Jane Dotson
If you're interested in becoming a Great Eastern Insurance Agent, there are a few things you should know. Great Eastern Insurance is one of Asia's leading insurance providers, offering a wide range of general insurance solutions for individuals and businesses of all sizes. As an agent, you will be expected to build meaningful relationships with customers and provide personalized services to meet their unique needs. To become an agent, you must meet certain requirements, including minimum education qualifications and passing the Pre-Contract Examination for Insurance Agents. Income is commission-based, and you will be motivated to succeed through recognition programs and awards. With Great Eastern Insurance's strong financial backing and brand name recognition, you can be assured of a challenging yet rewarding career.
| Characteristics | Values |
|---|---|
| Company Name | Great Eastern Malaysia |
| Company Description | One of Asia's foremost visionaries in the insurance industry |
| Company Goal | Uplift agents' professionalism and quality of performance |
| Company Offerings | Statutory required Motor and Fire Insurance, comprehensive range of PA products, and general insurance solutions for corporates, small businesses, and individuals |
| Minimum Qualification | Sijil Pelajaran Malaysia (SPM) with a minimum of 5 passes or any higher educational qualification |
| Additional Requirements | Pass Pre-Contract Examination for Insurance Agent (PCEIA Part B) and register a company with Suruhanjaya Syarikat Malaysia (SSM) |
| Training | Agency training (technical and non-technical) and a minimum of 20 hours of annual training under continuous professional development |
| Income | Commission-based, varying among different classes of insurance per Bank Negara Malaysia's (BNM) guideline |
| Minimum Maintenance Contract (MMC) Requirement | RM 20,000 annual gross premium during the first 2 years of the general insurance license, and RM 50,000 annually thereafter |
| Recognition | Host of recognition programs and awards to acknowledge agent achievements |
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What You'll Learn
- Minimum qualifications: SPM with 5 passes, pass PCEIA (Part B), register with SSM
- Income: Commission-based, varying with insurance class per BNM guidelines
- Training: Agency training provided, 20+ hours per year
- Application: Fill in information online, then contacted by Great Eastern
- Benefits: Recognition programmes, awards, professional development
Minimum qualifications: SPM with 5 passes, pass PCEIA (Part B), register with SSM
If you're interested in becoming a Great Eastern Insurance agent, there are a few key steps and qualifications you need to keep in mind. Firstly, you need to meet the minimum educational requirements, which include having a Sijil Pelajaran Malaysia (SPM) certification with a minimum of 5 passes. This demonstrates a basic level of academic achievement.
In addition to your SPM certification, you will need to pass the Pre-Contract Examination for Insurance Agents – specifically, PCEIA Part B. This examination is designed to test your knowledge and understanding of the insurance industry and relevant regulations. By passing this exam, you demonstrate your competency and readiness to enter the industry as an agent.
Another important step is to register a company with Suruhanjaya Syarikat Malaysia (SSM). This is a crucial step in establishing yourself as a legitimate business entity and meeting the requirements to operate as an insurance agent. SSM registration provides you with the necessary framework to conduct your business activities in compliance with Malaysian laws and regulations.
Great Eastern Insurance places a strong emphasis on professionalism and continuous development. They provide extensive training for their agents, covering both technical and non-technical aspects of the job. This ensures that you are well-equipped to handle various scenarios and provide the best possible service to your clients. The company also motivates its agents to strive for new heights with recognition programmes and awards, creating a culture that values achievement and professional growth.
By meeting these minimum qualifications and embracing the continuous development opportunities offered by Great Eastern Insurance, you can be well on your way to becoming a successful and respected insurance agent within the company. Remember to stay dedicated, continuously learn, and take advantage of the resources and support provided by the company to enhance your career in the insurance industry.
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Income: Commission-based, varying with insurance class per BNM guidelines
Great Eastern General Insurance Malaysia offers a commission-based income to its insurance agents. This means that your income will be based on your performance. The commission varies depending on the different classes of insurance, as per Bank Negara Malaysia's (BNM) guidelines.
As an insurance agent, you will be equipped with the knowledge and expertise to assist your clients in selecting the right insurance coverage for their needs. You will build meaningful relationships with your customers and partners, providing a personalised service that ensures their needs are met.
Great Eastern offers a range of general insurance solutions for individuals, small and medium-sized businesses, as well as large corporates. From statutory-required Motor and Fire Insurance to a comprehensive range of PA products, Great Eastern has you and your clients covered against life's unexpected events.
As part of the Great Eastern Holdings and OCBC Group, you can be assured that you are joining an experienced insurer with strong financial backing and a brand name you can trust. With a strong network of branches and servicing offices, as well as exclusive agency online portals, Great Eastern makes it convenient for you to complete your general insurance transactions and access information on the go.
To become a Great Eastern General Insurance Agent, you must meet certain minimum qualifications, including a minimum education requirement of Sijil Pelajaran Malaysia (SPM) with a minimum of 5 passes or any higher educational qualification. You must also pass the Pre-Contract Examination for Insurance Agents (PCEIA, Part B) and register a company with Suruhanjaya Syarikat Malaysia (SSM).
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Training: Agency training provided, 20+ hours per year
Great Eastern General Insurance Malaysia provides comprehensive training to its agents to ensure continuous professional development. The company offers both technical and non-technical training modules to help agents enhance their skills and knowledge. This training is an essential part of an agent's career development and empowers them to provide excellent service to their clients.
