MDRT
Anand Jathan
At the outset, wish you all a very Happy and Prosperous New Year. May the Almighty shower on you and your family good health, prosperity and all round growth in your career in 2013.
Trust, the calendar year just gone by has been a challenging one, and you have been able to achieve your MDRT Goals by 31st December, 2012. Congratulations to those who have qualified for MDRT.
Double Congrats for COTs and Multiple Congrats to those who scaled all time high of TOT …. !!
Those who could not reach MDRT target, plz do not feel disappointed. “If yesterday did not end-up the way you planned, don’t lose hopes. Just remember : God created Today for you to start again. The Best is yet to come”.
May we remind you that MDRT has provided you 3-ways to qualify viz.
1. COMMISSION METHOD
2. PREMIUM METHOD
3. INCOME METHOD
In case you have missed your MDRT Target in Commission or Premium by a small margin, you can try and qualify under “Income” Method, provided you are at least one year old member. First Timers are not eligible under Income Method.
Qualifying Income under “Income Method” for 2013 Membership (Production Year 2012) are (for INDIA):
MDRT : Rs. 14,00,700
COT : Rs. 42,02,100
TOT : Rs. 84,04,200
ELIGIBLE INCOME :
Production credit will be based on annual gross income paid during 2012. Under this model, “Income” is defined as First Year, Trail, Bonus and Renewal Commission, Fees for Asset Management and Advice. Income from Mutual Funds, Commission from General Insurance Products such as Health, Mediclaim and Personal Accident.
Income considered INELIGIBLE are :
Ø Training Bonus/Allowance
Ø Income from Property, Casualty, Fire, Home, auto Insurance etc…
However, a minimum of Rs. 4,09,300/- of eligible gross income must come from sale of new business and risk protection business each.
Kindly explore the above in your portfolio and try to qualify for MDRT under Income Method.
For more information on this, plz visit Membership section www.mdrt.org
MDRT 2014 (based on 2013 Production) Production Criteria has been announced.
The Qualifying Criteria for INDIA :
(a) MDRT Commission : Rs. 8,36,100/-
(b) MDRT Premium : Rs. 33,44,400/-
(c) Income : Rs. 14,33,300/-
For COT = 3 times of above
For TOT = 6 times of above
“Time is the most important resource. When we were born, we were given half million hours of life. What we do with these hours, determine what we become in Life”.
Wish you all the best. Kindest Regards,
ANAND A JATHAN, RFC, CertCII(UK)
Divisional Vice President
MDRT 2012-2013 MCC Division # 1
Ex-DVP, MDRT Best Practices 3 Division
Task Force Member : MDRT 2013 Experience Hyderabad (India)
MDRT Honour Roll Member
Qualifying & Life Member MDRT (USA)
K-3/104, Kishor Darshan
N. Dutta Marg, Four Bungalows
Andheri (West), Mumbai - 400 053
Mobile : 09820056466 / 09920056466
Tel. No. 022 - 26371286/26371210
Telefax : 022 – 26373156
Email: anand....@gmail.com, jatha...@rediffmail.com
Website : www.jathananand.com
The Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an international, independent association of more than 37,000 members, or less than 1 percent, of the world's Life Insurance and Financial Services Professionals in more than 80 nations and territories.
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.
Future Meetings:
MDRT Experience
2013 – February 21-23, Hyderabad, India
Annual Meetings
2013 – June 9-13 Philadelphia, Pennsylvania, USA
2014 – June 8-12 Toronto, Canada
2015 – June 14-18 New Orleans, Louisiana, USA
2016 – June 12-16 San Diego, California, USA
2017 – June 11-14 Miami, Florida, USA
2018 – June 24-27 Los Angeles, California, USA
Top of the Table Meetings
2013 – October 9 – 12 Scottsdale, Arizona, USA
Visit www.mdrt.org or contact MDRT at +1 847.692.6378 for meeting information or for exhibitor and partnership opportunities.
