MDRT– An International Recognition

What is MDRT?

The Million Dollar Round Table (MDRT) membership is recognized internationally as a standard of sales excellence in the life insurance and financial services business.

The Million Dollar Round Table (MDRT) is a trade association formed in 1927 to help insurance sales people and financial advisors establish best business practices and develop ethical and effective ways to increase client interest in financial products, specifically risk based products like life insurance.

The 1927 meeting evolved into the formation of the organization that exists today. An organization dedicated to encouraging ethical values, sharing ideas and concepts clients have found to be valuable and helping to improve business practices.

MDRT conducts an annual meeting which is open to all members. The purpose of the meeting is to bring together top professionals, who have demonstrated superior performance, to meet and share. These meetings are held throughout the North American continent along with Experience meetings in Asia. Today, MDRT is a premier association of financial professionals, with over than 35,000 members, from 476 companies across 76 countries. Each year more than 10,000 members and guests gather to enjoy the fellowship and opportunity to learn.

To maintain the high standard of productivity set by the forefathers of MDRT, annual qualification requirements for joining were established. These standards include demonstrating a set annual production requirement plus agreeing to adhere to a strict code of ethics. Ethical violations will result in dismissal

To be eligible for a basic membership in 2015, for example, an applicant must meet a production goal of Rs.8,45,300/- as first year commission or first year premium of Rs.33,81,200/-in the calendar year of 2014. MDRT also has established two additional tiers of qualification - Court of the Table (COT) and Top of the Table (TOP). To qualify for these higher tiers of membership, the applicant must demonstrate annual commission of first year income three to six times the base requirement. For the Membership Year – 2015 the qualifying condition of eligibility for COT is Rs.25,35,900/- as First Year Commission or Rs.1,01,43,600/- as First Year Premium in the calendar year ending December 2014. For qualifying TOT the eligibility would be Rs.50,71,800/- as First Year Commission or Rs.2,02,87,200/- as First Year Premium in the calendar year 2014.

MDRT LEVELS AT A GLANCE:
The Three Level Membership Criteria for MDRT 2015:
SI. No. Membership Criteria First Year Commission First Year Premium
1. MDRT Basic 8,45,300 33,81,200
2. Court of the Table- COT 3 Times MDRT 25,35,900   1,01,43,600
3. Top of the Table -TOT 6 Times MDRT 50,71,800    2,02,87,200

The Million Dollar Round Table (MDRT) describes itself as The Premier Association of Financial Professionals. As an international, independent association of successful life insurance and financial services professionals, members seek to demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as a standard of sales excellence in the life insurance and financial services business.

 

First year Commission of TOP 10 TOT 2013 qualifiers from LIC of India:

Rank Name Branch First Year Commission Excluding Bonus Commission
1.

Shri. BHARAT V PAREKH

Nagpur 1,64,59,383
2.

Shri. RAVINDAR JETHANI

Mumbai 1,28,52,004
3.

Smt. HEENA HITESH SHAH

Mumbai 1,22,86,595
4.

Shri. RAJESH K BHONSALE

Mumbai 95,34,779
5.

Smt. SANGEETA P PODDAR

Mumbai 79,56,912
6.

Smt. SHYAMLATA S PODDAR

Mumbai 71,20,811
7.

DR. BALWANT SINGH CHIRANA

Delhi 70,64,505
8.

Shri. AUTI DATTATRAY JAYRAM

Mumbai 70,14,830
9.

Smt .REENA GUPTA

Bhopal 66,55,529
10.

Smt. SANGEETA MAHESHWARI

Indore 59,29,266

A Grand Total of 6114 agents from LIC have qualified for MDRT 2012

THINK BIG!! THINK MDRT!!! All The Very Best..

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