INSURANCE / SALARY
MALAYSIA

SALARY SURVEYS

18

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

4.6 MYR = 1 USD

93,416 MYR

$20,330 USD

Kuala Lumpur

98,406 MYR

78,115 MYR

$17,000 USD

Including "Kuala Lumpur"

Excluding "Kuala Lumpur"

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Average Salary / Insurance / Malaysia

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Average salary for Insurance / Malaysia is 93,416 MYR per year. The most typical earning is 78,115 MYR. All data are based on 18 salary surveys. Salaries are different between men and women. Men receive an average salary of 104,306 MYR. Women receive a salary of 78,574 MYR.

Based on education, the highest salaries receive people with Masters Degree with salary of 211,370 MYR. The second most paid education level is Bachelors Degree with salary of 84,088 MYR.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 277,078 MYR. Employees with 12-16 Years of experience receive 136,931 MYR.

Levels / Insurance / Malaysia (Gross MYR)

Salary Levels (MYR) per Year	Surveys	[%]
13,800 MYR - 22,999 MYR	0	n/a
23,000 MYR - 45,899 MYR	3	100% 16.67%
46,000 MYR - 68,899 MYR	3	83.33% 16.67%
THE MOST TYPICAL SALARY
68,900 MYR - 91,899 MYR	8	66.67% 44.44%
91,900 MYR - 114,899 MYR	0	n/a
114,900 MYR - 137,799 MYR	0	n/a
137,900 MYR - 160,799 MYR	1	22.22% 5.56%
160,800 MYR - 183,799 MYR	2	16.67% 11.11%
183,800 MYR - 206,799 MYR	0	n/a
206,800 MYR - 229,699 MYR	0	n/a
229,800 MYR - 252,699 MYR	0	n/a
252,700 MYR - 275,699 MYR	0	n/a
275,700 MYR - 298,699 MYR	1	5.56% 5.56%
298,700 MYR - 321,599 MYR	0	n/a
321,700 MYR - 344,599 MYR	0	n/a
344,600 MYR - 367,599 MYR	0	n/a
367,600 MYR - 390,599 MYR	0	n/a
390,600 MYR - 413,499 MYR	0	n/a
413,600 MYR - 436,499 MYR	0	n/a
436,500 MYR - 459,499 MYR	0	n/a
459,500 MYR - 482,499 MYR	0	n/a
482,500 MYR - 505,399 MYR	0	n/a
505,500 MYR - 528,399 MYR	0	n/a
528,400 MYR - 551,399 MYR	0	n/a
551,400 MYR - 574,399 MYR	0	n/a
574,400 MYR - 597,299 MYR	0	n/a
597,400 MYR - 620,299 MYR	0	n/a
620,300 MYR - 643,299 MYR	0	n/a
643,300 MYR - 666,299 MYR	0	n/a
666,300 MYR - 689,199 MYR	0	n/a
HIGH SALARIES
689,300 MYR - 735,199 MYR	0	n/a
735,200 MYR - 781,099 MYR	0	n/a
781,200 MYR - 827,099 MYR	0	n/a
827,100 MYR - 872,999 MYR	0	n/a
873,100 MYR - 918,999 MYR	0	n/a
919,000 MYR - 964,899 MYR	0	n/a
965,000 MYR - 1,010,899 MYR	0	n/a
1,010,900 MYR - 1,056,799 MYR	0	n/a
1,056,900 MYR - 1,102,799 MYR	0	n/a
1,102,800 MYR - 1,148,699 MYR	0	n/a
1,148,800 MYR - 1,608,299 MYR	0	n/a

Gender / Insurance / Malaysia (Gross MYR)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	13	104,306 MYR
2	Women	2	78,574 MYR

Education / Insurance / Malaysia (Gross MYR)

#		Surveys
1	Masters Degree	2	211,370 MYR
2	Bachelors Degree	13	84,088 MYR
3	Some College	1	76,277 MYR
4	High School	2	45,950 MYR

Experience / Insurance / Malaysia (Gross MYR)

#		Surveys
1	20+ Years	1	277,078 MYR
2	12-16 Years	2	136,931 MYR
3	8-12 Years	2	117,632 MYR
4	0-1 Year	6	73,520 MYR
5	4-8 Years	4	69,844 MYR
6	1-2 Years	1	64,789 MYR
7	2-4 Years	2	55,140 MYR

