.

http://insurance.com.my/pdf/Exam%20Final%20FA.pdf

Jus got my answer smile.gif

http://insurance.com.my/pdf/Instruction%20..._ceilli2010.pdf
http://insurance.com.my/download_e_book.html


This post has been edited by amerz: Jun 3 2012, 09:33 PM
roystevenung
post Jun 4 2012, 03:30 PM

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QUOTE(xage @ Jul 14 2010, 02:36 PM)
think properly... think of the frens u r gonna make/lose
*
If your BFF chose not to be friends with you because you are an insurance agent now, then one might want to ponder whether he/she is really your BFF.

But yes, I do know what you mean. When I started this business, some of my neighbors whom were really close (to the point that we share weekends dinner) to us started to drift apart.

I guess that's when you really know whether you had befriended the real person whom care for you for what you are or how much you're worth.

In this business, you do really make a lot of new friends daily.
blitzsoff
post Dec 30 2012, 05:17 PM

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May i know is it possible to have 2 jobs at the same time?for example,you're working as a sales manager in MNC and insurance agent in an insurance company
stevenlee1989
post Dec 31 2012, 03:50 PM

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QUOTE(blitzsoff @ Dec 30 2012, 05:17 PM)
May i know is it possible to have 2 jobs at the same time?for example,you're working as a sales manager in MNC and insurance agent in an insurance company
*
Well, consider u work part time for insurance company like what i did now, then yes, you are allow to. However you have to balance your work so that ur so call part time job won't influence your role as a sales manager. Good day!
JustcallmeLarry
post Apr 19 2014, 02:16 PM

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QUOTE(llJasell @ Oct 6 2010, 02:54 AM)
LOL... Actually I haven't join any cause i just finished my final exam, so its hard for me to start before the exam.
Like Vandoren said, 1-LI and 2-GI
*
Hi bro have you join yet. I'm from Penang must I go to KL to take the exam?? From where to buy the book too???

QUOTE(coolpajames @ Aug 2 2010, 05:15 PM)
wow this is great, llJasell.

In my own opinion (and I am in Insurance) it's the team factor that made me choose the agency I joined. The product, honestly, it's about the same with each different company.
To summarize = protection and savings (LI) Protection (GI)

In LI, if you want higher savings it's lesser protection and vice versa. in GI it's just protecting the item for the just in case it gets damaged and how fast and how less hassle it is to get back the monies lost.

to answer your questions: -
1) What is the procedure to become an Insurance Agent?
~ u know already. Take the exam yourself or via ur choice agency.
2) How many companies an Insurance Agent sign with?
~ LI = ONE! GI = i think it was 3
3) What is the commission rate?
~ GI average 3-5%, (1 time only) LI got 2 difference, Ordinary Life insurance 35%, Investment link insurance 25% (6 years reducing commission which totals up 105%)
4) What is General Insurance and Life Insurance? Can I sit for both or either one only?
~ u know the answer already. I m choose to focus only on Life Insurance. Lesser headache and distractions.
5) Which insurance company is best for it's policies and claiming?
~ hahaha all insurance companies are following Bank Negara Ruling, hence average 2-4 weeks claims out d in LI. in GI hahah wait la...cos need an adjuster or surveyor to ascertain the loss and submit an investigation report b4 the claims department look through it and pay, experience about 1-6 month or even more depending on the case.

I'm attached with GMA, Manulife Life Insurance in KL. IF you would like to know more do PM me. I'd be glad to help out.
*
Hi may I know do I need to go KL for the exam or any place I can do it in Penang? Also when you work for a insurance company means everyday you must go to the company 9-5 & have to hit target every month???

