What is MDRT:

Founded in 1927, Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an international & independent association of more than 39,000 members in 82 countries & territories. The name was derived from a group of 32 successful life insurance agents who had met at the PeaBoy Hotel, Memphsis, Tennessee, USA. Each one of the agent present at the meeting could demonstrate that they had sold more than $1,000,000 of life insurance that year. The meeting was focused on helping the agents to enhance sale abilities along with improving technical knowledge and also maintaining ethical standards or practice in the industry.
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.

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.

Benefits of Becoming an MDRT Agent in LIC

Here’s why life insurance agents at LIC strive to be a member of the MDRT. 

• It opens up several avenues for future growth in terms of income and job prospects. 

• It comes with opportunities to attend exclusive events held globally. 

• Member can interact and network with leading finance professionals across the world and learn from their expertise. 

• The opportunity to be a member acts as a motivating factor that subsequently leads to increased sales and higher commissions. 

• Membership at the MDRT could potentially mean access to high net worth individuals that can lead to bigger opportunities with better pay. 

• It offers permits for international training and professional development programs. 

Eligibility Conditions for LIC Agents to Qualify for MDRT 

If you are a life insurance sales agent at LIC and if you are looking to qualify for the MDRT membership, you shall have to meet certain criteria. The latest ones are:

MDRT Qualification Requirements

• First Year Commission – Rs.7,34,200

• First Year Premium – Rs.29,36,800

• Annual Income – Rs.12,71,600

Court of Table (COT) Qualification Requirements

• First Year Commission – Rs.22,02,600

• First Year Premium – Rs.88,10,400

• Annual Income – Rs.38,14,800

Top of Table (TOT) Qualification Requirements

• First Year Commission – Rs.44,05,200

• First Year Premium – Rs.1,76,20,800

• Annual Income – Rs.76,29,600

Please note that the qualification requirements are subject to changes as per the discretion of the MDRT Board of Leadership. Further, you only need to meet these criteria if you are leveling up, say from MDRT to COT/TOT or from COT to TOT. If you are applying for the same level for which you have met the previous year’s requirements, you do not have to meet updated requirements again.

How to Apply for Membership to the MDRT?

• Visit the official website of MDRT.

• Click on ‘Join.’

• Under ‘View membership requirements for’, select India. 

• Go through the production requirements. 

• Download the relevant forms.

• Submit the following documents:

  • Official letter from LIC that verifies your reported production 

  • Commission and premium certifying forms

  • Income from

• Click on ‘Apply for Membership.’

• Pay the requisite membership fee as per the level that you are applying to. It can range from USD 550 to USD 1,100.