INSURANCE SALARY IN MALAYSIA

Malaysia   Malaysia  • Change Location

Average gross salary for Insurance GROSS SALARY
MYR 98,359
Average gorss salary (USD) for Insurance GROSS SALARY (USD)
US$ 28,517
Average net salary for Insurance NET SALARY
MYR 76,673
The most typical salary for Insurance MOST TYPICAL GROSS
MYR 54,316
  Updated: 21 Sep 2020   Diff. gross vs. net: 22%
  Salary entries: 99

Average salary for Insurance in Malaysia is MYR 98,359.

Average take home earning is MYR 76,673 (Net).

The most typical salary is MYR 54,316 (Gross).

If you are an employer this page can help you with the decision how much to pay employees.

The main purpose of the site is to help you increase your salary! If you want to increase your salary you need to investigate and find out how much other people with similar careers, experience, education, and knowledge can earn. Then set goals for better salary and strive to achieve it!

"What gets measured gets improved."
-Peter Drucker


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Percentage of people Earn this salary or more
8 % MYR 230,000
11 % MYR 189,666
34 % MYR 121,735
88 % MYR 54,316
99 % MYR 28,454
100 % MYR 16,000
Career Avg. gross salary (USD) Salary entries
Life Insurance MYR 91,710 US$ 27,235 19
General Insurance MYR 137,344 US$ 39,431 15
Insurance MYR 76,692 US$ 22,736 13
Insurance Underwriter MYR 75,291 US$ 22,443 08
Insurance Agent MYR 112,857 US$ 33,477 07
Risk Management Insurance MYR 135,066 US$ 43,461 06
Insurance Broker MYR 95,120 US$ 25,877 05
Insurance Sales MYR 152,666 US$ 37,405 03
Marketing Associate Insurance MYR 66,236 US$ 17,129 03
Insurance Adjuster MYR 85,000 US$ 24,887 02
City Avg. gross salary (USD) Salary entries
Kuala Lumpur MYR 95,981 US$ 27,754 81
Petaling Jaya MYR 96,500 US$ 27,837 04
Ampang Jaya MYR 192,000 US$ 63,029 02
Seremban MYR 93,000 US$ 30,179 02
Ipoh MYR 75,000 US$ 23,185 02
Kota Kinabalu MYR 62,800 US$ 14,522 02
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  SALARY BY LEVEL   INSURANCE   MALAYSIA

Malaysia •  Change Location

Salary levels Avg. gross salary (USD) Avg. gross salary   Salary entries
More US$ 202,796 MYR 673,000
01
115K US$ 118,826 MYR 360,000
01
105K US$ 108,479 MYR 360,000
01
75K US$ 75,333 MYR 250,000
01
65K US$ 62,057 MYR 230,000
04
55K US$ 55,835 MYR 189,666
03
45K US$ 43,338 MYR 147,533
06
35K US$ 35,627 MYR 121,735
17
25K US$ 24,443 MYR 83,856
15
15K US$ 15,104 MYR 54,316
38
8K US$ 8,352 MYR 28,454
11
4K US$ 3,850 MYR 16,000
01

  SALARY BY GENDER   INSURANCE   MALAYSIA

Malaysia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Men US$ 30,043 MYR 104,011 50
Women US$ 25,977 MYR 95,420 32
N/A US$ 28,808 MYR 87,267 17

  SALARY BY EDUCATION   INSURANCE   MALAYSIA

Malaysia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Masters Degree US$ 27,963 MYR 102,054 14
Bachelors Degree US$ 29,837 MYR 101,652 72
Some College US$ 22,870 MYR 80,064 09
High School US$ 9,975 MYR 33,900 02
Bellow H. School US$ 28,812 MYR 100,719 02

Insurance workers holding Bachelors Degree degrees enjoy the highest average gross salaries in Malaysia. With an earned Bachelors Degree, they grosses MYR 101,652. While Insurance workers with High School education earn the least, with an average gross income of MYR 33,900. This is 199.12% lower of what Bachelors Degree degree holders earn.


  SALARY BY EXPERIENCE   INSURANCE   MALAYSIA

Malaysia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
20+ Years US$ 45,743 MYR 148,200 05
16-20 Years US$ 59,111 MYR 199,073 06
12-16 Years US$ 25,995 MYR 90,774 08
8-12 Years US$ 38,429 MYR 137,050 14
4-8 Years US$ 32,091 MYR 112,476 26
2-4 Years US$ 24,065 MYR 81,972 12
1-2 Years US$ 13,032 MYR 43,724 11
0-1 Year US$ 13,371 MYR 45,188 17

Insurance workers in Malaysia with more years of work experience outperform their counterparts with less experience. Workers with 16-20 Years of experience earn a gross average of MYR 199,073 compared to MYR 43,724 for their counterparts with 1-2 Years of experience. The difference between workers with 16-20 Years of experience and 1-2 Years is 353.58%.


