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-I
A 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.4,98,39,022 +
Rs.4,02,00,000(LA)
=Rs.9,00,39,024
Rs.7,22,165 X 25
=1,80,54,125
Total
Rs.13,02,39,024
Payout
Rs.2,77,54,125
Final
Payout
Rs.97,00,000
Business Model-2: Innovative Combo ( SP + NSP )
(30 pols of Rs 10 Lac Prem)
Jeevan Akshay-VI
Jt Life Pension with
ROC
Age-40
Jeevan Tarang
Age-0, T/PPT-20/20
SA-Rs.13,50,000
Rs.9 Lac + Rs.27,810(ST)
=Rs.9,27,810
+65097 =
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)
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)
Prem
( Tot pension Recd-Rs.17.13
Lacs)
Rs.9,92,907(One
Time)
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– 3
Retire and Enjoy Packages
Age-35
Pension period Yly Prem. under plan 149 for
61-75
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 Life long Rs.30.75 Lacs
to Rs.30.75
risk cover
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
Business Model – 4
Limited Premium Payment Term Plans
9 Pols of 10 Lacs SA each under New Jeevan Shree-I with Term/PPT15/2. Example:Term
15 Yrs
Prem Paying
2 Yrs
Term
Age
Prem.
30
Rs.379,868
Maturity Rs.10 Lacs +
Value
Rs.7.10 Lcs, Bonus
= Rs.17.10 Lacs
Tot
Comm.
Sum Assured
10 Lacs
One time
Investment
Rs.379,868+
Rs.361,778
=Rs741,646
Returns
2.31 times
investment
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 Sales
Or
30 SP+NSP Product Combo
Or
21 R & E Packages
Or
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