Wage satisfaction low among insurance representatives

13 Dec 2023 - With 5 years of work experience, insurance representatives will earn from ₦66,819 to ₦195,380 monthly. The age group for workers in this occupation who answered the survey was mostly between 40 and 49 years of age. This is made clear in research by Mywage.ng, conducted in 2023.

Salary for starting insurance representatives between ₦67,478 and ₦205,125 per month

People in this job with 0 years of work experience earn the highest salary: between ₦67,478 and ₦205,125 per month. Starting people in this job with one year of experience, earn from ₦67,478 to ₦205,125 per month.

People in this job who answered the survey are mostly between 40 and 49 years of age. 69% says they are male, while 31% entered female as their gender.

Average working week of 41 hours

Coverage by collective bargaining amongst employees is 1%, while 99% are not covered by a collective agreement, according to our survey. On average, workers in this occupation work 41 hours per week.

Coworkers mostly female

7% of employees state that they have a permanent contract for the work that they are doing. 29% of workers in this occupation have worked more than 30 years since their first job. Of the participating workers in this occupation, 1% work in a multinational organisation. The majority of workers in this occupation work in organisations of 500 or more employees. For most workers, the majority of their coworkers are female. People in this job who do not have a permanent contract for the work they are performing, added up to 93% of respondents.

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