LICI Recognises Top Perfomers
More than 100 Life Insurance Corporation of India (LICI) agents from all over Fiji attended a grand function to recognise the top performing agents at its Suva operations office last Friday.
The agents who had qualified for the membership of the prestigious “Million Dollar Round Table” (MDRT) and those who had collected a new business premium of a Million Dollar or more were specially honoured with a certificate, a trophy and a Sash. Agents featuring among the top 10 on number of new policies written and new premium procured were also felicitated with a certificate and a trophy.
Top Performers
Rakesh Narayan emerged as the No. 1 agent who qualified for the membership of “Court Of The Table” which requires an agent to perform at a level, 3 times higher than what is required for MDRT. 14 other agents qualified for membership of MDRT.
Kalpana Sharma was the only Double Millionaire agent having written 39 new policies with a premium of more than $ 2 million. Another 3 agents emerged as “Millionaires” having procured a premium of over $ 1 million.
With 358 new policies written in 2022, Satendra Nath became the No. 1 agent on that count.
The general manager of LICI Fiji Operations, thanked the agents for their contribution which helped the company show a growth of 47% on number of new policies and 50.14% on regular premium. He also thanked the customers for their patronage. He shared that in 2022, LICI settled 7732 claims of various types for an amount of $ 46.18 million. This includes 159 death claims paid for an amount of $ 3.36 million. The company invested $ 90 million in Fiji Infrastructure Bonds in 2022 which is the highest investment made by it in a financial year.
Regional Manager (West) of LICI Mahendra Bhadu reviewed the performance of the company and the agents for the FY 2022 and shared ideas for increasing the business in 2023.
He highlighted the performance of a few agents who had shown a tremendous growth in their business in 2022 over 2021, and urged other agents to take inspiration from them.