INSURANCE SALARY IN MALAYSIA

Malaysia   Malaysia  • Change Location

Average gross salary for Insurance GROSS SALARY
MYR 95,862
Average gorss salary (USD) for Insurance GROSS SALARY (USD)
US$ 27,603
Average net salary for Insurance NET SALARY
MYR 74,971
The most typical salary for Insurance MOST TYPICAL GROSS
MYR 55,426
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  Updated: 07 Jan 2021   Diff. gross vs. net: 21%
  Salary entries: 106

Average salary for Insurance in Malaysia is MYR 95,862.

Average take home earning is MYR 74,971 (Net).

The most typical salary is MYR 55,426 (Gross).

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Percentage of people Earn this salary or more
8 % MYR 230,000
10 % MYR 189,666
32 % MYR 121,735
87 % MYR 55,426
99 % MYR 29,923
100 % MYR 16,000
Career Avg. gross salary (USD) Salary entries
Life Insurance MYR 91,710 US$ 27,235 19
Insurance MYR 73,875 US$ 21,087 17
General Insurance MYR 137,344 US$ 39,431 15
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
Marketing Associate Insurance MYR 60,927 US$ 15,566 04
Insurance Sales MYR 152,666 US$ 37,405 03
Health Insurance MYR 58,666 US$ 18,304 03
City Avg. gross salary (USD) Salary entries
Kuala Lumpur MYR 93,935 US$ 26,999 86
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
Shah Alam MYR 43,000 US$ 12,426 02
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  SALARY BY LEVEL   INSURANCE   MALAYSIA

Malaysia •  Change Location

Salary levels Avg. gross salary (USD) Avg. gross salary   Salary entries
US$ 202,796 MYR 673,000
01
US$ 118,826 MYR 360,000
01
US$ 108,479 MYR 360,000
01
US$ 75,333 MYR 250,000
01
US$ 62,057 MYR 230,000
04
US$ 55,835 MYR 189,666
03
US$ 43,338 MYR 147,533
06
US$ 35,627 MYR 121,735
17
US$ 24,184 MYR 83,865
16
US$ 15,184 MYR 55,426
42
US$ 8,505 MYR 29,923
13
US$ 3,850 MYR 16,000
01

  SALARY BY GENDER   INSURANCE   MALAYSIA

Malaysia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
US$ 28,505 MYR 99,793 56
US$ 25,454 MYR 93,620 33
US$ 28,808 MYR 87,267 17

  SALARY BY EDUCATION   INSURANCE   MALAYSIA

Malaysia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
US$ 27,963 MYR 102,054 14
US$ 28,830 MYR 98,881 77
US$ 21,547 MYR 77,234 11
US$ 9,975 MYR 33,900 02
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 98,881. While Insurance workers with High School education earn the least, with an average gross income of MYR 33,900. This is 189.02% 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
US$ 45,743 MYR 148,200 05
US$ 59,111 MYR 199,073 06
US$ 25,363 MYR 90,021 09
US$ 37,157 MYR 133,246 15
US$ 30,274 MYR 107,009 29
US$ 22,026 MYR 76,047 14
US$ 13,032 MYR 43,724 11
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
US$ 40,693 MYR 126,000 01
US$ 105,767 MYR 351,000 03
US$ 38,216 MYR 126,949 08
US$ 30,141 MYR 115,520 20
US$ 27,199 MYR 99,463 28
US$ 12,991 MYR 44,953 23
US$ 18,226 MYR 59,000 06
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. US$ 43,461 MYR 135,066 06
2. US$ 39,431 MYR 137,344 15
3. US$ 39,326 MYR 157,500 01
4. US$ 37,405 MYR 152,666 03
5. US$ 33,477 MYR 112,857 07
6. US$ 27,235 MYR 91,710 19
7. US$ 25,877 MYR 95,120 05
8. US$ 24,887 MYR 85,000 02
9. US$ 22,443 MYR 75,291 08
10. US$ 21,087 MYR 73,875 17
11. US$ 21,001 MYR 76,210 16
12. US$ 18,304 MYR 58,666 03
13. US$ 15,566 MYR 60,927 04

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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 60,927, while Health Insurance earn MYR 58,666. The gap between the lowest and the highest paid careers is 179.20%.


