Once your agent MIA (most probably terminated/not continuing with contract), your policy will be taken care by the Manager/Leader of your agent. So anything related with your policy will need to liaise with them even you did not appoint them. Even the commission also will go to them.

You can easily change to new agent by simply sending a letter to the insurance company. However, finding agent who want to be your new agent is another challenge as not many agent want to accept because they will not earn anything from your policy. Only if you take new policy with the new agent then they will earn commission. If u cancel old policy & take new 1  with new agent (same company) also new agent won’t earn any commission

That’s why when to change agent, new agent is hard to find & old agent will find ways to make sure u keep ur policy witth them
Thus finding the right agent to sign up with is very important

Thanks, indeed my policies now went to the team leader of my previous agent.
But I didn't knew that the new agent that I'm going to appoint wouldn't earn a single cent out of my current policies. Is it the same for all insurance providers?

I was under the impression that the commission will be diverted to the new agent.

You're mis-informed. There is no such thing that cannot change agent easily and that there is a premium increase when take over the policy servicing.

Agents that tell you that just want to earn from you as they will not be able to earn from your previous policy.

I had taken over policies as far as KL/Sabah (I am from Penang) and assist them with claims. Later if they top up/add on/refer people only will I earn. If they don't top up/refer also is okay, this business is for long term and more importantly is to help people.

Everything is right except the premium part. The premium changes is not to protect agents (agents is like us, just a small pebble in a quary). When you buy a policy, the premium is locked in for a certain period of time (assuming everything normal) and you can know at certain age, the premium will increase (because you're more likely to fall down injuring yourself due to old age) and many other factors like family history or vices (smoking drinking etc). That's why your premium doesn't go up every year (by statistic medical cost goes up every year), they instead go up once every few years. So when you change an agent, your policy will be review and the premium will be calculated base on the time it was being review so your premium sure go up lo.

It doesn't matter if the commission is still payable to the old agent.

More importantly as a customer, avoid cancelling your old policy just because the agent is no longer contactable or no longer able to service you. Everything restarts when you cancel and get a new policy, the Waiting Period (up to 2 years incontestability clause), the cash value allocation (restart from 60% from yr1), the agent commission restarts (from year 1~6).

Your insurance contract is with the insurance company, not with the agent.

Thanks, indeed my policies now went to the team leader of my previous agent.
But I didn't knew that the new agent that I'm going to appoint wouldn't earn a single cent out of my current policies. Is it the same for all insurance providers?

I was under the impression that the commission will be diverted to the new agent.

Unless the policy is transferred by the agent to another agent.

Client requesting to change agent, new agent got no immediate financial benefit.

Best,
Jiansheng

Thanks, indeed my policies now went to the team leader of my previous agent.
But I didn't knew that the new agent that I'm going to appoint wouldn't earn a single cent out of my current policies. Is it the same for all insurance providers?

I was under the impression that the commission will be diverted to the new agent.

why they design system like this?. to benefit agent that sell policy in the first place?.

the system got backire already. so many slow and irresponsible agent

Prudential cannot easily change agent. try b4, premium will be revise. I believe to protect old agent from kill by new agent. since new agent might steal old agent client.

Ask faiz bmw 330i sunset orange, he as a prudential agent said the same things.
premium still the same?. prudential, premium follow old agent. once change agent, premium will be different. kek

You're mis-informed. There is no such thing that cannot change agent easily and that there is a premium increase when take over the policy servicing.

Agents that tell you that just want to earn from you as they will not be able to earn from your previous policy.

I had taken over policies as far as KL/Sabah (I am from Penang) and assist them with claims. Later if they top up/add on/refer people only will I earn. If they don't top up/refer also is okay, this business is for long term and more importantly is to help people.

The system is as such so that there will be no internal pinching of customers between agents; First Agent gets the full rights to the commission.

You believed the talk cock king? Bought my first insurance when started working, the agent is actually  my friend, then went awol and the agency head driving real Ferrari unlike media preview sunset orange took over. No bother to call nor write.
Then change to Roy below, PLUS bought new for my whole family with uncle.
Uncle register for AZ yet?

Then, they should give penalty to agent who got report from their client.

But I do believe, they insurance company dont bother, as agent bring money.
Bruh..that dude dont see now la. now he is talk cock. no one will believed. See himself 4 years ago la. He quite honest and down to earth. but once change into sunset orange, damn 360 degree transformation.

He should stick to persona liao. lol.

You believed the talk cock king? Bought my first insurance when started working, the agent is actually  my friend, then went awol and the agency head driving real Ferrari unlike media preview sunset orange took over. No bother to call nor write.
Then change to Roy below, PLUS bought new for my whole family with uncle.
Uncle register for AZ yet?