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12-05-2023 09:52 AM
Unregistered
Quote:
Originally Posted by Unregistered. View Post
I'm at a crossroad now. Would really like to speak to you to understand more in the banking industry, not sure how can I reach out to you?
Don't listen to that BS la. Nothimg is easy. Grass always greener on the other side.
You think bank easy. Later you will find out its not. Coz there is a saying bank only wants yo lend money to people who do not need loans. Then you will wonder why you work 10 hpurs a day with the same megre pay bonus also nothing to shout about even though you top performer. Sell insurance better. No cap commission
12-05-2023 09:37 AM
Unregistered
Quote:
Originally Posted by Unregistered. View Post
I'm at a crossroad now. Would really like to speak to you to understand more in the banking industry, not sure how can I reach out to you?
I’m in the exact situation as u now. What are u up to and how have u been? Your experience will really be helpful. Did you enter the banking industry?
13-08-2022 04:52 PM
Unregistered I was in insurance too, left for greener pastures since. 2 years is more than enough to determine if it's suitable for you or not, don't let the "you could've tried harder" bs shake you.

Imo the ones who can succeed in this business either have to really love sales, or really like to build relations with people. Honestly, not for everyone unlike how they try to put it saying how everyone can make it. Not every one is born a fish, so don't feel too bad when you find yourself splashing

Fail fast, fail quick, so you can find your forte fast. Good luck
11-08-2022 03:14 PM
Unregistered.
Quote:
Originally Posted by Unregistered View Post
Am from insurance too. Two years in, I found it so hard to sell because I'm not a salesy person. I do up all the financial plans and proper recommendations. Never oversell and only sold appropriate plans fit for timelinr and budget.

I was also like OP who earned less than 1k a month, struggling month to month.

Covid period helped a bit since all video calls I can save on transport on food. At home just need bread.
But what hurts most was when my prospects took my financial plan, went to shop for other policies with prettier agents who also can spend time with them at dinner, drinks etc which I just could not afford.


I made a leap of faith and jumped into banking. It was so much a breath of fresh air.
Yes, sales targets are pressurising. But if you walked my path in insurance, this is a wild piece of cake.

Because people don't have impression of bankers like they so for insurance agents. You don't need to sell the idea of a loan like you do for a critical illness plan. People always like to take loans. Apply credit cards etc. No one likes to think about critical illness..

Every day its a high target but I am so so thankful for this leap. I'm making a decent 7k a month with my comms and base, I'm quite happy where I am now
I'm at a crossroad now. Would really like to speak to you to understand more in the banking industry, not sure how can I reach out to you?
01-08-2022 12:14 AM
Unregistered Wait they how are there so many rich insurance agents flexing their cars on insta and LinkedIn with promises of $$, flexible work hours and ovs travelling benefits etc.
31-07-2022 05:28 PM
Unregistered Am from insurance too. Two years in, I found it so hard to sell because I'm not a salesy person. I do up all the financial plans and proper recommendations. Never oversell and only sold appropriate plans fit for timelinr and budget.

I was also like OP who earned less than 1k a month, struggling month to month.

Covid period helped a bit since all video calls I can save on transport on food. At home just need bread.
But what hurts most was when my prospects took my financial plan, went to shop for other policies with prettier agents who also can spend time with them at dinner, drinks etc which I just could not afford.


I made a leap of faith and jumped into banking. It was so much a breath of fresh air.
Yes, sales targets are pressurising. But if you walked my path in insurance, this is a wild piece of cake.

Because people don't have impression of bankers like they so for insurance agents. You don't need to sell the idea of a loan like you do for a critical illness plan. People always like to take loans. Apply credit cards etc. No one likes to think about critical illness..

Every day its a high target but I am so so thankful for this leap. I'm making a decent 7k a month with my comms and base, I'm quite happy where I am now
04-04-2022 11:50 AM
Unregistered if wanna go into innsurance line , a good ethical management is important
04-04-2022 11:46 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
same situation, except i was "pleasurised" into signing with them
me too, kena pleasured into pressurizing myself hehe
04-04-2022 10:20 AM
Unregistered
I need honest advice. Jump to banking or stick in insurance

Ex banker in consumer banking sales line here. This industry is not for the faint hearted. Its going to be an endless journey where you will run like a hamster on the wheel for 3 quarters and probably slow down on the last quarter before the cycle starts again. To survive and climb fast, you will need to commit a lot of hours and energy, including weekends. In general its a young man's game or for people with no parenting commitment for their kids. If you aspire to settle down and have kids it may not work so well for you. Having said so there are still some outliers but those only apply to just a handful. If you have the innate ability (e.g. charm, looks) it will definitely be a lot easier for you to hit your target. In wealth sales, the secret is to hang on in your team as long as possible since its gonna be a last man standing game. The rest goes, you take over the portfolio of clients or the better clients.

Should you still decide to enter, I would advise joining mortgage sales departments since clients will still need to reach out to bankers and the power skew is in favour of the banker, and its less disrupted by fintech platforms.
04-04-2022 12:15 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
i remembered having an interview with the manager himself. He together with his colleague tried to "pressurize" me into signing with them under their department. Even ask me to fill in while the zoom share screen is ongoing.
I've had multiple banks calling me up to offer the similar insurance role but never as pressurizing and aggressive as the one i mentioned above.
same situation, except i was "pleasurised" into signing with them
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