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

1st year - 45%
2nd year - 35%
3rd year - 20%
4th year - 10%
5th year - 5%

65% of insurance agents earn below RM20,000 a year
http://www.thestar.com.my/story.aspx?file=...tion%2f11929562

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.

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.

They like to show off their car with 126 number plate:


Basically it's a group of HLA agents all under Michael Tan, and his brothers Alex and Desmond.

Then what about the assistance provided to the clients for claims. Does the agent receive commission as well?