Oct 20 2017, 12:47 PM
QUOTE(michwaka @ Jul 23 2011, 11:21 PM)
or every investment-linked plan sold, an agent earns 20% basic commission. (Very transparent, because nowadays commission disclosure is provided in quotation)
Average commission breakdown over 6years:
Year 1: 20%, Y2: 20%, Y3: 13.5%, Y4: 18%, Y5: 15%, Y6; 15%
So, if customer A bought an insurance plan of $200 premium monthly.
$200 x 12mths x 20%=$480yearly commission
Assuming 4cases closed a month, in a year
48cases x $200 premium x12mths x 20%=$23,040yearly commission.
If consistently perform as this level, after 3 years...
Year 1 =$23,040
Year 2 =$23,040 + $23,040 (Y1)
Year 3 =$23,040 + $23,040 (Y2) +$15,552 (Y1)
Hope this info helps.
So this scenario only applies if you only have one customer that bought 4 cases with a RM200 premium?One could assume the final figure of RM23,040 could be doubled or say triple if one would to have 2 or 3 customers who bought 4 cases each with a Rm200 premium?Average commission breakdown over 6years:
Year 1: 20%, Y2: 20%, Y3: 13.5%, Y4: 18%, Y5: 15%, Y6; 15%
So, if customer A bought an insurance plan of $200 premium monthly.
$200 x 12mths x 20%=$480yearly commission
Assuming 4cases closed a month, in a year
48cases x $200 premium x12mths x 20%=$23,040yearly commission.
If consistently perform as this level, after 3 years...
Year 1 =$23,040
Year 2 =$23,040 + $23,040 (Y1)
Year 3 =$23,040 + $23,040 (Y2) +$15,552 (Y1)
Hope this info helps.
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