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 Career as an Insurance Agent, Let's Discuss

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OhNooy
post Nov 22 2013, 10:59 AM

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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.
OhNooy
post Nov 24 2013, 01:38 PM

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1,133 posts

Joined: Aug 2007
From: KL


QUOTE(nujikabane @ Nov 23 2013, 03:00 PM)
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%.

 

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