Image of career: Insurance Agent/Financial Consultant

Insurance Agent/Financial Consultant

Overview

Insurance agents recommend insurance plans matching clients' needs, finances, and future plans.

Description

  • Analyse clients’ financial needs.
  • Recommend insurance solutions that match clients' needs.
  • Provide excellent customer service to maintain clients’ trust.
  • Support sales campaigns and events to attract new clients and build brand awareness.
  • Handle client policy renewals and help with insurance claims.

Entry requirements

  • You'll need at least an A-Level certificate.
  • You must also pass several exams from the Singapore College of Insurance to become a licensed insurance agent.

Salary

$3,400 – 5,600

/mo

Salary ranges are estimated based on public information found on Singaporean job portals, including MyCareersFuture, MySkillsFuture. Updated as of 2026.

Trivia

In 2012, the government launched the Financial Advisory Industry Review to raise industry standards. Financial consultants must meet minimum Continuing Professional Development training hours to keep their knowledge current with industry developments.

What to expect

You’ll be working primarily with clients, assessing their needs and recommending suitable products. This means aligning with clients’ schedules and meeting them outside office hours.

Soft
skills

Customer Orientation

Able to prioritise clients, understand their needs, and build trust.

Relationship Building

Capable of developing strong connections with clients to maintain long-term relationships and referrals.

Communication

Able to explain complex financial concepts clearly to clients.

Financial Solutions Knowledge

Possess an understanding of insurance products and risk management strategies.

Analytical Skills and Data Interpretation

Ability to interpret data to make informed recommendations for clients.

Regulatory Compliance and Legal Knowledge

Able to understand regulations to give ethical financial advice.

Hard
skills

Frequently asked questions

Since insurance work is commission-based, having alternative income sources is common. Just make sure your other job doesn’t create a conflict of interest – for example, you can’t be both a financial consultant and a government banker with access to sensitive information about the country’s finances.

Your working hours are actually quite flexible. Since clients are usually busy with their own jobs, agents work when clients are available.

They will prioritise the client's best interests and work towards fair, satisfactory solutions, all while staying professional and ethical.

It depends on their employer. Some work purely on commission, where they receive a percentage of the product they sell. Others get a combination of base salary and performance-based commission.

They keep regular and effective communication with clients by informing them about market trends, investment strategies, and changes in financial regulations.