  SALARY BY JOB TYPE   INSURANCE   MALAYSIA

Malaysia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
US$ 27,716 MYR 95,307 91
US$ 21,028 MYR 82,625 04
US$ 32,288 MYR 117,555 09
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. US$ 63,029 MYR 192,000 02
2. US$ 30,179 MYR 93,000 02
3. US$ 27,837 MYR 96,500 04
4. US$ 26,999 MYR 93,935 86
5. US$ 23,185 MYR 75,000 02
6. US$ 14,522 MYR 62,800 02
7. US$ 12,426 MYR 43,000 02

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  SALARY BY COUNTRY    INSURANCE

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Germany US$ 101,681 EUR 80,818 11
2. Australia US$ 95,404 AU$ 110,822 35
3. United Kingdom US$ 88,716 GBP 60,145 56
4. United States US$ 76,790 US$ 76,790 422
5. China US$ 34,892 CNY 225,363 11
6. Indonesia US$ 30,033 IDR 372,091,840 22
7. Malaysia US$ 27,603 MYR 95,862 106
8. Vietnam US$ 19,990 VND 434,130,000 10

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(37/37)  CUSTOMER SERVICE EXECUTIVE


 Posted: 07 Jan 2021

Bachelors Degree, 2-4 years: "Bachelor in nursing, computer literate."
Individual GROSS salary:
MYR 36,000
US$ 8,703


(36/37)  INTERNAL AUDITOR


 Posted: 03 Jan 2021

Bachelors Degree, 4-8 years: "Internal audit, risk management and compliance."
Individual GROSS salary:
MYR 69,440
US$ 16,787


(35/37)  INTERNAL AUDITOR


 Posted: 03 Jan 2021

Bachelors Degree, 4-8 years: "Internal audit, risk management and compliance."
Individual GROSS salary:
MYR 69,440
US$ 16,787


(34/37)  INTERNAL AUDITOR


 Posted: 31 Dec 2020

Bachelors Degree, 8-12 years: "Conduct internal audit ."
Individual GROSS salary:
MYR 80,000
US$ 19,340


(33/37)  HR MANAGER


 Posted: 21 Nov 2020

Some College, 12-16 years: "Recruitment, training and development, performance evaluation."
Individual GROSS salary:
MYR 84,000
US$ 20,307


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(32/37)  BUSINESS DEVELOPMENT EXECUTIVE


 Posted: 04 Nov 2020

Some College, 2-4 years: "President of Law Society, Undergraduate Bachelor of Law, Advanced Diploma in Business Management, 5 years Marketing experience."
Individual GROSS salary:
MYR 45,000
US$ 10,879


(31/37)  ACTUARIAL


 Posted: 21 Sep 2020

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


(30/37)  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


(29/37)  ACTUARY


 Posted: 06 May 2020

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


(28/37)  BUSINESS DEVELOPMENT


 Posted: 16 Apr 2020

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


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(27/37)  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


(26/37)  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


(25/37)  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


(24/37)  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


(23/37)  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


(22/37)  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


(21/37)  ACTUARIAL ANALYST


 Posted: 19 Jul 2019

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


(20/37)  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


(19/37)  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


(18/37)  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


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(17/37)  ACTUARIAL MANAGER


 Posted: 17 Jun 2019

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


(16/37)  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


(15/37)  CLAIMS


 Posted: 23 May 2019

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


(14/37)  ASSISTANT MANAGER ACTUARIAL


 Posted: 10 May 2019

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


(13/37)  REINSURANCE


 Posted: 16 Jan 2019

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


(12/37)  EXECUTIVE


 Posted: 01 Nov 2018

Bachelors Degree, 4-8 years: "Client Handling."
Individual GROSS salary:
MYR 40,000
US$ 9,988


(11/37)  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


(10/37)  SENIOR ACCOUNT MANAGER


 Posted: 07 Jun 2018

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


(9/37)  BUSINESS MANAGER


 Posted: 06 Jun 2018

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


(8/37)  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


(7/37)  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


(6/37)  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


(5/37)  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


(4/37)  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


(3/37)  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


(2/37)  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


(1/37)  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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