Many people are interested in the salary of an insurance agent. Commission is the main remuneration for most agents in Singapore. Let me share with you how am I being paid for the past few years in the insurance industry.
Commission Structure
Insurance agents in this scheme are being paid for every policy sold. This is the scheme that my entire agency is in. Personally I find that this scheme is more exciting, challenging and it definitely motivates agents to work hard for their income.
So how much can an insurance agent make?
Let us do a calculation. Let’s assume:
