Life insurers hit it off at MDRT qualifiers - The Economic Times

     Life insurance companies are making it big in the qualifying round of the Million Dollar Round Table (MDRT), the global organization of insurance agents who are recognized for achieving the highest sales targets.

     ICICI Prudential registered the highest number of MDRT qualifiers among private insurers at 533 in calendar 2004, which was a year-on-year growth of almost 300%. Tied advisors were the single biggest group of MDRT qualifiers. When contacted, Ms Shikha Sharma, Managing Director, ICICI Pru Life, said, "The main focus is always on training and retraining of agents. Results don't happen in a year and we've invested a lot in the selection process to achieve these numbers today. While Mumbai and Delhi produced the highest numbers, the biggest gainer for the company has been Kerala, which saw a huge jump in numbers".

Ever Wondered whether Insurance was a must for you and the family? Do you Feel constrained by the absence of an expert who could tell you who should be insured and For How Much? Well the answer is here with us! And Any Time Any Details, Do not hesitate to call.

Goals

The main purpose of a financial adviser is to assist clients in the planning and arrangement of their financial affairs, such as savings, retirement provisions, tax treatment and wills. To ensure ethical practices, financial advisers must understand a client's financial situation as well as their need for financial stability. Finance can be complicated and any adviser has responsibilities ethically to see that a client's risk is minimized, and monetarily, that money is maximized.

Retirement

One of the major services that financial advisers offer is retirement planning. A financial adviser should have knowledge of budgeting, forecasting, taxation, asset allocation, and financial tools and products to establish realistic goals and the strategy by which to reach them. In India, this will include the use of several investments such as Individual Retirement , mutual funds, stocks, bonds and FDs.

The financial adviser determines what percentage of the available income is necessary—taking into account tax liabilities, expected inflation, and projected return on investment—to meet a minimum balance by the client's target age of retirement. This is a fairly straightforward calculation, and many automated tools do this. The financial adviser's greatest contribution is asset allocation: determining how to maximize the return on investment while satisfying the client's risk tolerance.

About MDRT

The Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an international, independent association of more than 31,500 members, or less than 1 percent, of the world's life insurance and financial services professionals from 464 companies 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.

Mission

To be a valued, member-driven, international network of leading insurance and investment financial services professionals/advisors who serve their clients by exemplary performance and the highest standards of ethics, knowledge, service and productivity.

  Enquire Now     Refer a Friend

Mr. Azad from Chennai qualified MDRT member from ICICI Prudential Life Insurance Co. Ltd, Adyar, Chennai. His success is only the confidence getting from the public. He is also doing Mutual Fund and Real Estate.

Mr. Azad use to say:
                I never market product to the public.
                I will market my knowledge to them
                I never collect premium from customer
                I will collect confidence from them. 

   Mr. Azad traveling all over Tamil Nadu to assist and help the valuable customers who use to call him for personal discussion. With out any obligation, he use go from Chennai to Kanyakumari. That is the commitment and success.

 India's representation on the prestigious Million Dollar Round Table now exceeds one per cent of the total worldwide membership following the opening up of the insurance sector to private competition.
       
What ICICI Prudential is offering to their advisor?
       * Unlimited earning potential 
* A clear career path    * All round support through exclusive advertising, your own in-house consultant, and world-class training.   * A comprehensive benefit package.
  Enquire Now       Refer a Friend