What is MDRT:
Founded in 1927, Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an international & independent association of more than 39,000 members in 82 countries & territories. The name was derived from a group of 32 successful life insurance agents who had met at the PeaBoy Hotel, Memphsis, Tennessee, USA. Each one of the agent present at the meeting could demonstrate that they had sold more than $1,000,000 of life insurance that year. The meeting was focused on helping the agents to enhance sale abilities along with improving technical knowledge and also maintaining ethical standards or practice in the industry.
MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of sales excellence in the life insurance and financial services business.
To qualify for the membership of MDRT agents have to earn the prescribed First Year Commission excluding the Bonus Commission OR brings prescribed First Year Premium during the Calendar year.
Total 16511 agents from LIC of India qualified for MDRT 2021
MDRT Levels:
Due to impact of Covid-19 Pandemic, MDRT has adjusted its eligibility conditions and production requirements for the membership of the MDRT-2022 Table (Production Year – 2021 calendar Year) which has been produced herein below. The same can also be
downloaded from the MDRT website: www.mdrt.org and intranet site of CO/Marketing under MDRT Department.
A) FIRST YEAR COMMISSION CONDITION
|
Sr.No
|
Membership
|
Earlier criteria
|
Revised Criteria
|
|
1.
|
MDRT – Qualifiers
|
Rs.7,34,700
|
Rs.7,34,200
|
|
2.
|
Court of the Table-Qualifiers
|
Rs.22,04,100
|
Rs.22,02,600
|
|
3.
|
Top of the Table Qualifiers
|
Rs.44,08,200
|
Rs.44,05,200
|
Commission conversion factor : 11.1242
All India Top 10 Agents of LIC on Commission Basis
|
Sr.No.
|
Zone
|
Division
|
Branch
|
AgencyCode
|
Name
|
Commission
|
|
1
|
SCZ
|
BANGLORE-II
|
36A
|
0163736A
|
GANGI REDDY M
|
2,18,57,438.00
|
|
2
|
WZ
|
NAGPUR
|
971
|
1268997
|
B.V.PAREKH.
|
1,94,12,203.00
|
|
3
|
W.Z
|
NAGPUR
|
972
|
2720972
|
SMT SUMITA RAKESH SHRIVASTAVA
|
1,74,91,550.00
|
|
4
|
ECZ
|
PATNA-II
|
532
|
2228545
|
SATISH KUMAR SAH
|
1,73,80,926.00
|
|
5
|
WZ
|
MUMBAI-I
|
922
|
299922
|
SRI DEEPAK JAYANTILAL DHABALIA
|
1,33,84,286.00
|
|
6
|
WZ
|
SURAT
|
870
|
2380870
|
NILISHA PRAGNESH JARIWALA
|
1,31,71,883.00
|
|
7
|
WZ
|
MUMBAI-IV
|
925
|
81280925
|
SHRI.SHAILESH S.JOSHI
|
1,30,24,178.00
|
|
8
|
ECZ
|
CUTTACK
|
593
|
901593
|
SRI MANOJ KUMAR GUPTA
|
1,13,91,316.00
|
|
9
|
NZ
|
SHIMLA
|
13D
|
0162913D
|
RAJ KUMAR
|
1,13,11,041.00
|
|
10
|
NCZ
|
VARANASI
|
28D
|
0273428D
|
RUBINA YASMIN
|
1,09,84,541.00
|
