New Delhi: Tata AIA Life Insurance Company Ltd (Tata AIA) on Friday said 1,496 of its life insurance agents have qualified for the Million Dollar Round Table (MDRT) as of July 1, making the company the world’s leading MDRT. The company has become in the life insurance sector in India. With a global ranking of nine, the company has also entered the elite list of top 10 MDRT companies in the world.
Of the 1,496 MDRT agents who qualified, 689 were women, which is 46% of the total number of MDRT agents. Tata AIA Life is ranked 15th worldwide to include top qualified women consultants as of 1st July.
MDRT is a global, independent association of the world’s largest life insurance and financial services professionals of over 500 companies in 70 countries and territories. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and excellent customer service. MDRT membership is internationally recognized as a standard of excellence in the life insurance and financial services industry. MDRT membership provides access to a full spectrum of forums that help members increase their productivity and professionalism.
Naveen Tahilani, Managing Director and Chief Executive Officer, Tata AIA Life Insurance, said, “We are delighted with the fact that our champion advisors and team agency have ranked Tata AIA as No. 1 in terms of most MDRT agents in India. Life insurance companies in India. India’s life insurance industry has tremendous potential, and a professional agency force of knowledgeable and skilled consultants can act as a catalyst to enable the penetration and growth of the life insurance industry in India and scale new heights. We are committed to empowering our mentors and fast-tracking their path to MDRT membership, providing them with a rewarding and fulfilling career opportunity.”
MDRT qualifiers are known to put consumer interests before financial gains and are given utmost confidence. MDRTs, being the top performers in their industry, are expected to be highly ethical, not only of their agency’s code of conduct but also of the organization they represent.
Amit Dave, Chief Agency Officer, Tata AIA Life Insurance said, “Our mantra is to do the right thing in the right way with the right people. We provide our advisors with the right knowledge, right approach and right skills to connect consumers in a transparent and informative manner. This achievement underscores the positive transformation of our agency force and reinforces our belief that our advisors are among the best in the world. We aim at Tata AIA, by raising the core of our agency model To set new benchmarks in India for consumer centric insurance sales and distribution.”
AIA Group, a joint venture partner in Tata AIA Life, also set a record for becoming the company with the most MDRT members for eight consecutive years during the year. As of 1 July 2022, 15,745 AIA agents and agency leaders were registered as MDRT members. Since the company’s IPO in 2010, the number of MDRT members has increased by an impressive 768%.
Life insurance in India is still in its infancy despite a population of about 140 crores. Hence it is imperative to buy adequate life insurance coverage to protect future years.
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