What is MDRT
Million Dollar Round Table (MDRT) Agent will get international recognition and huge wealth by qualifying for MDRT.MDRT Membership is recognized internationally as the standard of sales excellence in the life insurance industry. MDRT membership of the world provides a unique mix of resources and networking to inspire growth in your business. If you are LIC agent then it would be your first dream to be MDRT agent. Basically you will be selected for a international seminar,where all excellent insurance advisor from different insurance company will participate and share their innovative ideas .
Eligibility Criteria for MDRT
To qualify for the membership of MDRT agents as LIC Advisor have to earn the prescribed First Year Commission excluding the Bonus Commission.
|1||Membership||Criteria||First Year CommissionRs||First Year Premium|
|3||COURT OF THE TABLE (COT)||3 TIMES MDRT||28,03,200||1,12,12,800|
|4||TOP OF THE TABLE-TOT||6 TIMES MDRT||56,06,400||2,24,25,600|
Few Benefits Of MDRT
Reimbursement of MDRT participation fee who will the attend the meeting.
Interest free advance of a maximum of Rs 80000 to all MDRT agents for attending the MDRT Annual Meet
COT agents who attend the MDRT Annual Meet are eligible for a reimbursement of Rs 40,000 OR actual cost for air ticket and rs 25000 as pocket expense
TOT agents who attend the MDRT Annual Meet are eligible for a reimbursement of Rs 80,000 OR actual cost for air ticket and rs 50000 as pocket expense.
Galaxy Club Agents agents who attend the MDRT Annual Meet are eligible for a reimbursement of Rs 60,000 OR actual cost for air ticket and and rs 10000 as pocket expense.
Procedure for registration of LIC MDRT Agent
If LIC agent qualifies with the eligibility criteria then he/she has to apply to MDRT in a given format for Id Card.
Once it is allotted he/she can easily download his/her ID card with given ID no.
Then Agent will send directly to MDRT,USA before last date with a certifying letter issued by LIC competent authority (Sr. Divisional Managers) and fee .
Now MDRT will issue a certificate of registration to the LIC agent. LIC Agent can take guidance of the MDRT Help Desks at Divisional and Zonal levels for those purpose.
LIC MDRT 2018