This post has been edited by JustcallmeLarry: Apr 19 2014, 04:02 PM
neorage_x
post Apr 19 2014, 04:36 PM

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QUOTE(JustcallmeLarry @ Apr 19 2014, 02:16 PM)
Hi bro have you join yet. I'm from Penang must I go to KL to take the exam?? From where to buy the book too???
Hi may I know do I need to go KL for the exam or any place I can do it in Penang? Also when you work for a insurance company means everyday you must go to the company 9-5 & have to hit target every month???
*
Well, not necessarily. A good agency in an insurance company usually have around 3 morning meeting (usually ends at 11am), one weekly training class and normally 1 Business Opportunity Presentation event a month. Any other time is for you to manage your work and personal time yourself.
JustcallmeLarry
post Apr 19 2014, 06:14 PM

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QUOTE(neorage_x @ Apr 19 2014, 04:36 PM)
Well, not necessarily. A good agency in an insurance company usually have around 3 morning meeting (usually ends at 11am), one weekly training class and normally 1 Business Opportunity Presentation event a month. Any other time is for you to manage your work and personal time yourself.
*
Hi bro r u an agent? Can help me by telling how to join pls??? Izzit I must go to KL sit for the exam, pass it then only apply to work in a insurance company??? Or after pass the exam you can start selling???

QUOTE(roystevenung @ Jun 4 2012, 03:30 PM)
If your BFF chose not to be friends with you because you are an insurance agent now, then one might want to ponder whether he/she is really your BFF.

But yes, I do know what you mean. When I started this business, some of my neighbors whom were really close (to the point that we share weekends dinner) to us started to drift apart.

I guess that's when you really know whether you had befriended the real person whom care for you for what you are or how much you're worth.

In this business, you do really make a lot of new friends daily.
*
Hi Roy, you from Penang too. Can you help me by telling me how to get started pls? Do i need to go KL to take the exam??? icon_question.gif

This post has been edited by JustcallmeLarry: Apr 19 2014, 06:32 PM
neorage_x
post Apr 19 2014, 07:23 PM

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QUOTE(JustcallmeLarry @ Apr 19 2014, 06:14 PM)
Hi bro r u an agent? Can help me by telling how to join pls??? Izzit I must go to KL sit for the exam, pass it then only apply to work in a insurance company??? Or after pass the exam you can start selling???
Hi Roy, you from Penang too. Can you help me by telling me how to get started pls? Do i need to go KL to take the exam??? icon_question.gif
*
Hi, I was an agent for 5 years before an insurance company hire me as a consultant for their Takaful agencies.

Your no 1 priority right now I believe is to find an agency that you are comfortable to work with. You can survey them from your nearby insurance branch. Just ask questions like what is the best agencies there, who is the leader and so on so forth.

Why? Because a good agency will already have a system where they will help you through out the licensing process and they will have set up a training routine to suit your conditions and lifestyle.

Yes, in KL we have a computerised examination where you will get your exams results immediately thus saving some time.

But there is examination centres all across the nation and Penang is included.
TWY23
post Apr 20 2014, 11:44 AM

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Hey guys... I just passed my MII test.. So the agency company requested to have a photocopy of my bank passbook. Is that normal? Anyway, if it is necessary, which part of the passbook should I photostat? icon_rolleyes.gif icon_rolleyes.gif
JobCareer
post Jun 25 2014, 03:37 PM

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QUOTE(TWY23 @ Apr 20 2014, 11:44 AM)
Hey guys... I just passed my MII test.. So the agency company requested to have a photocopy of my bank passbook. Is that normal? Anyway, if it is necessary, which part of the passbook should I photostat?  icon_rolleyes.gif  icon_rolleyes.gif
*
It is normal as its BNM requirement for the Principal to GIRO the commission to the agent account.
Just the front page of your statement will do (which consist your bank account no and your name).
By the way, wanna join me for general insurance agent smile.gif

Nirshaa92
post Jun 25 2014, 11:55 PM

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Hi there, are you still looking forward to become an insurance agent? If you are I can help you. You can text me at 01116268219.
hhhui
post Jun 26 2014, 08:54 PM

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hello everyone here~ wanna ask you guys, do insurance company accept part time uni student ??
TWY23
post Jun 26 2014, 09:28 PM

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QUOTE(JobCareer @ Jun 25 2014, 03:37 PM)
It is normal as its BNM requirement for the Principal to GIRO the commission to the agent account.
Just the front page of your statement will do (which consist your bank account no and your name).
By the way, wanna join me for general insurance agent smile.gif
*
I see Thanks! notworthy.gif notworthy.gif

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