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Financial Adviser's Representatives

approved by Bank Negara Malaysia

Top 10 FAQs

--- explaination --


What is the difference between an insurance / Takaful agent vs FARs ?


At the moment I have no issue being an agent now, why should I convert to be a FAR?

Insurance agents / takaful are those who represent a particular insurance company to exclusively promote their products and are registered under LIAM / MTA, while an approved Financial Advisor Representatives is registered with BNM and presents to clients the right plans that meet the client's specific needs

There has never been any issue being an agent. But times are changing, don't you agree? Your clients need choices. Competition has gone up. What should your client buys from you when you can only offer limited products? If you prefer choices, your clients do, too. You will need to grow as a professional and not merely agent for the rest of your life. The market segmentation is changing. Are you changing with the times or are you stagnanting where you are?


CTFG is a Financial Advisory (FA) company that focuses in the fields of takaful and insurance. Along the diversity of our business partners, it provides the best product selection for your customers and they will obviously be delighted with what you can offer to them, independently. Check out what we do in 'Our Services'!


How many insurers are tied up with Genexus Advisory?



Do I need to take PCE and CEILLI when join as Financial Adviser?

What is the advantage for me in Genexus Advisory compared to where am I now?

You must passed either one of the Certified Financial Planner (CFP), Islamic Financial Planner (IFP), Registered Fianncial Planner (RFP) or Shariah Registered Financial Planner (Shariah RFP), where exams are conducted by Financial Planning Association Malaysia (FPAM) & Malaysia Financial Planning Council (MFPC). Alternatively, you can also qualify by passing certain modules of the above exams.


I have been with an insurance or takaful agent for couple of years, so will my existing commission be paid or will it be lost if I joined as FAR?

Your direct commission will be continued to be paid but not any overriding or any particular company fringe benefits, if any.


Are there any MOC or CPD to be achieved?

Yes, of course. All FARs are bound by RM20,000 MOC annually as well as 20 CPD points as set by BNM and any FARs that doesn't meet the criteria will be terminated.


Can I still service my client once I become FAR?

Different insurers have different standards. Of course, you will no longer be using agent access, however you can still service your client's using the respective insurer's client portal login.

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