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Frequently Asked Questions

Who is a Financial Associate? Collapsed Expanded

The term Financial Associate represents a person who is registered under Insurance Act, receives or accepts commission or other remuneration, and collects insurance business with renewal or renewal of insurance policy.

 

How to be a Financial Associate? Collapsed Expanded

The process of becoming a Financial Associate (FA) is very easy. To be registered as an FA, you have to complete the necessary trainings on MetLife Associate Recruitment Solution portal and do fieldwork with the Unit Manager/Branch Manager. After you verify the necessary documents, you will be finalized as an FA.

Do I have to pay any fees? Collapsed Expanded

Yes, for the training certificate from Academy of Learning Bangladesh/Bangladesh Institute for Professional Development, you will have to pay BDT 575 and for the license from Insurance Development & Regulatory Authority Bangladesh to become a Financial Associate, you will have to pay BDT 200. However, you are not required to pay any fee to MetLife Bangladesh.

 

What documents do I have to submit to be appointed as an agent? Collapsed Expanded

You must submit the following documents for the recruitment process-

1. Scanned copy of national ID card

2. Scanned copies of certificates as proof of educational qualification

3. Scanned copy of bank account’s check page

 

Do I have to invest any money to become a Financial Associate? Collapsed Expanded

No, you do not have to make any investment to be a Financial Associate.

Do I have to work full-time to be a Financial Associate? Collapsed Expanded

To reach your goals and to get the necessary information related to insurance, please visit the regular office meetings in accordance with the instructions of the Unit Manager/Branch Manager. There is no time-bound work for an FA. Rather, you can work at your convenient time to reach out to your potential customers.

Who can I sell insurance policy to? Collapsed Expanded

There is no restriction to sell insurance policies. Insurance policies can be sold to any person.

There is no restriction to sell insurance policies. Insurance policies can be sold to any person. Collapsed Expanded

MetLife will provide you with all required assistance and training throughout your career as a Financial Associate.

 

On what basis is the commission of agents get paid? Collapsed Expanded

The commission is paid at a rate determined by the insurance law.

What is the opportunity of future progression as a Financial Associate? Collapsed Expanded

There are many scopes to improve as a Financial Associate. You will be given the opportunity to become a unit manager based on your performance, as a result you will be able to appoint new agents. Depending on your success as a unit manager, you may be promoted as a Branch Manager.