My friend post his achievement and he is yearly million dollar round table. Is this mean he achieve 1 million income for that year? So agak agak 90-100k per month?

yes

million dollar sales laaa...

10k monthly income

Million dollar sales translate to 10k income?

No la. First year 300-250k for 1mil premium right?

i think 1mil in 1year sales, probably will get 1mil in 6years.

http://www.mdrtmalaysia.com/mdrt-membership

Wow get 1 milion income in 6 yrs not bad also. So my friend multiple mdrt holder is so close be millionaire liao.

exact details i dunno but when i was buying my insc i also trying to figure out how much they make..

Lol. I think make a lot if mdrt

This post has been edited by ic no 851025071234: Dec 21 2016, 09:16 AM

thansk for the link, now have abit understanding. means they dont actually hit 1million rm in income to qualify for mdrt lah

MDRT is only the starting point it seems still got COT & TOT

normally mdrt is girls with big hairdo

MDRT level rate by income, not sales.

If newjoiner insurance agent got 1 sales worth 10mil, everyone is MDRT

from the everest link, got a few methods but the lowest qualifying one is below. 159500 in commissions a year.

poorman salary

ts think million dollar round table equal million dollar income ke, my arse.

Income rm160k quite high also. Wow my friend is 20k earner haha

Poorman due to not achieve /k standard salary 20k?

1 million sales per year mang...then the commission is roughly 25% lar take average..so ur fren got rm250k commission....

if next year he also got mdrt so add another 250k per annum.

so in theory if he got mdrt for 4 consecutive years..he will earn 1million per annum on the fifth year. coz 1 sales he will get commission for 6 years mang

Wow. I think I will approach him be his down line. How suck also I think will earn better than my office job

no. he closed deal 1 mil worth of insurance that year

his income? depends on the commission structure

Its 1M sales...

As for his income.. it depends.. some products can get upto 40% for first year's premium..

40% commission for 1 million sale? Mafaka can retire liao after few rounds mdrt. 500k income for this yr cb

This post has been edited by ic no 851025071234: Dec 21 2016, 11:27 AM

wonder how insurance agents gonna survive when BNM is already pushing people to buy insurance online like auto insurance

Its already exist for simple PA product...

But for life, investment linked, medical card insurance is sill pretty much a hardsell and push product....the sales majority is conrtobute by those top agents...

nope. think again. I got my insurance from them. I built it up with what I want. no rider here or there. and the commission I get back.

https://www.fundsupermart.com.my/insurance/...#33;-1078987645

It's not 1M sales la... if I remember correctly, for 2016 it's about RM500k in collected premiums.

But you are correct, the income depends on the commission structure, some are 35%, some 25%, some 10%, some just dump their own money into insurance company's unit trust kaw kaw to achieve MDRT but commission 2% only.

Income/commission also different between the lowly agent to the agency managers, so can't guess the income unless more info provided .

insurance is a pyramid scheme...

Ppl in the top dip their fingers into everything...

My first "job" was compiling data for an insurance agency.... thats why insurance all overpriced piece of shit.... their "investment linked" crap is even worse..

500k premium if commission 10% only annual income 50k lol how to be millionaire?

There is no short cut in life. Anyway MDRT is supposed to be a branding for insurance agent but some have gamed it so that they are MDRT but no solid income one.

But those solid MDRT, 55% commission for leaders is RM275k (assume RM500k is the criteria for MDRT). That is still income level above many. Even for those first year agents who achieve a solid MDRT, income is about RM200k (40% commission). Not bad compensation for those who work hard.

My fren not even MDRT also earn solid rm8k/month liao.. this year she got bonus rm19k
My bonus 10% only from her 😥

Insurance agent so high salary and got bonus 1?

Commision based.. she started in 2014, 1st year commision rm4k, 2015 also rm4k, so in 2016 total around rm8k/month.. this year shes a bit slow only around rm3k.. so next year her commision shud be around rm9-10k (plus minus)

Bonus got if u achieve certain target.. actually she shud get rm25k but final amount rm19k..

Sounds insurance very god mode