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INSURANCE / SALARY
Average Salary - Insurance / Malaysia MALAYSIA


SALARY SURVEYS

117

UPDATED
April 2024
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AVERAGE SALARY / YEAR MOST TYPICAL SALARY / YEAR
Gross income
Net (after tax)

4.6 MYR = 1 USD

130,686 MYR

$28,441 USD
Kuala Lumpur

130,429 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 130,686 MYR per year. The most typical earning is 78,115 MYR. All data are based on 117 salary surveys. Salaries are different between men and women. Men receive an average salary of 134,633 MYR. Women receive a salary of 123,146 MYR.

Based on education, the highest salaries receive people with Bachelors Degree with salary of 135,552 MYR. The second most paid education level is Bellow H. School with salary of 133,714 MYR.

Different experiences affect earning as well. People with 16-20 Years of experience receive salary of 290,404 MYR. Employees with 20+ Years of experience receive 209,991 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
14 100%
11.97%
46,000 MYR - 68,899 MYR
20 88.03%
17.09%
THE MOST TYPICAL SALARY
68,900 MYR - 91,899 MYR
26 70.94%
22.22%
91,900 MYR - 114,899 MYR
10 48.72%
8.55%
114,900 MYR - 137,799 MYR
8 40.17%
6.84%
137,900 MYR - 160,799 MYR
10 33.33%
8.55%
160,800 MYR - 183,799 MYR
7 24.79%
5.98%
183,800 MYR - 206,799 MYR
7 18.8%
5.98%
206,800 MYR - 229,699 MYR
1 12.82%
0.85%
229,800 MYR - 252,699 MYR
1 11.97%
0.85%
252,700 MYR - 275,699 MYR
2 11.11%
1.71%
275,700 MYR - 298,699 MYR
4 9.4%
3.42%
298,700 MYR - 321,599 MYR
1 5.98%
0.85%
321,700 MYR - 344,599 MYR
1 5.13%
0.85%
344,600 MYR - 367,599 MYR
2 4.27%
1.71%
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
1 2.56%
0.85%
505,500 MYR - 528,399 MYR
0 n/a
528,400 MYR - 551,399 MYR
1 1.71%
0.85%
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
1 0.85%
0.85%
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
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Gender / Insurance / Malaysia (Gross MYR)

# Surveys AVERAGE SALARY / YEAR
1 Men 63 134,633 MYR
2 Women 37 123,146 MYR

Education / Insurance / Malaysia (Gross MYR)

# Surveys AVERAGE SALARY / YEAR
1 Bachelors Degree 87 135,552 MYR
2 Bellow H. School 2 133,714 MYR
3 Masters Degree 16 129,119 MYR
4 Some College 10 107,063 MYR
5 High School 2 45,950 MYR

Experience / Insurance / Malaysia (Gross MYR)

# Surveys AVERAGE SALARY / YEAR
1 16-20 Years 8 290,404 MYR
2 20+ Years 5 209,991 MYR
3 8-12 Years 17 164,960 MYR
4 12-16 Years 12 139,688 MYR
5 4-8 Years 30 137,850 MYR
6 2-4 Years 16 96,495 MYR
7 1-2 Years 10 63,870 MYR
8 0-1 Year 19 58,816 MYR

Age / Insurance / Malaysia (Gross MYR)

# Surveys AVERAGE SALARY / YEAR
1 46-50 2 604,243 MYR
2 41-45 7 191,611 MYR
3 56-60 1 187,016 MYR
4 31-35 17 161,744 MYR
5 36-40 18 161,284 MYR
6 n/a 17 132,336 MYR
7 26-30 26 107,063 MYR
8 21-25 27 65,708 MYR
9 14-20 2 49,166 MYR

Work Type / Insurance / Malaysia (Gross MYR)

# Surveys AVERAGE SALARY / YEAR
1 Self Employed 10 162,203 MYR
2 Permanent 100 130,957 MYR
3 Contract 5 87,305 MYR
4 Part Time 2 67,087 MYR

Cities / Insurance / Malaysia (Gross MYR)

# Surveys AVERAGE SALARY / YEAR
1 Subang Jaya 1 300,972 MYR
2 Ampang Jaya 2 289,485 MYR
3 Seremban 2 138,769 MYR
4 Kuala Lumpur 95 130,498 MYR
5 Petaling Jaya 4 127,281 MYR
6 --Other-- 5 118,551 MYR
7 Ipoh 3 100,630 MYR
8 Klang 1 90,981 MYR
9 Kota Kinabalu 2 66,627 MYR
10 Shah Alam 2 57,437 MYR

Careers / Insurance / Malaysia (Gross MYR)

# Surveys AVERAGE SALARY / YEAR
1 Risk Management Insurance 6 199,882 MYR
2 General Insurance 16 192,071 MYR
3 Insurance Sales 5 190,692 MYR
4 Commercial Insurance 1 184,719 MYR
5 Insurance Agent 7 153,932 MYR
6 Life Insurance 21 127,741 MYR
7 Insurance Adjuster 2 115,334 MYR
8 Insurance Broker 6 110,739 MYR
9 Other Insurance Career 19 110,280 MYR
10 Insurance Underwriter 9 101,090 MYR
11 Insurance 18 93,278 MYR
12 Health Insurance 3 84,548 MYR
13 Marketing Associate Insurance 4 72,141 MYR

People's individual salary examples (surveys)

