Insurance Talk V6!, Everything about Insurance
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 Jul 20 2020, 09:51 PM
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#1
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Junior Member
143 posts Joined: Oct 2017 
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insurance agent must hit RM15k target per year or else he will be terminated.
may i know this requirement create by who? bank negara or insurance company? why such shady requirement? why can't someone just handle his/her family member insurance instead of keep pushing them to find new client? |
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Jul 20 2020, 10:14 PM
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#2
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Junior Member
143 posts Joined: Oct 2017
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QUOTE(lifebalance @ Jul 20 2020, 09:59 PM) Because BNM wants to increase the standard of the insurance industry, instead of people who just park their license without practicing it. They will have minimal target to achieve to maintain their license. What?Hitting minimal RM18,000 yearly target is a poverty line for an insurance agent career. That’s equivalent of earning only RM3,600 yearly. Insurance company would not want to want to keep inactive agents as well since they don’t generate the company profit. Insurance companies are here to make profit and certainly not a non-profit charitable organization.  QUOTE Because BNM wants to increase the standard of the insurance industry, instead of people who just park their license without practicing it. They will have minimal target to achieve to maintain their license. It's the agent lovely family members. Of course he/she will always make sure they got the best coverage within their budget. What park license without practicing? What? QUOTE Hitting minimal RM18,000 yearly target is a poverty line for an insurance agent career. That’s equivalent of earning only RM3,600 yearly. RM3600 yearly so? He/She got other main job lah. QUOTE Insurance company would not want to want to keep inactive agents as well since they don’t generate the company profit. Insurance companies are here to make profit and certainly not a non-profit charitable organization. You talk like the agent's family get free insurance from insurance company is it? They also pay the premium like others on time. How come no profit for the insurance company? What? |
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