Tag Archives: Agency Financing Scheme 2010

Agency Financing Scheme 2010 (AFS)

agency financing scheme 2010 afs - Agency Financing Scheme 2010 (AFS)

Agency Financing Scheme 2010
Recruitment plays an important role in order to ensure we have the strength in numbers to achieve
our targets and goals. With the new enhanced Agency Financing Scheme 2010, this would in turn
help to spur recruitment activities and also serve as a recruitment tool for the Wealth Managers.
1. Eligibility
1.1 Full Time agent who is fresh from industry, tenacious, hardworking, has aptitude and
passion to explore insurance business with financial support.
1.2 Part-time agent contracted with the Company for less than 6 months is eligible to apply
for this scheme. However, he must first convert to be a Full-time agent.
The new agent must produce a minimum 8,000 Nett Production Credit (NPC) in the current financial
year prior to applying AFS. This shall be applicable to all AFS applications received after 31st March
2010.

2. Financing

A financing scheme for a period of 15 months will be granted to the successful agent. The
financing amount from the 10th month onwards will be gradually tapered down whilst
maintaining the same aggregate amount of financing.
Monthly financing granted is dependent on the agent’s highest level of academy (Table 1) and
subject to 80% of the agent’s last drawn salary.

afs table - Agency Financing Scheme 2010 (AFS)tapered model afs - Agency Financing Scheme 2010 (AFS)

4. Training and Development
After the AFS agent has been successfully enrolled for the AFS scheme, he is required to
attend the predescribed training program, i.e PRUessential Training (residential).
The course fee for PRUessential is at a subsidized rate of RM600 which will be deducted over
4 installment of RM150 each month.