Why is the insurance agent asking you to recruit people? Isn’t it a bit like a pyramid scheme?

Although I am not from an insurance company, I have been engaged in credit management work in a commercial bank for a long time. I often have contact with senior management of insurance companies because of interbank deposit agreement deposits or some fixed investment plans. The profit growth point of the insurance industry is still It’s premium income, and the main source of premium income is the MLM-style head-pulling strategy. What you’re recruiting is just a downline member of a financial MLM organization! Anyone with any brain knows that a sales department is the smallest branch of a company, equivalent to a second-level micro-branch or branch of a bank. Have you ever seen any bank branch or first-level branch that has the power to recruit independently? Even if a second-level branch recruits an intern to work as a waiter, the provincial-level branch units will recruit and report uniformly, and then assign them to various branches! The same is true for the recruitment of insurance companies. Provincial companies generally only recruit once a year, and the job requirements are very high. A bachelor's degree or above from a 211 key university is the most basic. Some core auditing, personnel, accounting or auditing positions require a graduate degree and above. Those who have relevant qualifications, such as secretary examinations or banknotes, etc., then those who are capable or have connections and connections will stay in the branch, while the others will be sent to the branch to work as back-office staff. Can a small sales department recruit by itself? This kind of recruitment is done by financial MLM practitioners themselves. The securities industry has securities agents, and the insurance industry has insurance agents. These are collectively referred to as financial MLM practitioners. It is said that their MLM is based on three points. One is that the main source of income is to win people's heads and eat offline. Second, there is a strict MLM organization and brainwashing process. The third is to make a living mainly by deceiving the people around you.

What we are recruiting are actually agents affiliated with the sales department of an insurance company. The sales department itself has the authority to be an affiliated agent. But there is no salary for you. The sales department's own income only has an overall reimbursement amount and a commission from new premiums. So all they can give you is the commission on the policy you brought in yourself. According to what they said, you only get income when you bring in orders. And this recruitment was actually done online by an insurance agent who first joined the MLM organization! When he brings you in, he gets a head fee, and he also gets a commission on the orders you bring in. Because you are his downline. And your first order is your own insurance, with a premium of 10,000. Then there’s your family and friends. In the second year, if all the resources around you are drained, you should get out. If all the insurance is surrendered, the overall capital loss is estimated to be more than 60. Because you are offline, you are allowed to come online to extract value. This situation is the same for insurance and securities. Sales department recruitment is the cannon fodder of MLM organizations. Unless you have special resources, it is still careless to use it as a part-time job. A junior high school classmate of mine, whose family is related to the Hebei Animal Husbandry Bureau, joined the Agricultural Machinery Division under the Provincial Department of Agriculture. Because the breeding pig insurance policy is specified by the local animal husbandry unit, he can get all the breeding pig insurance policies for all the pigs raised around Shijiazhuang with more than 10,000 pigs. Others would not talk to the sales department at all, but directly go to Xinnong, the Hebei head office of the People's Insurance Company of China. The boss of the business department said that the premium for a pig is more than 2,000, and his commission is more than 40. You can calculate the premium for a 10,000-head pig farm. Another agricultural machinery bureau happily went to work and received red envelopes, and the insurance company had to give him a commission! The boss nodded and bowed when he saw him! If you are a pure loser with no resources and no background, then just go to sleep. You will have no future in such an MLM organization. I work in the Financial Division of the Beijing Head Office of Minsheng Bank. Because of my financial market business, I have some contacts with insurance and securities executives, so I know their methods very well. Their regular employees, middle and senior managers themselves said that now every year in Beijing, there are new graduates. There are over ten million graduates, and if half of them are losers, they rely on pyramid schemes to recruit these losers to extract value. This is called the law of large numbers. Don’t let the insurance dog below mislead you. He’s still working outside. Oh my god, an agent is an agent. There is only an affiliation relationship but no labor relationship. You can’t claim compensation if someone cuts you off at the company. Also Chaoyang industry, Chaoyang your mother!

Extended reading: How to buy insurance, which one is better, and step-by-step instructions to avoid these "pitfalls" of insurance