Our Vision

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Our Vision

Home / Our Vision

MDRT

MDRT(Our Mission)

To be a valued, member-driven, international network of leading insurance and investment financial services professionals/advisors who serve their clients by exemplary performance and the highest standards of ethics, knowledge, service and productivity.

Fringe Benefits

Being a member of the club carries a good deal of prestige as it provides concrete evidence in the eyes of the insuring public that you are working with a spirit of devotion, dedication and professionalism in serving the insuring public. It also entitles you to various fringe benefits according to the membership of different clubs, as following :

1. Club Membership

As you keep performing better year by years, you will become eligible for exclusive perks from L.I.C. by way of Club Memberships.

Corporate Club
Chairman’s Club
Zonal Manager’s Club
Divisional Manager’s Club
Branch Manager’s Club

2. Rewarded Handsomely

First Commission On Sales.

Under standard tables and terms you are paid 1st year’s commission of 25% of the first year’s premium paid by the policy holders.

You are entitled to bonus commission at the rate of 40% of the eligible first year commission provided you fulfil certain requirements as to total first year’s premium secured and number of lives you have insured in your agency-year.

The agent is paid 7.5 per cent of the amount paid by the policy holders (under standard tables and terms) as the second as well as the third year’s premiums and continues to be paid renewal commission of 5% on every year’s premium paid from the fourth year onwards. Renewal commission is payable on renewal premium. Hence, you should ensure that your client keeps the policy in force. If you remind him to pay premiums, you will be rendering a good service to him.

With the above recurring income-feature of the insurance compensation your income goes on steadily increasing every year. Each succeeding year’s new sales add to the renewal commission on the previous year’s business. Your renewal commission will grow faster every year, if with increasing expertise, you do more and more business as years roll by.

In the event of termination of agency because of non-performance, any time after five agency years but before completion of 10 agency years, the renewal commission continues to be payable provided you had nominal business of at least Rs. 2 lakhs in force one year before cessation of agency. This condition is waived in the event of cessation after the agent has worked for ten years or more.

In case of agent’s death while his agency subsists, after agency was in force for two years or over, renewal commission will continue to be payable to his heirs or nominee provided there was a business of not less than Rs. 1 lakh in force at the time of death.

Gratuity upto a maximum of Rs. 2,00,000/- is payable under Schedule VI of the (Agents) Rules, 1972 provided the agent has completed the business guarantee for at least 15 years called as “qualifying years”.

Free family protection : Free term insurance is payable under Schedule VI of the (Agents) Rules, 1972 in the event of death of a confirmed agent before age 60 provided among other conditions : (a) he was appointed before age 50 (b) he has completed at least 3 “qualifying years” (c) his agency was in force on the date of death, and (a) he holds an insurance policy (other than a temporary insurance policy) for at least Rs. 5,000/- at the time of death.

3. Agents

242 Corporate Bank
98 Brokers
1337064 Referral
42 Banks
98 % Active LIC Agents
79 Individual Bank
Commission Earning Table
For every insurance policy sold by you, you will earn each time the policyholder pays premium on that policy.
For example: If you sell an endowment policy of 20 years premium term, you will earn commission for 20 years on that policy.

Commission Earning Table

For every insurance policy sold by you, you will earn each time the policyholder pays premium on that policy. For example: If you sell an endowment policy of 20 years premium term, you will earn commission for 20 years on that policy.

Commission Earning Table
Policy	1st Year	2nd Year	3rd Year	4th Year	5th Year
No. Of Policy	140	150	175	200	250
Annual Premium	3500000	3750000	4375000	5000000	6250000
1st Year 35%	1225000	1312500	1531250	1750000	2187500
2nd Year 7.5%	---	262500	281250	328125	375000
3rd Year 7.5%	---	---	262500	281250	328125
4th Year 5%	---	---	---	175000	187500
5th Year 5%	---	---	---	---	175000
Total	1225000	1575000	2075000	2534375	3253125
Monthly Income	102083	131250	172917	211198	271094

First Year Commissions Of Top Agents

First year Commission of TOP 10 TOT 2014 qualifiers from LIC of India:

You can be among them…

Rank	Name	Location	FYC
1	Shri V Venkateswara Rao	Vishakhapatnam	2,05,09,585
2	Smt Sangita Maheshwari	Indore	1,77,58,368
3	Shri Bharat V Parekh	Nagpur	1,09,52,152
4	Shri Ravinder Jethani	Mumbai	1,01,24,090
5	DR.Balwant Singh Chirana	Delhi	88,11,908
6	Shri Auti Dattatray Jayram	Mumbai	86,46,357
7	Shri Pulkit Khandelwal	Delhi	70,71,261
8	Shri Bhiman Das	Kolkata	67,92,431
9	Shri Deepak Dhabalia	Mumbai	66,31,879
10	Smt Heena Hitesh Shah	Mumbai	66,01,442