Age / Insurance / Malaysia (Gross MYR)

#		Surveys
1	46-50	1	277,078 MYR
2	31-35	1	146,121 MYR
3	36-40	4	107,063 MYR
4	21-25	6	77,655 MYR
5	26-30	2	64,789 MYR
6	14-20	1	64,789 MYR
7	n/a	3	56,059 MYR

Work Type / Insurance / Malaysia (Gross MYR)

#		Surveys
1	Contract	1	146,121 MYR
2	Permanent	14	94,197 MYR
3	Self Employed	1	83,169 MYR
4	Part Time	2	67,087 MYR

Cities / Insurance / Malaysia (Gross MYR)

#		Surveys
1	Petaling Jaya	1	146,121 MYR
2	Kuala Lumpur	13	98,333 MYR
3	Kota Kinabalu	1	83,169 MYR
4	Shah Alam	1	73,979 MYR
5	Ipoh	1	64,789 MYR
6	--Other--	1	34,003 MYR

People's individual salary examples (surveys)

Financial Advisor

Posted 23 September 2021
Key knowledge and tasks

"Financial."

City	Education	Experience	Knowledge	Gross salary / year
--Other--	Bachelors Degree	0-1 Year	Intermediate	34,200 MYR

Internal Auditor

Posted 03 January 2021
Key knowledge and tasks

"Internal audit, risk management and compliance."

City	Education	Experience	Knowledge	Gross salary / year
Kuala Lumpur	Bachelors Degree	4-8 Years	n/a	78,400 MYR

Internal Auditor

Posted 03 January 2021
Key knowledge and tasks

"Internal audit, risk management and compliance."

City	Education	Experience	Knowledge	Gross salary / year
Kuala Lumpur	Bachelors Degree	4-8 Years	n/a	78,400 MYR

Internal Auditor

Posted 31 December 2020
Key knowledge and tasks

"Conduct internal audit."

City	Education	Experience	Knowledge	Gross salary / year
Kuala Lumpur	Bachelors Degree	8-12 Years	n/a	89,200 MYR

Business Process Specialist

Posted 23 December 2019
Key knowledge and tasks

"• Assessing background information on the client

• Studying insurance proposals

• Calculating the risk

• Deciding how much should be paid out

• Liaising with professionals and specialists to help judge risk assessment

• Selecting appropriate and competitive premiums based on information and judgement

• Writing policies and adding specific conditions when required

• Deciding whether the risk should be shared with a re-insurer."

City	Education	Experience	Knowledge	Gross salary / year
Kuala Lumpur	Bachelors Degree	0-1 Year	n/a	35,100 MYR

Senior System Analyst

Posted 12 July 2019
Key knowledge and tasks

"HAVE 12 YEARS OF EXPERIENCE IN ORACLE SQL, PL/SQL AND FORMS AND REPORTS."

City	Education	Experience	Knowledge	Gross salary / year
Petaling Jaya	Masters Degree	8-12 Years	n/a	146,200 MYR

Executive

Posted 01 November 2018
Key knowledge and tasks

"Client Handling."

City	Education	Experience	Knowledge	Gross salary / year
Kuala Lumpur	Bachelors Degree	4-8 Years	n/a	47,000 MYR

Agent

Posted 05 September 2017
Key knowledge and tasks

"Do sales to achieve yearly target. 
Door by door
Telemarketing."

City	Education	Experience	Knowledge	Gross salary / year
Kota Kinabalu	Bachelors Degree	2-4 Years	n/a	83,000 MYR

INSURANCE / SALARY MALAYSIA

18

93,416 MYR

98,406 MYR

78,115 MYR

Average Salary / Insurance / Malaysia

Levels / Insurance / Malaysia (Gross MYR)

Gender / Insurance / Malaysia (Gross MYR)

Education / Insurance / Malaysia (Gross MYR)

Experience / Insurance / Malaysia (Gross MYR)

Age / Insurance / Malaysia (Gross MYR)

Work Type / Insurance / Malaysia (Gross MYR)

Cities / Insurance / Malaysia (Gross MYR)

People's individual salary examples (surveys)

INSURANCE / SALARY
MALAYSIA