who doesnt try to be nice to everybody relatively in sales line? people dont just give up their money to you for free, so work the effort.
ive been working in sales line with promising 3k+ monthly but working in a 'China-man' company really kills you, could turn u into a zombie

Basically, you will need to choose an insurance company to attach to. They will guide you to obtain your license (through exams). 3 types of basic exams to take, in order to sell both general and life insurance. At least 2 exams, if you are to sell only general or life insurance.

Life insurance commission higher if not mistaken, and you need to hardworking to keep finding prospects. Who is going to buy multiple medical card policy? General insurance includes fire, PA, car, etc. Life insurance will ensure recurring income, as the policy holder is paying for the policy, you get your recurring commission (reducing by year).

You will have a minimum target (xx policies in xx months) in order to keep your license active. This is to make sure you are still alive in this line. If you are working this full time, you can try to achieve their top sales. That will allow you to travel around the world. Multiple trips in every year for top achievers. For newbies, for seniors, all are entitled as long as you achieve target.

Not a bad choice either, as stated above on the 750 x 50-100 clients example. You just need to work hard.

Many thanks for the insightful reply.

So the commission is only paid if the client has paid for a year?
Or right at the moment he signs up for the policy, you are paid 25%?

As far as I know, it is 50% commission of the insurance premium for life insurance. Because insurance selling is so competitive, I told my insurance agent that I will buy a life insurance from him if he would split that 50% commission with me. Of the 2 different life insurance agents I dealt with, they agree to split their commission evenly with me, so in the end I pay only 75% of the insurance premium for the first year. (the other 25% of the insurance premium is paid by the insurance agent per the commission splitting agreement). This is only for the first year, second year onwards, I would pay 100% of the insurance premium.

Say, I clinch a deal, selling LI at RM2.4k/annum.
Premium is paid monthly, at RM200/month.

Will I get the 25% commission straight away,
or will only receive it after a year?

Every month RM200x25%.

This is singapore commission, for Malaysia is far lesser for the first year premium.

Yes, those are the commision rates for Singapore. I was thinking Malaysians' rates should be close. Oh, it is not

Great Eastern life insurance commission?

But life as insurance agent seems tough as 65% of insurance agents earn below RM20,000 a year?

The first thing is the face skin must be 1 inch thick...

Malaysia's commission rate is steady decrease unlike Singapore. This is to maintain a healthy Persistency Ratio in the market. FYI, if first year premium is too high and significantly drop after 1st year, the agent will "lose motivation" to service the customer after the 1st year.

Yeah of course, because in insurance industry, about 60% are parttimer or no-timer. They don't bother to do the sales and every year about 15% of manpower being terminated.

If you look closely in Great Eastern's commission payout in year 2010.
Source: Bank Negara Malaysia. http://www.bnm.gov.my/files/publication/dgi/en/2011/L2.pdf

GE has paid out nearly 700millions of commission and we are having 16,000 agents and about 15% of agent are not doing any sales at all.

We can neglect 15% of the agent who are not doing any business at all(waiting to be terminated).
By simple mathematics, every agent averagely earning, 700,000,000/13,600(active agent)=RM51,470/year = RM4,289/month.

This is nothing to boost about it as RM4k+ can be easily reach by any average Kuala Lumpur executive who has been working for about 5 years in MNC.

However, we have to do a little mathematic to show real fulltimer's income as there are only about 30-40% of insurance agent are full timer.

I have no database to show the percentage of full timer's earn. However, as far as I know, a manager averagely earn RM15,000 and a Group manager averagely earn RM30,000.

A good insurance agent would want to sell personal accident insurance as well as travel insurance (for vacation/holidays) in addition to the life insurance to his/her customers. It is not just sell one life insurance, done deal, after 5 years, no more profit. Apart from selling personal accident and travel insurance to the customer, he has opportunites when the customer gets married, the spouse will maybe buy life insurance or when the customer has new borns, the customer will buy more insurance. I can see why a part timer gets demotivated because of his/her lack of time to build relationships for business opportunities.


Those figures are good to know. RM4300/month is decent pay and the best part is the insurance agent has complete control on his work hours. The manager pay of RM15,000 a month is impressive. Worth venturing into if one is good in sales.

You must ask Lowyat Insurance Grand Master roystevenung for advice.

In Insurance as in all sales job, the SKY is the Limit. Successful agents I heard make RM6 digit a month.

Most of the agent do not provide PA and Travel insurance due to low commission. A travel insurance premium is about RM50-100(depending on the destination, days and coverage). Travel insurance commission is 10%, so per case earning about RM5-10, minus out the time, petrol and other expenses etc, you might making a lost. Unless it's for bulk or for the purpose of building relationship as per what you said.

A mediocre first year agent in my group is earning about RM2k to RM4k/month, not a high flyer, they can't afford Merc yet, but enough to sustain their lifestyle. However, my agents who has been working with me for several years tend to have >10k/month.

Then what is the commission rate for Malaysia?

welcome to PM me if u are interested to become an insurance agent..Thank you..

If you commit to your goal and do your daily work, it is common for insurance agent to earn more than 10k/mth in less than 3 years.

My 2 cents. Not every1 can sell insurance If you have no education or degree, or no other means of employment, then by all means, please do so. The problem is many young ppl nowadays come out of uni, and think about earning big bucks, and then they hear about insurance and real estate and think wow I want to earn 20 k a month also. I see so many young girls being brainwashed by their teams and come out in short skirts and trying to sell.

You will lose some of your friends as well as everyone is damn scared of the insurance guy/girl calling and bombing them with all kinds of reasons to buy...need to hit their quota, they need your help, family member sick need to hit commission all..

Try and work and get a real job...this isn't for everyone as it requires a 3 inch think face, the ability to take lots of rejection, insane amount of fake optimism, and really the ability to sell sex also

Sound like speak from experience
I'm not sure which agency/insurance company you went but it sounds sad.