LOLC Life Assurance, an associate company of LOLC Holdings PLC declared 56 members of their sales team as qualifiers for the Million Dollar Round Table (MDRT) membership including 03 Court of The Table (COT) winners for the year 2021. MDRT membership is the highest form of international honour bestowed upon Insurance advisors in the world.
The achievement by LOLC Life Assurance marks a ground-breaking milestone. This is the highest level of MDRT achievement earned by an Insurance company in Sri Lanka within their first ten years in operations. It is also the highest number of MDRT qualifiers produced by LOLC Life Assurance in a single year. This momentous achievement showcases a decade of commitment and the dynamism of the organization.
LOLC Life unfolded the new year with a winning spirit while setting new records to their own history. In view of that, ‘2022 Road to MDRT Launch’ was executed earlier this year together with a felicitation ceremony for the MDRT qualifiers. The event was held at Excel World, Colombo with the participation of the top management and staff.
In rendering higher appreciation for the greater achievements, all 56 of the MDRT achievers were presented with a fully sponsored overseas tour to Dubai. Further, the winners were appropriately cherished with a Gala Award ceremony held at the extravagant Crowne Plaza, Dubai and presented with certificates, medals and trophies. The event was graced by key officials of LOLC Life Assurance.
Congratulating all MDRT qualifiers of 2021, LOLC Life Assurance Chief Executive Officer, Ms. Nadika Opatha stated “It was a pleasure to be part of this winning team of 3 COT and 56 MDRT achievers on tour to Dubai to celebrate their commitment and success during a year filled with unprecedented hardships. We continue to reward our top achievers unstintingly which has been a hallmark of our success. With the strong LOLC Brand, leadership and astute drive for performance, I am confident of producing a larger number of winners for 2022.”
The Company ensures focused training for the MDRT achievers and higher performing advisors. Considering the importance of building professional financial advisors, recruitment camps are conducted regionally and achiever felicitation ceremonies are held regularly. LOLC Life Assurance always motivates the staff in diverse means to encourage them to achieve industry recognition and to deliver service excellence to their clientele.
LOLC Life Assurance ended 2021 with assets of Rs 9.6 billion, total income of Rs 4.8 billion, premium income of Rs 4.4 billion, a Life Fund of Rs 6 billion, an investment portfolio with a value in excess of Rs 8.7 billion and net profit of Rs 585 million.
It offers a range of tailor-made solutions that will help the customers face the unplanned and unforeseen changes in life. From customized Life Insurance plans, Pension plans, Child plans, Critical Illness plans to Home Loan protections, LOLC Life Assurance is committed to providing comprehensive Insurance solutions.
Million Dollar Round Table (MDRT) is a global, independent association of the world's leading life insurance and financial services professionals from more than 500 companies in 70 nations and territories. MDRT is internationally recognised as the standard of excellence in life insurance and financial services industries. MDRT is governed and managed by a five-member Executive Committee duly elected each year by the MDRT membership.
LOLC Life Assurance Winners at the Awarding Ceremony in Dubai