Source : BusinessStandard
Life Insurance Corporation of India (LIC) has topped the company
ranking list of the Million Dollar Round Table (MDRT) in 2014. LIC leads
the company ranking list with 6730 MDRT members.
Founded in 1927, the Million Dollar Round Table (MDRT), The Premier
Association of Financial Professionals, is an international, independent
association of more than 42,000 of the world's leading life insurance
and financial services professionals from more than 470 companies in 71
countries.
Apart from the basic membership, MDRT has two levels-- Court of Table
(COT) and Top of Table (TOT). MDRT's Top of the Table is an exclusive
forum for the world's most successful life insurance and financial
services professionals.
It has now been decided by LIC to encourage more agents to join this
esteemed group and aim to achieve 13000 members in this calendar year.
To become a member of MDRT in 2014, an agent is
required to do
annually. Agents are required to have a minimum commission of Rs 8.36
lakh annually in 2013 and Rs 25.08 lakh for COT. Court of the Table
members must earn three times the MDRT base production requirement and
are eligible to attend a special session at the MDRT annual meeting to
celebrate and network. Top of the Table, MDRT's highest level of
membership, comprises those members who submit six times the MDRT
production requirement.
MDRT members get access to meetings, networking opportunities and
international training and development. Through its many professional
development programs, services and products, MDRT provides opportunities
for members to gain insights into all aspects of expanding their
business, leading to even greater success. Its membership is regarded as
the standard of excellence in the insurance and financial services
industry.
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