Kathmandu. Today is the last day of 2025. Agents will qualify for the Million Dollar Round Table (MDRT) for 2026 based on their business as of date in 2025.
The insurance company is eligible on the basis of a period of 12 months from January to December of the year. Since there is only 1 day left for the calendar to change, the agents who are close to the business goal are being laughed at by the branch manager of the insurer and the top management. Current fiscal year 2082. For insurance companies, the increasing number of MDRT-qualified agents is also a relief as the first half of 83 is due to meet the target.
What is MDRT?
The Million Dollar Round Table is an international organization of financial advisors and insurance agents. Each year, the organization sets different business goals for its membership distribution for agents from across the country. Agents who meet the specified business goals can get membership for one year by paying the membership fee. In order to renew membership, you have to meet the professional goals and qualify. Re-membership fees must be paid.
What is the eligibility criteria?
Under MDRT, there are three levels of merit order. The first is the MDRT, the second is the Court of the Table (COT) and the third is the Top of the Table (TOT). Different goals are set for each tier based on total insurance premium, commission income and remuneration income.
How much does cost?
The MDRT World Conference will be held in Sydney, Australia from August 23 to 26. For this, the fee and other expenses to be borne by the agent at personal expense are given here:
Subscription fee
}
- MDRT: $600 USD(Rs. 86,257)
- COT: $650 USD(Rs. 93,446)
- TOT: ~$1,150 USD(Rs. 1,65,327)
}
}
Conference Participation Fee:
}
- $1,295 USD(Rs. 186,173)
Visa Application Fee
}
- $200 USD(Rs. 28,752)
}
Air Ticket Fee
}
- Minimum Rs. 1,15,000
}
Hotel Bus Cost: {
- Estimated Rs. 50,000
What do you get?
The opportunity to travel abroad at personal expense and participate in international forums is an attractive aspect of MDRT. It also allows agents to build international relationships and hear from successful financial advisors.
