Display - MDRT
Display - MDRT
Display - MDRT
ACC2020 - 05
MDRT
RISING
CONVENTION
2020
EXCELLENCE
SUCCESS
EXPERIENCE
Rising MDRT Convention
A) Contest Period
01 January 2020 – 31 March 2020.
B) Eligibility
1. Personal Sales: Y1Y2 Agents.
- Y1 Agent: Contracted from 1 January – 31 March 2020 Only.
- Y2 Agent: Contracted in 2019 Only.
2. Direct Unit: Recruitment by Agency Leaders.
C) Requirements
1. The requirements for this contest are as follows:
Requirements
Category Eligibility Rewards
1 Jan – 31 Mar 2020
Direct Unit Agency Leaders 2(Two) Y1Y2 Agent Qualifiers 1 x Convention in Langkawi
2. All PAMB/PBTB New Business eSub cases and all PAMB/PBTB eSub production must be submitted on or
after 1 January 2020 and captured within the qualifying period.
2.1. For case count requirements, endorsements will not be counted.
2.2. For TPC requirements, all endorsements will be counted as eSub.
ACC2020-05 Page 1
The General Provisions on page 3 will apply to all contests in this circular.
5. Treatment for eSub:
5.1. Counted:
5.1.1. New Business cases that are submitted via PRUway plus / PruBSN mobility (“eSub platform”).
5.1.2. New Business cases that are not available on the eSub platform.
5.2. NOT Counted:
5.2.1. New Business cases that are available on the eSub platform but were not submitted via the eSub
platform.
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The General Provisions on page 3 will apply to all contests in this circular.
D) Case Count
1. Minimum case size for all New Business eSub is 1,800 Life API / ACI and will be counted as 1.0 case.
1.1. Exception: PRUlady, PRUcancer X, PruBSN WarisanPlus and PruBSN AnugerahPlus with case size below
1,800 Life API / ACI will be counted as 0.5 cases.
2. The total number of cases will be rounded down, e.g. 1.5 cases will be counted as 1 case.
3. All Single Premium / Contribution Products, PSA and Cash Builder will not be counted.
3.1. Exception: PRUwealth PRUallocator, PruBSN Warisan Saver, PruBSN Warisan Plus Allocator, Platinum
Saver, and Anugerah Medic Allocator will be counted as 100% Life.
E) Production Credit
1. TPC = A (Conventional Life + Takaful Life) + B (Credit Points)
3. B (Credit Points)
3.1. Consists of 10% count for Single Premium / Contribution Products, 10% PSA and 10% Cash Builder.
3.1.1. All other PSA products not mentioned in 2.2 will be counted at 10%.
3.1.2. Unit Trust, Group Insurance and Mortgage (MRTA) production will not be counted.
3.2. (B) is subject to a maximum of 25% of (A).
A) Y1Y2 Agents
Y1 Agents: Agents who are contracted in 2020.
Y2 Agents: Agent who are contracted in 2019.
C) Rejoined Agent
Months from Date of Termination / Resignation
Origin of Incoming Agent
≤ 18 months > 18 months
New Agent New Agent
Formerly from other insurer
Must use eSub Must use eSub
Rejoined Agent New Agent
Formerly from PAMB
Must use eSub Must use eSub
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The General Provisions on page 3 will apply to all contests in this circular.
General Provisions
1. Treatment of SST
1.1. SST payment amounts will not be counted as part of production, or for persistency calculations.
3. Treatment of rewards.
3.1. All qualifiers must maintain a valid contract with the Company at the time of receiving the reward.
3.2. Reward items won are strictly non-transferable, non-refundable and not exchangeable in lieu of cash
or any other benefits in kind, unless otherwise specified.
3.3. Incentive Trip rewards will be managed according to the Agency Incentive Trip Management Guidelines,
unless otherwise specified.
3.4. Rewards are subject to tax, in accordance with the requirements of the Inland Revenue Board (IRB).
4. Production / case count from new business / endorsements which are found to be reduced or cancelled,
within the contest period or within 6 months from the end of the contest period, will be adjusted accordingly.
4.1. The adjustment applies to CFI, lapsation, removal of riders, and any other action that causes a reduction
in premiums / contributions.
4.2. The Company reserves the right to claw back rewards, where applicable.
7. The Company reserves the right to disqualify any Agency Leader / Agent from receiving the relevant awards,
or claw back the relevant rewards, in the following situations, but not limited to these situations only:
7.1. The Agency Leader / Agent is found to have breached any requirements stipulated by the Company, or
any provision in his/her Agency Agreement with the Company, or if he/she is found to have breached
his/her fiduciary duties to PAMB.
7.2. The Agency Leader / Agent has placed production / case count under their spouse, under any other
Agency Leader / Agent.
7.3. The Agency Leader / Agent has policies that are detected under premium churning.
8. The Company’s decision on all matters relating to any contest or reward will be final and binding on all persons
participating in the contest or reward.
8.1. The Company reserves the right at its absolute discretion to amend, delete or add to any of the rules and
general provisions from time to time, if and when it is necessary, without prior notice.
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The General Provisions on page 3 will apply to all contests in this circular.