Agents are entitled to get the gratuity at age 60/65 years after serving for minimum 15 years. At present the Maximum Gratuity amount payable is 2,00,000/- depending up on the amount of renewal commission paid during last 15 years before age 60.
MDRT membership is recognized internationally as the standard of sales excellence in the life insurance and financial services business.
To qualify for the membership of MDRT agents have to earn the prescribed First Year Commission excluding the Bonus Commission OR brings prescribed First Year Premium during the Calendar year.
Total 6114 agents from LIC of India qualified for MDRT 2012.
Total 4800 agents from LIC of India qualified for MDRT 2016 – No. 1 in World
|Sr. No.||Membership||Criteria||First Year Commission||First Year Premium|
|2||Court of the Table- COT||3 Times MDRT||26,22,000||1,04,88,000|
|3||Top of the Table -TOT||6 Times MDRT||52,44,000||2,09,76,000|
Through our training process we will make sure that you will qualify for Basic MDRT by the end of 3rd year of your agency.
First year Commission of TOP 10 TOT 2014 qualifiers from LIC of India:
|Rank||Name||Branch||First Year Commission Excluding Bonus Commission|
|1||Shri V VENKATESWARA RAO||Vishakhapatnam||2,05,09,585|
|2||Smt SANGITA MAHESHWARI||Indore||1,77,58,368|
|3||Shri BHARAT V PAREKH||Nagpur||1,09,52,152|
|4||Shri RAVINDAR JETHANI||Mumbai||1,01,24,090|
|5||DR.BALWANT SINGH CHIRANA||Delhi||88,11,908|
|6||Shri AUTI DATTATRAY JAYRAM||Mumbai||86,46,357|
|7||Shri PULKIT KHANDELWAL||Delhi||70,71,261|
|8||Shri BHIMAN DAS||Kolkata||67,92,431|
|9||Shri DEEPAK DHABALIA||Mumbai||66,31,879|
|10||Smt HEENA HITESH SHAH||Mumbai||66,01,442|
Out of Top 10 TOT-2014 qualifiers four are from Mumbai. This shows that insurance Awareness and Potential is more in Mumbai and People have more Trust in LIC.