Project Analyst
Posted 20 July 2022
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 2-4 Years Intermediate 57,600 MYR

Manager
Posted 05 April 2022
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 8-12 Years Advanced 131,800 MYR

Assistant Manager
Posted 26 March 2022
City Education Experience Knowledge Gross salary / year
Ipoh Bachelors Degree 4-8 Years Intermediate 88,300 MYR

Architect
Posted 11 March 2022
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 16-20 Years Intermediate 340,400 MYR

Broking Exectuive
Posted 26 September 2021
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 0-1 Year Basic 41,100 MYR

Financial Advisor
Posted 23 September 2021
City Education Experience Knowledge Gross salary / year
--Other-- Bachelors Degree 0-1 Year Intermediate 34,200 MYR

Career Agent
Posted 28 June 2021
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 12-16 Years Advanced 285,100 MYR

Executive
Posted 06 February 2021
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 2-4 Years n/a 71,100 MYR

Company Secretary
Posted 17 January 2021
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 12-16 Years n/a 197,500 MYR

Customer Service Executive
Posted 07 January 2021
City Education Experience Knowledge Gross salary / year
Shah Alam Bachelors Degree 2-4 Years n/a 40,600 MYR

Internal Auditor
Posted 03 January 2021
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
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
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 8-12 Years n/a 89,200 MYR

Hr Manager
Posted 21 November 2020
City Education Experience Knowledge Gross salary / year
--Other-- Some College 12-16 Years n/a 93,600 MYR

Business Development Executive
Posted 04 November 2020
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Some College 2-4 Years n/a 50,200 MYR

Actuarial
Posted 21 September 2020
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 0-1 Year n/a 53,500 MYR

Life Planner
Posted 17 July 2020
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 4-8 Years n/a 66,900 MYR

Actuary
Posted 06 May 2020
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 0-1 Year n/a 37,900 MYR

Business Development
Posted 16 April 2020
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 2-4 Years n/a 77,700 MYR

Training Manager
Posted 29 March 2020
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Some College 8-12 Years n/a 200,600 MYR

Manager
Posted 04 March 2020
City Education Experience Knowledge Gross salary / year
Subang Jaya Bachelors Degree 4-8 Years n/a 300,900 MYR

Business Process Specialist
Posted 23 December 2019
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 0-1 Year n/a 35,100 MYR

Manager
Posted 29 September 2019
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 8-12 Years n/a 101,200 MYR

Sales Trainer
Posted 17 September 2019
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 8-12 Years n/a 202,400 MYR

Director Of Agency
Posted 22 July 2019
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 12-16 Years n/a 101,200 MYR

Actuarial Analyst
Posted 19 July 2019
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 0-1 Year n/a 47,200 MYR

Senior System Analyst
Posted 12 July 2019
City Education Experience Knowledge Gross salary / year
Petaling Jaya Masters Degree 8-12 Years n/a 146,200 MYR

Insurance Agent
Posted 01 July 2019
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Masters Degree 1-2 Years n/a 40,500 MYR

Actuarial Analyst
Posted 20 June 2019
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Masters Degree 1-2 Years n/a 80,400 MYR

Actuarial Manager
Posted 17 June 2019
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 4-8 Years n/a 148,400 MYR

Assistant Agency Director
Posted 26 May 2019
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 2-4 Years n/a 56,200 MYR

Claims
Posted 23 May 2019
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Some College 12-16 Years n/a 60,200 MYR

Assistant Manager Actuarial
Posted 10 May 2019
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Masters Degree 4-8 Years n/a 88,800 MYR

Reinsurance
Posted 16 January 2019
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 12-16 Years n/a 131,600 MYR

Executive
Posted 01 November 2018
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 4-8 Years n/a 47,000 MYR

Business Development
Posted 23 October 2018
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Masters Degree 8-12 Years n/a 114,500 MYR

Head Retail Sales And Commercial Business
Posted 22 October 2018
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Masters Degree 12-16 Years n/a 150,300 MYR

General Manager
Posted 04 October 2018
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 16-20 Years n/a 347,500 MYR

Senior Manager
Posted 15 September 2018
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Masters Degree 4-8 Years n/a 293,500 MYR

Senior Account Manager
Posted 07 June 2018
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Masters Degree 8-12 Years n/a 184,900 MYR

Business Manager
Posted 06 June 2018
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 8-12 Years n/a 115,100 MYR

Senior Executive Business Development
Posted 21 April 2018
City Education Experience Knowledge Gross salary / year
--Other-- Bellow H. School 16-20 Years n/a 119,100 MYR

Client Services Manager
Posted 18 April 2018
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 4-8 Years n/a 98,600 MYR

Digital Optimisation Manager
Posted 11 March 2018
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 4-8 Years n/a 73,300 MYR

Junior
Posted 23 January 2018
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 16-20 Years n/a 82,200 MYR

Actuarial Officer
Posted 06 November 2017
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 0-1 Year n/a 62,300 MYR

Reinsurance Broker
Posted 22 September 2017
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 4-8 Years n/a 166,100 MYR

Customer Analytics
Posted 16 September 2017
City Education Experience Knowledge Gross salary / year
Kuala Lumpur Bachelors Degree 4-8 Years n/a 77,800 MYR

Agent
Posted 05 September 2017
City Education Experience Knowledge Gross salary / year
Kota Kinabalu Bachelors Degree 2-4 Years n/a 83,000 MYR


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