Factors Afeecting the High Rate of Turnover Among Part Time Life Insurance Agents at Malaysian Assurance Alliance (MAA) Seremban Branch

This study explored factors that contribute to the high turnover of part time life insurance agents at Malaysian Assurance Alliance (MAA), Seremban Branch. A self administered questionnaire were used to collect data from 111 part time life insurance agents who left the business from the main list of...

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Main Author: M. Barathi Dasar
Format: Thesis
Language:English
English
Published: 1998
Subjects:
Online Access:http://psasir.upm.edu.my/id/eprint/9787/
http://psasir.upm.edu.my/id/eprint/9787/1/FBMK_1998_1_A.pdf
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author M. Barathi Dasar,
author_facet M. Barathi Dasar,
author_sort M. Barathi Dasar,
building UPM Institutional Repository
collection Online Access
description This study explored factors that contribute to the high turnover of part time life insurance agents at Malaysian Assurance Alliance (MAA), Seremban Branch. A self administered questionnaire were used to collect data from 111 part time life insurance agents who left the business from the main list of 350 drop outs provided by MAA Seremban Branch. Simple random sampling was applied to select the respondents before ask them to answer the questionnaire. Perceptional questions were used to gauge factors that make them leave the profession. High commitment at the permanent work place, lack of salesmanship skills, conflict between dual career were found to be strong factors affecting the turnover. Other factors include high achievement quota from the agency force and high selling activities which were required in order to stay in this business. Bank Negara's ruling on commission percentages was also found affecting the turnover. This study recommend that more facilitating environment is needed to develop part time life insurance agents, especially from the agency and parent organisation. Therefore different treatment and privilege should be given to the MAA part time life insurance agents compared to full time life insurance agents. Since this study is highly perceptional, more empirical data is needed pertaining to the turnover rate among the full time and part time life insurance agents. By having more information, it will help to ensure that more rigorous and conclusive study to be done in future.
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institution Universiti Putra Malaysia
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language English
English
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publishDate 1998
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spelling upm-97872011-09-08T04:49:14Z http://psasir.upm.edu.my/id/eprint/9787/ Factors Afeecting the High Rate of Turnover Among Part Time Life Insurance Agents at Malaysian Assurance Alliance (MAA) Seremban Branch M. Barathi Dasar, This study explored factors that contribute to the high turnover of part time life insurance agents at Malaysian Assurance Alliance (MAA), Seremban Branch. A self administered questionnaire were used to collect data from 111 part time life insurance agents who left the business from the main list of 350 drop outs provided by MAA Seremban Branch. Simple random sampling was applied to select the respondents before ask them to answer the questionnaire. Perceptional questions were used to gauge factors that make them leave the profession. High commitment at the permanent work place, lack of salesmanship skills, conflict between dual career were found to be strong factors affecting the turnover. Other factors include high achievement quota from the agency force and high selling activities which were required in order to stay in this business. Bank Negara's ruling on commission percentages was also found affecting the turnover. This study recommend that more facilitating environment is needed to develop part time life insurance agents, especially from the agency and parent organisation. Therefore different treatment and privilege should be given to the MAA part time life insurance agents compared to full time life insurance agents. Since this study is highly perceptional, more empirical data is needed pertaining to the turnover rate among the full time and part time life insurance agents. By having more information, it will help to ensure that more rigorous and conclusive study to be done in future. 1998-10 Thesis NonPeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/9787/1/FBMK_1998_1_A.pdf M. Barathi Dasar, (1998) Factors Afeecting the High Rate of Turnover Among Part Time Life Insurance Agents at Malaysian Assurance Alliance (MAA) Seremban Branch. Masters thesis, Universiti Putra Malaysia. Malaysian Assurance Alliance (Seremban Branch) - Officials and employees - Turnover English
spellingShingle Malaysian Assurance Alliance (Seremban Branch) - Officials and employees - Turnover
M. Barathi Dasar,
Factors Afeecting the High Rate of Turnover Among Part Time Life Insurance Agents at Malaysian Assurance Alliance (MAA) Seremban Branch
title Factors Afeecting the High Rate of Turnover Among Part Time Life Insurance Agents at Malaysian Assurance Alliance (MAA) Seremban Branch
title_full Factors Afeecting the High Rate of Turnover Among Part Time Life Insurance Agents at Malaysian Assurance Alliance (MAA) Seremban Branch
title_fullStr Factors Afeecting the High Rate of Turnover Among Part Time Life Insurance Agents at Malaysian Assurance Alliance (MAA) Seremban Branch
title_full_unstemmed Factors Afeecting the High Rate of Turnover Among Part Time Life Insurance Agents at Malaysian Assurance Alliance (MAA) Seremban Branch
title_short Factors Afeecting the High Rate of Turnover Among Part Time Life Insurance Agents at Malaysian Assurance Alliance (MAA) Seremban Branch
title_sort factors afeecting the high rate of turnover among part time life insurance agents at malaysian assurance alliance (maa) seremban branch
topic Malaysian Assurance Alliance (Seremban Branch) - Officials and employees - Turnover
url http://psasir.upm.edu.my/id/eprint/9787/
http://psasir.upm.edu.my/id/eprint/9787/1/FBMK_1998_1_A.pdf