Membership Fees, Subscriptions and Other Dues

 

1st Year

2nd Year

3rd Year
RANK Registration Fee Legal Fund Annual Subscription Legal Fund Annual Subscription Annual Subscription
AGENT RM5 – RM5 RM10 RM5 RM25
CA RM5 RM10 RM40 – RM40 RM40
USM RM5 RM20 RM75 – RM75 RM75
GSM RM5 RM20 RM100 – RM100 RM100

Registration Fee

Every new member on admission shall be required to pay a registration fee of RM5.00

Subscriptions Fee

  • For Agent Rank:
    1. RM5.00 for the 1st year of membership
    2. RM5.00 for the 2nd year of membership
    3. RM25.00 annually for the 3rd year of membership onward
  • For CA/LIA, USM and GSM Rank:
    1. RM40.00 annually for Career Agent (CA) / Life Insurance Advisor (LIA)
    2. RM75.00 annually for Unit Sales Manager (USM)
    3. RM100.00 annually for Group Sales Manager (GSM)

Legal Fund

  1. RM 10.00 For Agent Rank to be paid on 2nd year of membership
  2. RM 10.00 For CA/LIA Rank to be paid on 1st year of membership
  3. RM 20.00 For USM and GSM Rank to be paid on 1st year of membership

Membership Due Payment

All Fees shall be payable in advance to the Honorary Treasurer General on the 1st day of January each year for the year then commencing.

Where admission to membership is effected after the commencement of the financial year, the new member shall pay his membership fee as :-

  • Full annual subscription ;
  • Half of the annual subscription payable anytime after the 6 months of the commencement of the financial year; provided always that the total of the membership fee thus calculated does not exceed the full annual subscription according to the respective category

Members shall authorise the deduction of their subscription fees through their income statement and the renewal subscription shall be deducted automatically in January every year as long as their contract is in force with the Company.