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 Career as an Insurance Agent, Let's Discuss

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TSnujikabane
post Nov 21 2013, 12:16 PM, updated 12y ago

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Hi all.

I ahave always wonder about this profession.

I smell the passion, the hunger, the always-wanting-to-meet-new-people field of work.

Question is,

How does one become an insurance agent?


Let's discuss biggrin.gif
TSnujikabane
post Nov 21 2013, 01:16 PM

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Can one go do sales, without being in a particular agency?
TSnujikabane
post Nov 21 2013, 05:25 PM

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How is the commission calculated?
TSnujikabane
post Nov 22 2013, 10:45 AM

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Which is better;

To go out alone,
Or to join a team/agency/company

to do insurance sales?
TSnujikabane
post Nov 22 2013, 12:06 PM

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QUOTE(tehoice @ Nov 22 2013, 10:50 AM)
it's 25% generally across the board, but if you hit certain level you are entitled to 40% of the premium paid.

for example, if you get one to pay for 3k per year per annum, so your commission is 750. (for up to six years, I think) and that's only from 1 client. if you have 50 or 100 clients? imagine your pipeline income, it is very lucrative, but not easy to do.
*
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%?
TSnujikabane
post Nov 23 2013, 03:00 PM

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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?
TSnujikabane
post Nov 27 2013, 01:14 PM

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QUOTE(tengah @ Nov 24 2013, 05:28 AM)
user posted image
*
QUOTE(ExpZero @ Nov 25 2013, 03:46 PM)
This is singapore commission, for Malaysia is far lesser for the first year premium.
*
Then what is the commission rate for Malaysia?
TSnujikabane
post Nov 29 2013, 10:28 PM

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What's OTS ?
TSnujikabane
post Nov 29 2013, 10:56 PM

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Aha, the infamous group! Now i know!
TSnujikabane
post Dec 1 2013, 06:59 PM

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For the exam, what is the frequency?
I mean, is it held once every week/month?
TSnujikabane
post Dec 1 2013, 09:11 PM

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QUOTE(JohnL77 @ Dec 1 2013, 07:17 PM)
Aha, thanks!
So is not fixed la, it depends on the timetable, hoho.
TSnujikabane
post Dec 1 2013, 10:40 PM

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Don't usually the agency will pay the fees, as part of the employee's benefit? After all, without the certificate, the person is not allowed to sell insurance, no?
TSnujikabane
post Dec 2 2013, 11:44 AM

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Wondering, is the commission paid only when customers sign up and pay for the premium?

Then what about the assistance provided to the clients for claims. Does the agent receive commission as well?
TSnujikabane
post Dec 2 2013, 01:11 PM

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Paiseh. Then no fun la liddat.
I mean, if got clients to pay premium, then got commissions.
But assisting on the claims, no commission?

But then, those two are also considered as work done, no ?
TSnujikabane
post Aug 31 2014, 11:36 PM

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QUOTE(Cutieweiyi @ Aug 25 2014, 09:16 PM)
i wonder can join as part- time insurance agent ? usually what will be the sales target ? if don't hit will get expel and commission for subsequence year gone ?
*
You can, but you have to go solo, i work on your own. Usually if you join agency, you have to commit to work full-time, for a foreseeable future.
Just my 2 cents.

 

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