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Who can sell insurance in Singapore?
- 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.
How much does an insurance agent make in Singapore?
The average salary for Insurance Agent is $3,000 per month in the Singapore. The average additional cash compensation for a Insurance Agent in the Singapore is $27,000, with a range from $3,600 – $40,000.
How do I know if my insurance agent is licensed in Singapore?
The public can check if a general insurance agent is registered with ARB, and the insurers that the agent is authorized to represent, by using the agent search module at this link. When performing a search for an individual agent or a nominee agent, you must have the NRIC/FIN/Passport number or the GIA nominee number.
Do you need qualification to sell insurance?
Most states require you to complete a pre-licensing class. Many of these can be taken online or through an in-person course. Requirements vary depending on the state, from a one-day class to 20-40 hours of online training.
Can foreigner be insurance agent in Singapore?
To qualify for registration as an Agent or Nominee Agent, you must be registered with the General Insurance Association of Singapore (GIA) and satisfy the following requirements: You must: be at least 18 years of age; be a Singapore citizen/PR or a foreigner with a valid Work Permit; and.
Who is a person who sells insurance?
In the world of insurance, an agent is a person who sells insurance policies on behalf of an insurance company. An agent can be either captive or independent.
How much do insurance agents make SG?
The average salary for Insurance Agent is $3,000 per month in the Singapore. The average additional cash compensation for a Insurance Agent in the Singapore is $27,000, with a range from $3,600 – $40,000.
What are insurance agents called in Singapore?
'Financial consultant' is the commonly-known title now.
Can I be insurance agent without diploma Singapore?
While secondary school education is enough to get you employment as an insurance sales agent, earning a bachelor's degree is advisable.