RM1,700 A Month Income

It was reported in The Star in August 2012 that there are 83,174 insurance agents in Malaysia, and that 65% if them earn less than RM20,000 a year (RM1,700 a month). That means only 35%, or about 29,000, make more than that amount. This dispels the myth that most insurance agents make a lot of money. In fact, the insurance agents’ income quoted above is below the average salary of a Malaysian worker, which stands at RM33,000 a year (RM2,750 a month).
Life insurance commission rates have been capped since 1996.