Rajnish Bahuguna
Dear Anand Ji,
Thanks a lot for showing light on this topic in detail. Sir, you might have come to know one change recently. LIC has made it compulsory to attend the MDRT meet to get the registration fee refund. That means you must attend MDRT meet (spend about Rs 2 Lacs if I am not wrong) to claim reimbursement for Rs 28000 approx!!! Can you expect a person earning 8 Lacs (some more by renewal) to spend 2 Lacs just to get a reimbursement of Rs 28000!!! I know these meets are really good but for some reason or other, many people are not able to attend it. Now the Only Monetary Benefit MDRT qualifiers were getting has also been taken off by LIC (No other monetary benefits like club members even to the people who qualify regularly although it is considered to be the best title of the industry after TOT & COT). It is a de-motivating factor for people to register as MDRT qualifiers. I will definitely be registering myself with MDRT at my own cost if I don’t attend it but the question is how many of us would do the same? With today’s rising cost of living, everybody wants more money but we are now about to get less. I think you should take up this matter with LIC & get the old condition reinstated if LIC is actually willing to see itself “Officially” as the top MDRT producer of India (as most of the qualifiers don’t register either due to lack of knowledge or for these kind of reasons). Hope you will understand.
With Best Regards,
Rajnish Bahuguna
Wealth Manager
MDRT (USA)
The Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an International, independent association of more than 39,000 members, or less than 1%, of the world’s most successful life insurance and financial services professionals from 491 companies in 87 nations and territories. 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.
Specialist: Children's & Retirement Planning
Dedicated to Customer Delight
Mob.:-9911440170 / 9818519868.
Office: Shop No. 9, Local Shopping Complex,
Vayu Sena Vatika, Sohna Road,
Near Rajiv Chowk, Gurgaon, Haryana-122001
Resi: H. No. 62, Sector-9, Gurgaon, Haryana-122001
Delhi: 31B, First Floor, Jeevan Pravah Bldg,
District Centre, Janak Puri, New Delhi - 110058
Albert Desouza
From: bahuguna...@gmail.com
To: liafis...@googlegroups.com
Subject: RE: (LIAFICHARY:8573) MDRT
Date: Fri, 11 Jan 2013 13:37:13 +0530
Dear Anand Ji,
Thanks a lot for showing light on this topic in detail. Sir, you might have come to know one change recently. LIC has made it compulsory to attend the MDRT meet to get the registration fee refund. That means you must attend MDRT meet (spend about Rs 2 Lacs if I am not wrong) to claim reimbursement for Rs 28000 approx!!! Can you expect a person earning 8 Lacs (some more by renewal) to spend 2 Lacs just to get a reimbursement of Rs 28000!!! I know these meets are really good but for some reason or other, many people are not able to attend it. Now the Only Monetary Benefit MDRT qualifiers were getting has also been taken off by LIC (No other monetary benefits like club members even to the people who qualify regularly although it is considered to be the best title of the industry after TOT & COT). It is a de-motivating factor for people to register as MDRT qualifiers. I will definitely be registering myself with MDRT at my own cost if I don’t attend it but the question is how many of us would do the same? With today’s rising cost of living, everybody wants more money but we are now about to get less. I think you should take up this matter with LIC & get the old condition reinstated if LIC is actually willing to see itself “Officially” as the top MDRT producer of India (as most of the qualifiers don’t register either due to lack of knowledge or for these kind of reasons).F ope you will understand.
With Best Regards,
Rajnish Bahuguna
Wealth Manager
MDRT (USA)
The Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an International, independent association of more than 39,000 members, or less than 1%, of the world’s most successful life insurance and financial services professionals from 491 companies in 87 nations and territories. 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.
Specialist: Children's & Retirement Planning
Dedicated to Customer Delight
Mob.:-9911440170 / 9818519868.
Office: Shop No. 9, Local Shopping Complex,
Vayu Sena Vatika, Sohna Road,
Near Rajiv Chowk, Gurgaon, Haryana-122001
Resi: H. No. 62, Sector-9, Gurgaon, Haryana-122001
Delhi: 31B, First Floor, Jeevan Pravah Bldg,
District Centre, Janak Puri, New Delhi - 110058
--
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Rajnish Bahuguna
Dear Sir,
Plz register a complaint via LIC portal using client login. It generates a complaint no & the status of the complaint goes to the registered e-mail ID. This gets tracked by IRDA also, so they have to reply. Don’t use your login / name. Ask client to do it or take his ID & password & do it yourself. I know this is a bit tiring but once you start doing it, after some time, he will come to know that if he doesn’t work properly, client will again lodge a complaint & LIC will have to take action.
SHREE PRAKASH NARSARIA
From: Rajnish Bahuguna <bahuguna...@gmail.com>
To: liafis...@googlegroups.com
Sent: Friday, 11 January 2013 3:35 PM
Subject: RE: (LIAFICHARY:8575) MDRT
