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Insurance sales agent/broker (including independent financial planner) salary in Singapore

What an insurance sales agent/broker earns a month, from MOM’s June 2024 wage survey. See where your own pay sits.

Median gross pay a month · Insurance sales agent/broker (including independent financial planner)S$5,780Half earn S$4,350 to S$6,887 · June 2024 · 185th highest of 562 jobs

On the median, S$5,780, a Singapore citizen aged 55 or under pays S$1,156 employee CPF (20%) and takes home about S$4,624 a month, before income tax. Work out your own CPF · income tax

Gross and basic pay a month, June 2024

25th percentileMedian75th percentile
GrossS$4,350S$5,780S$6,887
BasicS$4,330S$5,780S$6,800

By industry median gross, highest first

Industry25thMedian75th
Financial and insurance servicesS$4,530S$6,000S$7,000

Jobs paying about the same median gross

From MOM’s Occupational Wage Survey, June 2024, on data.gov.sg: citizens and PRs working full-time in private sector firms with 25 or more employees. Gross is basic pay plus overtime, commissions and allowances, before CPF; it leaves out bonuses and employer CPF.

Questions

How much does an insurance sales agent/broker earn in Singapore?

A median of S$5,780 a month gross in MOM’s June 2024 survey: half earn more, half less, and the middle half S$4,350 to S$6,887. Basic pay, before overtime, commissions and allowances, had a median of S$5,780. That’s the 185th highest of the 562 jobs in the survey.

What is an insurance sales agent/broker’s take-home pay?

On the median of S$5,780, a Singapore citizen aged 55 or under pays S$1,156 employee CPF and takes home about S$4,624 a month, before income tax. The CPF calculator works it out for any pay and age.

Is S$6,900 a good salary for an insurance sales agent/broker?

S$6,900 is above the 75th percentile, S$6,887: about three in four earn less. Type your own pay to see where it sits.

More jobs

Insurance investigator S$6,125 · Insurance services manager S$10,466 · Every job, A to Z

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