December 7, 2022

Life insurance in India, despite its population of nearly 140 crore, is still in its infancy. It is therefore imperative to purchase adequate life insurance coverage to protect the future years.
NEW DELHI: Tata AIA Life Insurance Co. Ltd. (Tata AIA) on Friday said that 1,496 of its life insurance agents have qualified for the Million Dollar Round Table (MDRT) as of 1 July, making the company the leading MDRT company in the in life insurance space in India. With a global ranking of nine, the company has also entered the elite list of the world’s top 10 MDRT companies.
Of the 1,496 MDRT Agents who qualified, 689 were women, making up 46% of the overall MDRT agent count. Tata AIA Life ranks 15 worldwide for the induction of top qualifying women advisors as of 1 July.
MDRT is a global, independent association of the world’s largest life insurance and financial services professionals from more than 500 companies in 70 countries and territories. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct, and outstanding client service. MDRT membership is recognised internationally as the 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 Tahilyani, Managing Director & Chief Executive Officer, Tata AIA Life Insurance, said, “We are delighted with the fact that our champion Advisors and Team Agency have led Tata AIA to be ranked No. 1 in India in terms of most MDRT agents in life Insurance companies in India. India’s life insurance industry holds tremendous potential, and a professional Agency force of knowledgeable and accomplished advisors can act as a catalyst to enabling the penetration and growth life insurance industry in India and scale new highs. We are committed to empowering our Advisors and fast-track their path to MDRT membership, providing them a rewarding and fulfilling career opportunity.”
MDRT Qualifiers are known to put consumer interests before financial gains and are accorded the highest trust. MDRTs, being top performers in their industry, are expected to be highly ethical, upholding not only their agency’s code of ethics but also that of the organisation they represent.
Amit Dave, Chief Agency Officer, Tata AIA Life Insurance, added, “Our mantra is doing the Right thing in the Right way with the Right People. We prepare our Advisors with the Right knowledge, Right attitude, and Right skills to engage consumers in a transparent and informative way. The achievement underlines the positive transformation of our Agency force and reinforces our belief that our advisors are among the finest in the world. By creating, enhancing the core of our Agency model, we at Tata AIA aim to set new standards in India for consumer centric insurance sales and distribution.”
AIA Group, the joint venture partner in Tata AIA Life, also set a record during the year to become the company with the highest number of MDRT members for an unprecedented eight consecutive years. 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, despite its population of nearly 140 crore, is still in its infancy. It is therefore imperative to purchase adequate life insurance coverage to protect the future years.
Download the Mint app and read premium stories
Log in to our website to save your bookmarks. It’ll just take a moment.
You are just one step away from creating your watchlist!
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
Your session has expired, please login again.
You are now subscribed to our newsletters. In case you can’t find any email from our side, please check the spam folder.
This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp

source

Leave a Reply

Your email address will not be published.