  SALARY BY AGE   INSURANCE   MALAYSIA

Malaysia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
51-56 US$ 40,693 MYR 126,000 01
45-50 US$ 105,767 MYR 351,000 03
39-44 US$ 38,216 MYR 126,949 08
33-38 US$ 33,099 MYR 125,471 16
27-32 US$ 29,280 MYR 106,558 25
22-26 US$ 12,991 MYR 44,953 23
16-21 US$ 18,226 MYR 59,000 06
N/A US$ 28,808 MYR 87,267 17
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  SALARY BY CAREER   INSURANCE   MALAYSIA

Malaysia •  Change Location

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Risk Management Insurance US$ 43,461 MYR 135,066 06
2. General Insurance US$ 39,431 MYR 137,344 15
3. Commercial Insurance US$ 39,326 MYR 157,500 01
4. Insurance Sales US$ 37,405 MYR 152,666 03
5. Insurance Agent US$ 33,477 MYR 112,857 07
6. Life Insurance US$ 27,235 MYR 91,710 19
7. Insurance Broker US$ 25,877 MYR 95,120 05
8. Insurance Adjuster US$ 24,887 MYR 85,000 02
9. Health Insurance US$ 23,105 MYR 70,000 02
10. Insurance US$ 22,736 MYR 76,692 13
11. Insurance Underwriter US$ 22,443 MYR 75,291 08
12. Other Insurance Career US$ 21,047 MYR 75,690 15
13. Marketing Associate Insurance US$ 17,129 MYR 66,236 03

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In Malaysia economy, Risk Management Insurance is on the top list of highest earners, earning an average gross salary of MYR 135,066. General Insurance and Commercial Insurance follow, earning MYR 137,344 and MYR 157,500, respectively. Marketing Associate Insurance earn a gross annual average of MYR 66,236, while Other Insurance Career earn MYR 75,690. The gap between the lowest and the highest paid careers is 153.73%.


  SALARY BY JOB TYPE   INSURANCE   MALAYSIA

Malaysia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Permanent US$ 28,801 MYR 98,203 84
Contract US$ 21,028 MYR 82,625 04
Self Employed US$ 32,288 MYR 117,555 09
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. Ampang Jaya Insurance in Ampang Jaya US$ 63,029 MYR 192,000 02
2. Seremban Insurance in Seremban US$ 30,179 MYR 93,000 02
3. Petaling Jaya Insurance in Petaling Jaya US$ 27,837 MYR 96,500 04
4. Kuala Lumpur Insurance in Kuala Lumpur US$ 27,754 MYR 95,981 81
5. Ipoh Insurance in Ipoh US$ 23,185 MYR 75,000 02
6. Kota Kinabalu Insurance in Kota Kinabalu US$ 14,522 MYR 62,800 02

Show all cities »


  SALARY BY COUNTRY    INSURANCE

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Germany Germany Insurance in Germany US$ 101,681 EUR 80,818 11
2. Australia Australia Insurance in Australia US$ 95,404 AU$ 110,822 35
3. United Kingdom United Kingdom Insurance in United Kingdom US$ 85,350 GBP 57,465 54
4. United States United States Insurance US$ 76,428 US$ 76,428 417
5. China China Insurance in China US$ 34,892 CNY 225,363 11
6. Indonesia Indonesia Insurance in Indonesia US$ 30,033 IDR 372,091,840 22
7. Malaysia Malaysia US$ 28,517 MYR 98,359 99
8. Vietnam Vietnam Insurance in Vietnam US$ 19,990 VND 434,130,000 10

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(30/30)  ACTUARIAL


 Posted: 21 Sep 2020

Bachelors Degree, 0-1 year: "Society of Actuaries certification."
Individual GROSS salary:
MYR 48,000
US$ 11,604


(29/30)  LIFE PLANNER


 Posted: 17 Jul 2020

Bachelors Degree, 4-8 years: "Nutrition and Dietetics, public speaking, product development, financial student."
Individual GROSS salary:
MYR 60,000
US$ 14,505


(28/30)  ACTUARY


 Posted: 06 May 2020

Bachelors Degree, 0-1 year: "Statistics, probability, computer science."
Individual GROSS salary:
MYR 34,000
US$ 8,220


(27/30)  BUSINESS DEVELOPMENT


 Posted: 16 Apr 2020

Bachelors Degree, 2-4 years: "Certified Financial Planner."
Individual GROSS salary:
MYR 69,710
US$ 16,852


(26/30)  TRAINING MANAGER


 Posted: 29 Mar 2020

Some College, 8-12 years: "Conduct training, design training modules."
Individual GROSS salary:
MYR 180,000
US$ 43,515


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(25/30)  MANAGER


 Posted: 04 Mar 2020

Bachelors Degree, 4-8 years: "Good PR skills, good in manderine and english."
Individual GROSS salary:
MYR 270,000
US$ 65,273


