Life Insurance Round Table (LIRT), the Mumbai-based association of insurance professionals, is holding its 24th Annual Convention from September 18 to 20, 2011, in Kolkata under the leadership of Dr Ramakant Mahawar, President of the organisation for 2010-11. The qualifying conditions for attending the convention are Rs five lakh first-year commission with bonus during fiscal [...]

Life Insurance Corporation of India (LIC) has announced a defined contribution group pension scheme for its agents who are earning more than Rs 1 lakh as commission a year. Called Samvardhan, this Group Supernnuation Cash Accumulation Scheme, is voluntary and agents who have been with LIC for at least one year and with the stipulated [...]

After the very successful four-city MDRT Days events held in February 2010, MDRT Club India is holding MDRT Days in three cities in January 2011. The event is being held at Mumbai on January 16, Sunday.

Here are some common doubts that your clients may ask you and the appropriate responses to them. Q Can I pay through a bank account of a friend or relative while applying for MF schemes? A. No. If you don’t have a bank account, then you must open one and make a cheque payment from [...]

From November 15, 2010 your clients can make their mutual fund (MF) investments using only cheques from an account held in their name. When payment for a MF investment is made from a bank account other than that of the beneficiary investor, it is referred to as a “Third Party Payment”. In case of MF [...]

Life Insurance Corporation of India (LIC) has introduced a contributory pension scheme for its agents who are eligible for renewal commission and are earning less than Rs one lakh as commission per year.

The First ever MDRT European Meeting is ready to take off between February 2 and 4, 2011 at Athens, Greece and is open to all MDRT Members and non-members. MDRT Europe ClassiQ is, according to MDRT, the Olympics of the Financial World with all the elements of Greatness in terms of education, inspiration and entertainment. [...]

Mr R K Shetty, Mumbai based agent of Life Insurance Corporation of India (LIC) has been selected for Million Dollar Round Table’s (MDRT) 2011 Leadership and Volunteer Development Committee. He took charge on September 1, 2010. Last year Mr Shetty was Divisional Vice-President of MDRT, the first Indian to be selected to this post in [...]

Million Dollar Round Table (MDRT), the US based association of insurance agents is holding its 2011 MDRT experience meeting at Singapore from February 24 to 26. It will provide a taste of MDRT’s Annual Meeting with its high-energy, motivational, inspirational and educational sessions “that are sure to take you to a higher level of success,” [...]

Royal Sundaram Alliance Insurance Company’s Bengaluru Branch was conferred with the best branch award during the recently held regional business conference as it is the largest premium generating branch of the company. A grand award ceremony was also conducted in which 16 top performing agents were recognised with glittering trophies and certificates. The agents were [...]