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Old 12-09-2018, 12:00 PM   #1
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Need help from Insurance Agents and Ex Agents

Hey everyone,

I'm a fresh grad from Uni this year, and you know how its like in the job market now. Desperate, I resorted to joining the insurance industry. Not saying its bad or not lucrative, its just that its not for me.

Ok the main point is that. I took 2 months of their "basic salary". However is says that if i leave i have to pay it back. I mean its fair considering the turn over rate of the industry. But the issue is what if I do not have the whole sum to pay it back for now? Will I be sued or something? I mean I'm ok to pay it back via installment etc but just can't settle it one shot.

Anyone with similar or seen similar experience mind sharing?

Thank you
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Old 12-09-2018, 12:08 PM   #2
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Is there a minimum period for u to stay without the need to return anything?
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Old 12-09-2018, 12:14 PM   #3
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Is there a minimum period for u to stay without the need to return anything?
2 years. Thats too long LOL
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Old 12-09-2018, 12:19 PM   #4
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2 years. Thats too long LOL
how do they lock u in for 2 years? they charge those course fees and exam fees?
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Old 12-09-2018, 12:33 PM   #5
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how do they lock u in for 2 years? they charge those course fees and exam fees?
Based on the contract. If i leave within 1 year i must pay back 100% of the salary. If 2nd year is payback 50%. Thats why i mentioned im ok to pay back but not as a lump sum straight.
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Old 12-09-2018, 12:41 PM   #6
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How much basic ?which company?
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Old 12-09-2018, 12:46 PM   #7
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How much basic ?which company?
2k x 2 months. AIA
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Old 12-09-2018, 02:18 PM   #8
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Is there a min sales quota to meet? If not just stay on and collect 2k without selling anything also can?
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Old 12-09-2018, 02:20 PM   #9
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There’s no free lunch. If you think you can just sit at home and enjoy 2k every mth for 2 years without any penalty, you’ll be in for a rude shock.
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Old 12-09-2018, 02:23 PM   #10
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There’s no free lunch. If you think you can just sit at home and enjoy 2k every mth for 2 years without any penalty, you’ll be in for a rude shock.
what if one gets fired ? still need to pay back the "bond"?
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Old 12-09-2018, 02:44 PM   #11
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I doubt they’ll do it. Not too sure about such contracts that promise a min salary. Just know that there’s no free lunch in the world.

what if one gets fired ? still need to pay back the "bond"?
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Old 12-09-2018, 03:49 PM   #12
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You can pay via installment.
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Old 12-09-2018, 03:58 PM   #13
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Hey everyone,

I'm a fresh grad from Uni this year, and you know how its like in the job market now. Desperate, I resorted to joining the insurance industry. Not saying its bad or not lucrative, its just that its not for me.

Ok the main point is that. I took 2 months of their "basic salary". However is says that if i leave i have to pay it back. I mean its fair considering the turn over rate of the industry. But the issue is what if I do not have the whole sum to pay it back for now? Will I be sued or something? I mean I'm ok to pay it back via installment etc but just can't settle it one shot.

Anyone with similar or seen similar experience mind sharing?

Thank you
u should ask the person who introduced u into this industry and promised this "salary", he should probably know better.
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Old 12-09-2018, 04:18 PM   #14
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Do you even read and attempt to ask question regarding the contract before signing?
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Old 12-09-2018, 04:22 PM   #15
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Stop loss please. Get out now, and pay it back in installments. 4k really isn't much in the long run...
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