INSURANCE SALARY IN MALAYSIA

Malaysia   Malaysia  • Change Location

Average gross salary for Insurance GROSS SALARY
MYR 76,692
Average gorss salary (USD) for Insurance GROSS SALARY (USD)
US$ 22,736
Average net salary for Insurance NET SALARY
MYR 63,215
The most typical salary for Insurance MOST TYPICAL GROSS
MYR 54,000
  Updated: 23 Dec 2019   Diff. gross vs. net: 17%
  Salary entries: 13

Insurance Earnings in Malaysia

Average salary for Insurance in Malaysia is MYR 76,692.

Average take home earning is MYR 63,215 (Net).

The most typical salary is MYR 54,000 (Gross).

These data are from our visitors surveys (13 individual salaries).

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Percentage of people Earn this salary or more
8 % MYR 200,000
31 % MYR 123,333
85 % MYR 54,000
100 % MYR 24,500
City Avg. gross salary (USD) Salary entries
Kuala Lumpur MYR 76,333 US$ 23,869 09
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  SALARY BY LEVEL   INSURANCE   MALAYSIA

Malaysia •  Change Location

Salary levels Avg. gross salary (USD) Avg. gross salary   Salary entries
65K US$ 60,266 MYR 200,000
01
35K US$ 37,004 MYR 123,333
03
15K US$ 15,804 MYR 54,000
07
8K US$ 6,833 MYR 24,500
02

  SALARY BY GENDER   INSURANCE   MALAYSIA

Malaysia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Men US$ 28,098 MYR 94,525 08
Women US$ 17,110 MYR 65,000 02
N/A US$ 12,191 MYR 36,933 03

  SALARY BY EDUCATION   INSURANCE   MALAYSIA

Malaysia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Masters Degree US$ 46,363 MYR 165,000 02
Bachelors Degree US$ 20,791 MYR 68,025 08
Some College US$ 16,573 MYR 55,000 01
High School US$ 9,975 MYR 33,900 02

Insurance workers holding Masters Degree degrees enjoy the highest average gross salaries in Malaysia. With an earned Masters Degree, they grosses MYR 165,000. While Insurance workers with High School education earn the least, with an average gross income of MYR 33,900. This is 364.79% lower of what Masters Degree degree holders earn.


  SALARY BY EXPERIENCE   INSURANCE   MALAYSIA

Malaysia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
20+ Years US$ 60,266 MYR 200,000 01
12-16 Years US$ 29,801 MYR 90,000 02
8-12 Years US$ 32,460 MYR 130,000 01
4-8 Years US$ 16,573 MYR 55,000 01
2-4 Years US$ 11,973 MYR 48,900 02
1-2 Years US$ 14,074 MYR 50,000 01
0-1 Year US$ 17,731 MYR 56,840 05

Insurance workers in Malaysia with more years of work experience outperform their counterparts with less experience. Workers with 20+ Years of experience earn a gross average of MYR 200,000 compared to MYR 48,900 for their counterparts with 2-4 Years of experience. The difference between workers with 20+ Years of experience and 2-4 Years is 403.35%.


  SALARY BY AGE   INSURANCE   MALAYSIA

Malaysia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
45-50 US$ 60,266 MYR 200,000 01
39-44 US$ 39,797 MYR 120,000 01
33-38 US$ 32,460 MYR 130,000 01
27-32 US$ 18,071 MYR 80,000 01
22-26 US$ 12,182 MYR 43,100 02
16-21 US$ 21,011 MYR 67,500 04
N/A US$ 12,191 MYR 36,933 03
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  SALARY BY JOB TYPE   INSURANCE   MALAYSIA

Malaysia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Permanent US$ 23,989 MYR 76,333 09
Contract US$ 32,460 MYR 130,000 01
Self Employed US$ 18,071 MYR 80,000 01
Part Time US$ 14,570 MYR 50,000 02
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  SALARY BY CITY   INSURANCE   MALAYSIA

Malaysia •  Change Location

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Kuala Lumpur Insurance in Kuala Lumpur US$ 23,869 MYR 76,333 09

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  SALARY BY COUNTRY    INSURANCE

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. United Kingdom United Kingdom Insurance in United Kingdom US$ 76,196 GBP 55,468 11
2. United States United States Insurance US$ 75,700 US$ 75,700 53
3. Australia Australia Insurance in Australia US$ 69,105 AU$ 76,117 09
4. Malaysia Malaysia US$ 22,736 MYR 76,692 13
5. China China Insurance in China US$ 16,248 CNY 105,200 05

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(3/3)  BUSINESS PROCESS SPECIALIST


 Posted: 23 Dec 2019

Bachelors Degree, 0-1 year: "• 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."
Individual GROSS salary:
MYR 31,200
US$ 7,790


(2/3)  SENIOR SYSTEM ANALYST


 Posted: 12 Jul 2019

Masters Degree, 8-12 years: "HAVE 12 YEARS OF EXPERIENCE IN ORACLE SQL,PL/SQL AND FORMS AND REPORTS."
Individual GROSS salary:
MYR 130,000
US$ 32,460


(1/3)  AGENT


 Posted: 05 Sep 2017

Bachelors Degree, 2-4 years: "Do sales to achieve yearly target. Door by door Telemarketing."
Individual GROSS salary:
MYR 80,000
US$ 18,071


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