The training programs are designed to cover a wide range of topics relevant to the insurance industry and are tailored to meet the specific needs of Great Eastern agents. They provide a deep understanding of insurance products, sales techniques, customer service skills, and industry regulations.
With a minimum of 20 hours of training per year, agents can continuously improve their performance and stay updated with the latest trends and changes in the industry. This commitment to professional development demonstrates Great Eastern's dedication to investing in its agents' growth and success.
The training curriculum is carefully crafted to ensure that agents are well-equipped to handle various aspects of their role. It covers essential areas such as product knowledge, where agents learn about the diverse insurance solutions offered by Great Eastern, including life, medical, motor, fire, and general insurance plans. They gain expertise in tailoring these plans to meet the unique needs of each client, ensuring comprehensive protection.
Additionally, the training enhances agents' sales and communication skills, empowering them to build meaningful relationships with customers. Great Eastern recognises the importance of providing personalised services, and through this training, agents develop the ability to offer customised plans and assist clients in making informed decisions about their financial future.
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Application: Fill in information online, then contacted by Great Eastern
Application Process for Great Eastern Insurance Agents
If you're interested in becoming a Great Eastern General Insurance Agent in Malaysia, the first step is to fill in your information online. The company will then reach out to you and guide you through the next steps, which include meeting certain educational and professional requirements.
Great Eastern is one of Asia's leading insurance companies, and as an agent, you will be part of the Great Eastern Holdings and OCBC Group, which has over a decade of experience in the general insurance industry. The company has a strong network of branches and servicing offices, as well as exclusive online portals, to support its agents in serving their clients' diverse insurance needs.
Online Application
To initiate the application process, simply fill in the required information on the Great Eastern website. This is the first step in what could be a rewarding career with an established insurance provider.
Once you have submitted your information, a representative from Great Eastern will contact you to discuss the next steps, which include meeting certain qualifications and requirements.
Qualifications and Requirements
Great Eastern has outlined the following minimum qualifications and requirements to become a General Insurance Agent:
- Minimum educational requirement of Sijil Pelajaran Malaysia (SPM) with a minimum of 5 passes or any higher educational qualification.
- Pass the Pre-Contract Examination for Insurance Agent (PCEIA, Part B).
- Register a company with Suruhanjaya Syarikat Malaysia (SSM).
Additionally, under the Minimum Maintenance Contract (MMC) requirement by Persatuan Insurans Am Malaysia (PIAM), all general insurance agents must meet specific financial targets. During the first two years of their general insurance license, agents must achieve an annual gross premium of RM 20,000, and RM 50,000 annually thereafter.
Training and Support
Great Eastern provides comprehensive training and support to its agents. They invest heavily in agency training, offering both technical and non-technical development opportunities to ensure continuous professional growth. All general insurance agents are required to attend a minimum of 20 hours of training per year.
With a strong focus on uplifting agents' professionalism and performance, Great Eastern offers a host of recognition programs and awards to motivate and encourage agents throughout their careers.
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Benefits: Recognition programmes, awards, professional development
If you're looking to become a Great Eastern Insurance agent in Malaysia, there are a host of benefits to look forward to, including recognition programmes, awards, and opportunities for professional development.
Great Eastern Insurance is one of Asia's foremost visionaries in the insurance industry, and as part of the Great Eastern Holdings and OCBC Group, it has over a decade of experience in the general insurance industry. This means you can be assured that you are joining an established and experienced insurer with strong financial backing and a brand name you and your clients can trust.
Throughout your career as a Great Eastern General Insurance Agent, you will be motivated and encouraged to reach new heights with various recognition programmes and awards that acknowledge your achievements. These programmes serve as milestones and goals for you to strive towards, pushing you to advance further in your general insurance career.
Great Eastern Insurance invests heavily in agency training to ensure continuous professional development for its agents. This includes both technical and non-technical training to enhance your knowledge and skills in the insurance field. You will also have access to a strong network of branches and servicing offices, as well as exclusive agency online portals, making it convenient to complete your general insurance transactions and access information anytime, anywhere.
In addition to professional development opportunities, Great Eastern Insurance offers a commission-based income structure, with commissions varying among different classes of insurance according to Bank Negara Malaysia's guidelines. This means your earnings are directly tied to your performance, providing an opportunity for financial growth as you excel in your career.
With a comprehensive range of general insurance solutions and a dedication to building meaningful relationships, Great Eastern Insurance empowers its agents to assist customers in selecting the right insurance plans to meet their unique needs. Whether it's for large corporates, small businesses, or individuals, Great Eastern Insurance agents are equipped with the knowledge and expertise to provide personalised services and ensure peace of mind for their clients.
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Frequently asked questions
Simply fill in your information on the Great Eastern website and they will reach out to you.
The minimum education requirement is Sijil Pelajaran Malaysia (SPM) with a minimum of 5 passes or any higher educational qualification. You must also pass the Pre-Contract Examination for Insurance Agent (PCEIA Part B) and register a company with Suruhanjaya Syarikat Malaysia (SSM).
Income is commission-based and will depend on your performance. Commission varies among different classes of insurance in accordance with Bank Negara Malaysia's (BNM) guidelines. Under the Minimum Maintenance Contract (MMC) requirement, all general insurance agents must meet a minimum of RM 20,000 annual gross premium during the first 2 years of their general insurance license, and RM 50,000 annually thereafter.
