Do Insurance Agents actually disclose their commissions to their clients?

If you don't ask, they don't tell.

Even if you ask (or don't ask), their commission is lumped together with their managers' overriding (another type of manager commission), bonus, incentives etc in "COSTS OF DISTRIBUTION".

Usually this COST OF DISTRIBUTION is 120% to 150% of your first year premium.

Your agent doesn't earn that much though, probably 40-50% of your saving / life plans etc.

Based on my experience, they won't tell you until you ask. Somehow it's a touchy topic for them. Maybe after you know how much they earn from the policy, they worry you won't buy or change mind after 14-days look-see period.

I have met many agents.

So far, only one has, on the spot, without a single shred of hesitation, tell me his commission.

I'm sure all products have such regulations. Otherwise, why need a licenced personnel to sell such product?

I bought my policies from NTUC, when signing document, it explicitly indicates the amount to be distributed for such purposes.