(24/30)  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


(23/30)  MANAGER


 Posted: 29 Sep 2019

Bachelors Degree, 8-12 years: "Fully in charge on the insurance division."
Individual GROSS salary:
MYR 90,000
US$ 22,472


(22/30)  SALES TRAINER


 Posted: 17 Sep 2019

Bachelors Degree, 8-12 years: "Conduct training for sales agents."
Individual GROSS salary:
MYR 180,000
US$ 44,944


(21/30)  DIRECTOR OF AGENCY


 Posted: 22 Jul 2019

Bachelors Degree, 12-16 years: "Support agents sales, provide training, recruitment."
Individual GROSS salary:
MYR 90,000
US$ 22,472


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(20/30)  ACTUARIAL ANALYST


 Posted: 19 Jul 2019

Bachelors Degree, 0-1 year: "Actuarial valuation, pricing."
Individual GROSS salary:
MYR 42,000
US$ 10,487


(19/30)  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


(18/30)  INSURANCE AGENT


 Posted: 01 Jul 2019

Masters Degree, 1-2 years: "Sell product, medical card, service, house loan."
Individual GROSS salary:
MYR 36,000
US$ 8,989


(17/30)  ACTUARIAL ANALYST


 Posted: 20 Jun 2019

Masters Degree, 1-2 years: "Prepare reinsurance quotation for client."
Individual GROSS salary:
MYR 71,500
US$ 17,853


(16/30)  ACTUARIAL MANAGER


 Posted: 17 Jun 2019

Bachelors Degree, 4-8 years: "Valuation in GI companies."
Individual GROSS salary:
MYR 132,000
US$ 32,959


(15/30)  ASSISTANT AGENCY DIRECTOR


 Posted: 26 May 2019

Bachelors Degree, 2-4 years: "Business Development in area of production and recruitment."
Individual GROSS salary:
MYR 50,000
US$ 12,485


(14/30)  CLAIMS


 Posted: 23 May 2019

Some College, 12-16 years: "Handling motor claims."
Individual GROSS salary:
MYR 53,580
US$ 13,378


(13/30)  ASSISTANT MANAGER ACTUARIAL


 Posted: 10 May 2019

Masters Degree, 4-8 years: "Product Pricing."
Individual GROSS salary:
MYR 79,000
US$ 19,726


(12/30)  REINSURANCE


 Posted: 16 Jan 2019

Bachelors Degree, 12-16 years: "Facultative Reinsurance Outward."
Individual GROSS salary:
MYR 117,016
US$ 29,218


(11/30)  SENIOR MANAGER


 Posted: 15 Sep 2018

Masters Degree, 4-8 years: "Oversee tasks related to financials and management of a team."
Individual GROSS salary:
MYR 250,000
US$ 62,423


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(10/30)  SENIOR ACCOUNT MANAGER


 Posted: 07 Jun 2018

Masters Degree, 8-12 years: "Account management."
Individual GROSS salary:
MYR 157,500
US$ 39,326


(9/30)  BUSINESS MANAGER


 Posted: 06 Jun 2018

Bachelors Degree, 8-12 years: "Sales and marketing."
Individual GROSS salary:
MYR 98,000
US$ 24,470


(8/30)  SENIOR EXECUTIVE BUSINESS DEVELOPMENT


 Posted: 21 Apr 2018

Bellow H. School, 16-20 years: "Recruiting,servicing,develop sakes & business."
Individual GROSS salary:
MYR 101,438
US$ 25,328


(7/30)  CLIENT SERVICES MANAGER


 Posted: 18 Apr 2018

Bachelors Degree, 4-8 years: "Consultant, marketing, digital strategy."
Individual GROSS salary:
MYR 84,000
US$ 20,974


(6/30)  DIGITAL OPTIMISATION MANAGER


 Posted: 11 Mar 2018

Bachelors Degree, 4-8 years: "Manage e-commerce travel insurance sales and to use optimisation and marketing to increase sales."
Individual GROSS salary:
MYR 62,400
US$ 15,581


(5/30)  JUNIOR


 Posted: 23 Jan 2018

Bachelors Degree, 16-20 years: "Property adjuster specializing in liability and property claims. 5 days workday with flexible hours."
Individual GROSS salary:
MYR 70,000
US$ 17,478


(4/30)  ACTUARIAL OFFICER


 Posted: 06 Nov 2017

Bachelors Degree, 0-1 year: "Do Actuarial Valuation on different Schemes."
Individual GROSS salary:
MYR 60,000
US$ 13,553


(3/30)  REINSURANCE BROKER


 Posted: 22 Sep 2017

Bachelors Degree, 4-8 years: "Develops Reinsurance strategy for insurance companies."
Individual GROSS salary:
MYR 160,000
US$ 36,142


(2/30)  CUSTOMER ANALYTICS


 Posted: 16 Sep 2017

Bachelors Degree, 4-8 years: "Analyse customer profile, data mining, explore opportunity for cross sell/up sell."
Individual GROSS salary:
MYR 75,000
US$ 16,941


(1/30)  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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