Chachalogo:
They'll only trick with juicy salary scale, but in the real sense, they don't pay e.g. Heirs Life Assurance.

pappy2000:
How can I apply to be a market in an insurance firm

shogz89:
you are not the only one that has worked in insurance.. if you are hired as a marketer, much of your income will be based on commission, you will still receive salary but not much.. Every other unit are based on purely salaries. However for non marketing staffs for some insurance companies, they might give you a very little target as well which doesn't count much.. Insurance is a very good industry

Emmandu:
Pls what about NEM insurance do they pay their workers salary of commission??

BlueRayDick:


Ur approach is wrong. If u've worked with 3 different insurance companies as u claimed then u should've explained to the op that there are two types of staff in insurance companies i.e. contract staff and permanent staff.

The contract stuff who are mostly under agency arrangement are remunerated majorly through commission and some other incentives(The category of staff that fall under here are solely marketers). Those who are permanent staff who can either be accountants, internal auditors, claims personnel, and some permanent marketing executives are remunerated through salaries.

It will interest you to know that some insurance companies pay really well, but those who work there will never tell u because their relatives will not allow them drink water drop cup. So they just go ahead and collect better salary and pretend as if they are only paid paltry commission like most people on this thread ignorantly assumed.

Theoarhics:



Even the permanent executive marketers as u said also eared commission and allowance. It's just that as you grow u get more target and more allowances.

Insuranceman:


JOB VACANCY

CORNERSTONE INSURANCE PLC

We are recruiting to fill the position below:

Job Title: Insurance Sales Executive/Financial Planner

We are looking for outgoing and dedicated insurance Sales Representatives who are interested in a rewarding career in insurance Sales for immediate employment.

Location: Abuja
Report To: The Unit Manager
Employment Type: Full-time or Part-time

Benefits:
1. Monthly Allowance
2. Commission on every business
3. Career growth opportunities/mentoring

If interested, kindly forward your CV to kattamah@cornerstone.com.ng

Best regards

pappy2000:
How can I apply to be a market in an insurance firm

inoki247:
buh dem get office na u can ask derr gateman wen u gt dere....

Theoarhics:


Nothing "a very small target" in insurance especially when getting the people to buy the insurance policy is very hard cos of the apathy Africans and Nigerians in particular have for insurance. Most times , u might not ever meet up the small target.

4teenblaq:
I am a job seeker, someone is recommending me to an insurance company...

I really want to know how their pay goes..

pappy2000:
How can I apply to be a market in an insurance firm

shogz89:

I once worked as a finance staff in an insurance company for about 2 years, i was paid SALARY without any target and i also got profit sharing every 3 months based on the company's performance ,, same for my colleague in AIICO and Wapic. Only marketing staffs are given strict targets Oga. may be your company are giving you targets but most insurance don't give non marketing staffs strict target

Theoarhics:


I worked with AXA and first bank insurance as marketer

hardbody:


I have read a few comments here. Some are near correct, others are completely off the mark.

1. If you are taken in as an agent, you are NOT on any salary and you make commissions on your sale.

2. If you are employed in the mainstream, you are placed on a normal salary (as negotiated by you when coming through the interview process) and the salary is dependent on all other similar requirements such as experience and what you are bringing to the table. There are various departments in the system (underwriting, accounts and finance, HR, Facility Management, Legal Dept, etc).

The disadvantage of coming in as a commissioned agent is that you will struggle to get a footing, finding the market, etc. However, after a while and you have built the customers, there is no limit to what you can earn, especially when you have grown to become a unit manager and then an agency manager. At this level, you even earn commission on sales carried out by the agents selling under you.

If you are employed in mainstream, you may be entitled to salary, BUK, Pension, bonus and other perks of office relative to your position including official car and house, paid leave, offshore trips, etc.

In the final analysis, determine the workstream that you are joining on and then you can take it from there.

For the records, It is only in Nigeria that Banks are bigger than Insurance companies. In the western world, insurance companies sit on large pool of funds and they actually own banks and for those who say their pay is meagre, try find out what the likes of AXA Mansard, Leadway, AIICO and NEM among others are paying. Also try and find out why employees from the big Audit firms and some banks are clamouring for the insurance companies. Ask around and find out how many staff of insurance companies get fired or made redundant relative to their banker cousins.

On a final punch, a certified actuary (and there are very few in Nigeria) earns more than N300m (less bonuses, house, car, fully paid foreign holidays, etc, per annum. If that is defined is meagre, then I give up.

I speak with authority because I have worked in Insurance, Banking, Telecoms and practised law (all as a lawyer)

All the best in your search.

inoki247:
buh dem get office na u can ask derr gateman wen u gt dere....

Theoarhics:


I worked with AXA and first bank insurance as marketer

akanbiaa:
What is your experience with FBN Insurance as contract marketer ? Is it advisable for someone whose family is far away and currently financially constrained to relocate for the sake of the job or manage where he is with family with little he gets from small paying jobs sufficient to at least feed family around ?

BlueRayDick:


Please manage where u are for now. Relocating for an insurance marketing contract job is not advisable. U will be paid solely on what u make( except for little stipends which won't make any difference). It's actually difficult selling insurance to people in this right economy.

akanbiaa:
Thanks for the advice , so they just package contract marketing names under different fancy names like Bancassurance Associate.

BrizzyA:


With such authority

Don't and stop mistaking agents for marketers. These two are very different.

As detailed in my earlier response.

KingOfAKingdom:
Hello Boss... I saw in a post that you got into Custodian through Graduate trainee!!... How's the Organization? Are you still working there?

BrizzyA:


Hey man

It's a nice place to work, I'm no longer there.

KingOfAKingdom:
Thanks for the reply. But, Why are you no longer there?... Is there anything I need to know?

akanbiaa:
Thanks for the advice , so they just package contract marketing names under different fancy names like Bancassurance Associate.

4teenblaq:
I am a job seeker, someone is recommending me to an insurance company...

I really want to know how their pay goes..