Reported 7 months ago
New Life Insurance made significant reforms to their business system by launching a performance competition month in May, resulting in their sales team securing over 10 billion in new contract premiums in just 28 days from May 15 to June 11. The competition involved reducing guaranteed salaries while increasing commission rates, with some agents earning over 10 million in just 28 days and 500 receiving rewards exceeding a million. The reform aims to boost agent productivity, increase cash flow, enhance contract service margin value, and reduce hedging costs, marking the best performance since 2008 financial crisis.
Source: YAHOO