The Million Dollar Round Table (MDRT) is an association for leading sales professionals in insurance and financial services worldwide. It has more than 28,000 members from 74 countries, among these are 1,063 from Hong Kong.
To be eligible, an individual must reach a productivity target: for Hong Kong, the producers need to earn a minimum commission of HK$433,000 in a year. The amount is set against other professionals, such as doctors or accountants, who are earning a similar sum.
An MDRT membership is a career milestone as it indicates achievement and brings recognition.
'It is the commission amount that helps members get into the door. However, upon joining us they are all tied to stringent professional ethical requirements to make them stay with us,' says Richard Sullenger, president, MDRT.
To many members, the organisation opens the door to a new world of knowledge, motivation and professionalism.
MDRT was established in 1927 in the United States by a group of insurance producers, aimed at creating a forum to promote a high standard and a professional approach to life insurance sales and services. Over the years, the association has been recognised as a highly prestigious one as well as a seal of excellence for the public.