Is insurance agent a good career Singapore?
A career in the insurance industry is an exciting and hugely fulfilling one. However, in the 13years of my career as an insurance agent, I have seen many new agents burn out and leave the industry very early on. Being an insurance agent is tough. You are faced with rejection daily and hear far more Nos than Yeses.
How much does an insurance agent make in Singapore?
$3,000 per month
The average salary for Insurance Agent is $3,000 per month in the Singapore Area. The average additional cash compensation for a Insurance Agent in the Singapore Area is $24,000, with a range from $3,600 – $30,000.
Can I be a part time insurance agent Singapore?
If you have a lot of free time, but would like to earn some extra money, working part-time may be a great option for you.
How do I become a general insurance agent in Singapore?
The essential requirements include:
- Must be an adult (18 years or above)
- Be a Singaporean citizen or an alien with a valid work permit.
- Have at least 3 GCE O-level credits.
- Possess requisite professional qualifications.
Can selling insurance be a side job?
For anyone with drive, ambition and an enterprising attitude, a job on the side in insurance sales can provide as much supplemental or discretionary income as you’re willing to work for, and it’s easy to do while still maintaining your regular source of primary employment.
Why do most insurance agents fail?
They Don’t Forge Relationships with Clients The insurance industry involves more than just finding a plan for your clients and it being a once and done deal. An agent who has this mindset could possibly be on the road to failure if they don’t put in the necessary effort to develop lasting relationships with clients.
Is insurance agent a good job?
According to the U.S. Bureau of Labor Statistics , the job outlook for insurance sales agents is positive, with an estimated growth rate of 5% by 2030. This number amounts to 27,500 new jobs, marking a higher growth estimate than average for all occupations.
Can insurance agent do part-time?
First of all, you may be wondering whether or not selling insurance part time can even work. In short, yes. According to ZipRecruiter, most part-time insurance agents make between $31,000 and $103,000 a year. The nationwide average for part-time insurance agents sits at just over $72,5000.
How many insurance agents are there in Singapore?
Reply to Parliamentary Question on Statistics on Insurance Agents
| Year | Number of life and composite insurance agents | Total number of life, general and composite insurance agents |
|---|---|---|
| 2017 | 15,082 | 19,046 |
| 2018 | 15,836 | 19,731 |
| 2019 | 15,066 | 18,971 |
| 2020 | 15,419 | 19,219 |
How do I become an insurance agent in Singapore?