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To qualify for the Million Dollar Round Table (M.D.R.T.) in 2012, an insurance agent needed to achieve a commission of $100,000 in qualifying business. This amount represents the minimum requirement to gain membership in this prestigious organization, which recognizes top professionals in the insurance and financial services industry. Achieving this level of commission typically involves demonstrating exceptional sales skills and client service.
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What is premium target for lic mdrt?
The premium target for Lic MDRT is Rs.30.70 Lacs in a calender year. Alternatively, commission earning in a calender year should be Rs.7.50 lacs to achieve MDRT target. If the achiever fails to achieve the target next year, his MDRT accreditation will be cancelled for that year.
What is MDRT?
MDRT, or the Million Dollar Round Table, is an international association of financial professionals recognized for their high level of sales performance and ethical standards. Established in 1927, it serves as a platform for networking, professional development, and sharing best practices among its members. To qualify for MDRT membership, financial advisors must meet specific production requirements, demonstrating their commitment to excellence in the financial services industry.
Who is the first MDRT Qualifier for the year?
Professor Sharad P Chavan, agent, Life Insurance Corporation of India ( LIC, ) Sangli branch in Maharashtra has qualified for the Million Dollar Round Table ( MDRT ) for the year 2009! On 1st of JANUARYThe Satara based Prof. Chavan dedicated his achievement to the faith reposed in him by his clients who trusted his advice even during a downturn and to Motivational Speaker & Sales Trainer, Mr.Syed Rafi, of Hyderabad. Mr.Syed Rafi represents Ascent Training & Consultancy Services.Professor Chavan is the First ever Indian to have Qualified for MDRT on the Day One. This makes the the achievement noteworthy.Mr.Chavan will be the first participant from India for the MDRT event to be held in the year 2010. He achieved this feat by completing 643 policies of sum assured Rs 5.71 crore, premium Rs 34.32 lakh and earning Rs 8,39,600 as commission excluding bonus on January 1, 2009.
What are your short-term and long-term career objectives?
This will vary based on the person. Some goals people set for themselves include:Getting a good jobStarting a familyBeing happyMaking moneyTrying to make the world a better placeI think it is important to know what are your short and long term goals are. Anyone going into an interview, should be able to visualize where they see themselves 3-5 years down the road.a) Envision where you see yourself in this continuum. If this is your first job for example since graduating from college, then start your strategy now in developing yourself professionally so you are in a position of increasingly more responsibility.b) Find out and ask if the company/firm offers an "employee professional development" program. Can you take courses/classes that will prepare you for more upward mobility, for job advancement/promotion, in leadership management?c) Maybe you would like to work from home sometimes, find out if the new employer/prospective employer offers this time of arrangement.
