Fwd: MDRT - 2014 Membership Requirements

[Prakash Mahtani]

Dear Friends

Please find below messages from

From the Desk of Priti Kucheria

Zone Chair MDRT MCC Zone # 4 South Asia (India, Srilanka, Nepal & Bangladesh) (2013-2014)

Thanks &

Kind Regards

Prakash Mahtani |

Tel +912240028868 | Mob +919892219020 |

Unit No.2 3rd Floor Nagree Building, 54 Shahid Bhagatsing Road, Opp Old Customs House, Fort Mumbai 400023 | 

“P Print only when necessary |7 Switch off as you go |qRecycle always” 

 

---------- Forwarded message ----------
From: Priti Kucheria <pr...@kucheria.co.in>
Date: Wed, Nov 20, 2013 at 1:23 PM
Subject: MDRT - 2014 Membership Requirements
To: mahtani prakash <prakash...@gmail.com>

From the Desk of Priti Kucheria Zone Chair MDRT MCC Zone # 4 South Asia (India, Srilanka, Nepal & Bangladesh) (2013-2014)                                                                                 Dear Friends,                                                                                                         Warm Diwali Greetings to you and your family.        May God bless you with happiness, success and prosperity always!   Today I would like to brief you about the 2014 MDRT MEMBERSHIP REQUIREMENTS - Based on 2013 Production Production Method MDRT COT TOT Premium (Rs.) 33,44,400 1,00,33,200 2,00,66,400 Commission/Fees (Rs.) 8,36,100 25,08,300 50,16,600 Income (Rs.) 14,33,300 42,99,900 85,99,800   Qualification under all 3 methods above is based on production from the sale of Insurance and Financial products.   Production Methods   • Premium Method Of the total eligible new paid premium for 2013, a minimum of  Rs. 16,72,200 (50% of the entry level MDRT requirement) must come from products listed in the Unlimited Credit category (see below).   • Commission/Fees Method Of the total eligible Commission/Fee paid, a minimum of  Rs. 4,18,050 (50% of the entry level MDRT requirement) must come from products listed in the Unlimited Credit category (see below).   • Income Qualification Method Of the total eligible annual gross income for the year, a minimum of  Rs. 4,18,050 must be income from new business generated in 2013. Further, a minimum of Rs. 4,18,050 must be derived from income associated with products listed in the Unlimited Credit category. It is possible that the same business, for example the sale of new life insurance policies, could satisfy both requirements.   Eligibility Criteria   ·   First-time applicants for MDRT must use either the commission or premium method to apply for membership. Only applicants who have had prior MDRT membership are eligible to apply using the income qualification method.   ·   Any business written on the applicant, applicant’s spouse or dependents may not exceed a maximum of 5% of the current year's MDRT production requirement.   ·   Override commissions, training allowances and bonuses do not qualify under the commission/premium method.   ·   MDRT membership is granted for one year only. You must apply for and be approved for MDRT membership annually in order to maintain your status as an MDRT member and your eligibility to use the MDRT logo on your name card. Former member may not use the MDRT logo on their name card.   ·   Products eligible in the Unlimited Credit category * -    Individual Life Insurance with Riders - 100% credit under commission/premium method. -    Group Life Insurance plans - 100% credit under commission method 10% credit under premium method (Eligible in the first year of the policy only. Additions to the group policy in subsequent years are not eligible for credit.) -    Single premium plans, Top-ups and Annuities - 100% credit under commission method and 6% credit under premium method   ·   Products eligible in the Limited Credit category * -    Health care (Individual) - 100% credit under commission/premium method. -    Group Health - 100% credit under commission method and 10% credit under premium method (Eligible in the first year of the policy only. Additions to the group policy in subsequent years are not eligible for credit.) -    Mutual funds - 100% credit of all commissions under commission method and 6% of new money invested under premium method   * For complete details kindly visit http://www.mdrt.org/membership/MembershipRequirements.asp Or contact the MDRT India Service Desk at 022 67084180 or MDRT...@mci-group.com      Wishing you all the best to reach your MDRT Production Goals for 2013 in this final quarter!    Warm regards and have a great Diwali,                                                                                              Priti Kucheria       CFPCM, LUTCF, FSS, AMFI / IRDA / NCFM Certified     Qualifying & Life Member, Million Dollar Round Table USA, Top of the Table (2002 to 2013)     Assistant Director, PGA Power Center Task Force – MDRT Conference Philadelphia (2013)     Director, Speaker Relations Committee, Task Force - MDRT Conference Hyderabad (2013)     Member, Content Development Committee, MDRT (2012-13)     Area Chair (West), Membership Communications Committee, MDRT Zone #4 (2012-13)     Company Chair, ICICI Prudential Life Insurance Co. Ltd, MCC MDRT Zone #4 (2005 to 2012)     Flag Bearer representing India at MDRT Conference Atlanta (2011)     Director, Wealth Guardian Services Private Limited     59, Jolly Maker Chamber No.2, Nariman Point, Mumbai 400021, India     Cell: +91-9322286103     MDRT Experience Meeting 2014 - February 13 to 15, Kuala Lumpur, Malaysia     Annual Meeting 2014 - June 8 to11, Toronto, Ontario, Canada

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