LIC India's Minimum Business Guarantee (MBG) norms for an LIC agent, during the agency year are : An agent has to achieve – EITHER 6 different lives AND Rs. 50,000/- First Year Premium Income (FYPI) OR 12 different lives OR Rs. 1 Lac First Year Premium Income … [Read more...] about What is Minimum Business Guarantee (MBG) norms for LIC Agents?
Archives for September 2016
How to Update your LIC Policy Contact details Online?
Now the LIC India policyholder can also update policy contact details in their policies online on the LIC portal. Step 1: Go to LIC India Website's “Help us to serve you better” Link. Step 2: Update Your Contact Details web page will open. Enter Policyholder's Full Name, … [Read more...] about How to Update your LIC Policy Contact details Online?
How to File Claim under Online Term Insurance?
Most of us brought online/offline term insurance plans from various private companies. Let now learn the claim process: Step 1 - Notify the insurance company: You should contact the insurance company as soon as possible. You can use any method via email, phone, fax, letter … [Read more...] about How to File Claim under Online Term Insurance?
How to Qualify (Commission, Premium & Income Requirements) for MDRT Membership – 2017?
Membership to MDRT is based on agent productivity and includes criteria to meet certain level of premium, commissions or income during the year. For Court of Table (COT) and Top of Table (TOT), the criteria are even tougher with significantly higher commissions and premiums being … [Read more...] about How to Qualify (Commission, Premium & Income Requirements) for MDRT Membership – 2017?
How to Register for MDRT Membership?
First check, whether you meet Commission, Premium & Income Requirements for MDRT Membership. Things you need: 1. Requirements: Premium, commission or income during the previous calendar year 2. MDRT ID number 3. Certifying letters: Upload from Certifying letters … [Read more...] about How to Register for MDRT Membership?
What is MDRT (Million Dollar Round Table)?
MDRT is short form of Million Dollar Round Table and founded in 1927. MDRT is an international, independent association of finance professionals that has representation from more than 450 companies. Today, MDRT is a thriving association of over 40,000 members representing 76 … [Read more...] about What is MDRT (Million Dollar Round Table)?