eligibility conditions eligibility conditions and production requirement for the membership of mdrt...
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Eligibility Conditions
Eligibility conditions and production requirement for the membership of MDRT – 2013 (Production year 2012 Calendar Year) :
B) First Year Premium condition
MDRT qualifiers 32,74,400
COT qualifiers 98,23,200
TOT qualifiers 1,96,46,400
Eligibility Conditions
Eligibility conditions and production requirement for the membership of MDRT – 2013 (Production year 2012 Calendar Year) :
A) First Year Commission condition
MDRT qualifiers 8,18,600
COT qualifiers 24,55,800
TOT qualifiers 49,11,600
Incentives & Support to MDRT Agents
• Interest free advance upto ` 80,000 to all MDRT agents who attend Annual meet.
• Out of ` 80,000, reimbursement of ` 40,000 to all the COT agents who attend the MDRT Annual meet.
• Reimbursement of ` 80,000 to all the TOT agents who attend the MDRT Annual meet. The reimbursement is done for only one meeting.
Incentives & Support to MDRT Agents
• Corporate club members who have qualified for MDRT/COT/TOT are also eligible for reimbursement upto Max ` 80,000 or actual Air Fare whichever is lower.
• Corporate club members MDRT agents are also entitled to ‘out of pocket expenses’ of ` 15,000 for attending MDRT Annual Meet.
• MDRT qualifiers on commission basis only are eligible for Interest free advance for purchase of Laptop upto Max. of ` 80,000 recoverable in 60 equated monthly instalments.
Incentives & Support to MDRT Agents
• Agents who qualify for either TOT or COT on commission basis only for at least two years in succession, are given Interest free advance for purchase of Laptop upto Max. of ` 1 lac.
Incentives & Support to MDRT Agents
Additional incentives for MDRT/COT/TOT.MDRT Reimbursement of MDRT Registration fees to all
MDRT qualifiers. COT Reimbursement of MDRT Registration fees and `
25,000 as out of pocket expenses for attending MDRT Annual Meet.
TOT Reimbursement of MDRT Registration fees and ` 50,000 as out of pocket expenses for attending MDRT Annual Meet.
Benefits to MDRT Agents
• MDRT Qualification will boost Renewal Commission earning of Agents i.e. the real Income of Agents.
• MDRT is a booster dose for higher Club Membership.
• It is a beginning of Corporate Club Membership – A step forward towards Corporate Club.
Benefits to MDRT Agents• Agents become a member of elite group in
BO/DO/ZO.• MDRT membership is recognized
internationally as a standard of sales excellence in Life Insurance and Financial Services
• Agent earns a unique recognition and Goodwill which helps him for future Marketing.
Benefits to the Corporation
• Higher productivity of Agents.
• Creation of select Band of performers.
• Role model for new entrants and low performers.
• Such performers give grand pick-up to new product’s launch/new competition.
Benefits to the Corporation• Creation of skilled Agents to handle HNI
segment.• Such Agents create positive environment.• Helps offices to reach budgeted target. • MDRT Agents are always dedicated and
committed to achieving their business targets.
• They have actual logistic (skill) of selling insurance policies.
Benefits to the Corporation
• MDRT Agents are more reliable and dependable because of high commitment.
• They are highly motivated group.
• They are the Brand Ambassador for the Corporation.
• No time limit to become a MDRT.
So, do you all want to be MDRT?
….. Yes.
How? More than 8 months have gone. Only about THREE months left
ROADMAP TO SUPER FAST MDRT
Delhi Division - I
Business Model-IA Few Big Ticket Size Sales in SP(Just 1 Case of 5 Cr Or 5 Cases of 1 Cr each)
Bima Bachat(Age-35)(175-15)
Jeevan Akshay-VI(Age-60)Jt Life Pension with ROC
Prem. Rs.4,98,39,022(SA-Rs.6,70,00,000)
Rs.97,00,000 + Rs.2,99,730(ST)=Rs.99,99,730
SB Paid Rs.1,00,50,000 X 4= Rs.4,02,00,000
Rs.7,22,165 X 25=1,80,54,125
Final Payout
Rs.4,98,39,022 +Rs.4,02,00,000(LA)=Rs.9,00,39,024
Rs.97,00,000
Total Payout
Rs.13,02,39,024 Rs.2,77,54,125
Business Model-2: Innovative Combo ( SP + NSP )(30 pols of Rs 10 Lac Prem)
Jeevan Akshay-VIJt Life Pension with
ROCAge-40
Jeevan TarangAge-0, T/PPT-20/20
SA-Rs.13,50,000
Prem Rs.9 Lac + Rs.27,810(ST)=Rs.9,27,810
+65097 = Rs.9,92,907(One Time)
Pension/ Maturity
Rs.65,880 Rs.12.96 Lacs ( after 20 Yrs )
Pension from 21st Yr
65880 X 25 +74250+Rs.38,880(3% on Mty)=Rs.1.13 Lacs
Amt payable on death *(at age 85 Yrs)
9 Lac( after 45 Yrs of policy)
( Tot pension Recd-Rs.17.13 Lacs)
Rs.13.5 Lac + Rs.34,42,500= Rs.47,92,500(after 85 Yrs of policy)( Tot SB Recd-74250X85 + 38880X85= Rs.96.16 Lacs)
Net Total Payout= Rs.65,880 + Rs.12,96,000 +Rs.179010X25 +
Rs.900000+ Rs113130X40+Rs.47,92,500-992907 =Rs.1,50,61,923
Business Model– 3Retire and Enjoy Packages
Age-35 Pension period61-75
Yly Prem. under plan 149 for Pkg of 15 pols (Term 26-40 Yrs) of Sum Assured-2.05Lac each =Rs.1,00,598
Premium Paid
Rs.1,00,598 X 26 Yrs = Rs.26,15,556
Risk Cover
Rs.90.93 Lacs to Rs.30.75
Life long risk cover
Rs.30.75 Lacs
Pension Rs.542960 to Rs.14,78,050
Total Payouts (Net)
Rs.1,46,53,174(Mty)+Rs.30,75,000(On 100 Yrs)
=Rs.1,77,28,174
9 Pols of 10 Lacs SA each under New Jeevan Shree-I with Term/PPT-15/2. Example:-
Business Model – 4Limited Premium Payment Term Plans
Term 15 Yrs Prem Paying Term
2 Yrs
Age 30 Sum Assured 10 Lacs
Prem. Rs.379,868 One time Investment
Rs.379,868+ Rs.361,778=Rs741,646
Maturity Value
Rs.10 Lacs + Rs.7.10 Lcs, Bonus= Rs.17.10 Lacs
Returns 2.31 times investment
Tot Comm.
9.25%(5% on FYC + 2% Bonus + 2.25% 2nd Yr Comm
Now, Can you do it?
Yes. You can.
You need to just focus on:
1 to 5 BIG SalesOr
30 SP+NSP Product ComboOr
21 R & E PackagesOr
9 Limited payment Plans
Give your VERY BEST in the next 70 days
I am sure everyone present here will be MDRT by 30th Nov
GOD BLESS U & Delhi DO-I
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