Awards structure
Ranking Awards
Financial Consultants
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Financial Consultant of the Year
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Qualifying Financial Consultants
Top 10 FCs appointed before 1 January 2022 with the highest qualifying PRUCredit$.
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Qualifying Criteria
- At least a Premier Gold Award Qualifier of the Premier Financial Consultant Award.
- Annualised RP from EBS to be capped at $120,000.
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Rookie Financial Consultant of the Year
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Qualifying Financial Consultants
Top 3 FCs appointed from 1 January 2022 with the highest qualifying PRUCredit$.
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Qualifying Criteria
- At least a Premier Bronze Award Qualifier of the Premier Financial Consultant Award.
- Annualised RP from EBS to be capped at $120,000.
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Senior Financial Consultant of the Year
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Qualifying Financial Consultants
Top 3 SFCs appointed from 1 January 2022 with the highest qualifying PRUCredit$.
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Qualifying Criteria
- At least a Premier Bronze Award Qualifier of the Premier Financial Consultant Award.
- Annualised RP from EBS to be capped at $120,000.
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Executive Financial Consultant of the Year
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Qualifying Financial Consultants
Top 3 EFCs appointed from 1 January 2022 with the highest qualifying PRUCredit$.
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Qualifying Criteria
- At least a Premier Bronze Award Qualifier of the Premier Financial Consultant Award.
- Annualised RP from EBS to be capped at $120,000.
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Master Financial Consultant of the Year
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Qualifying Financial Consultants
Top 3 MFCs appointed from 1 January 2022 with the highest qualifying PRUCredit$.
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Qualifying Criteria
- At least a Premier Bronze Award Qualifier of the Premier Financial Consultant Award.
- Annualised RP from EBS to be capped at $120,000.
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Financial Consultant of the Year (Protection)
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Top 3 FCs with the highest qualifying production of Protection PRUCredit$ products.
- Protection Category to include production from Medical, Protection and Riders category.
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Financial Consultant of the Year (Life Club Sum Assured)
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Top 3 FCs with the highest qualifying total Sum Assured.
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Enterprise Business Solutions Award
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Enterprise Business Solutions
Top 3 FCs with the highest qualifying production of Enterprise Solutions PRUCredit$.
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Agency Leaders
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Agency of the Year (GAM)
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Top 3 in each of the following categories with the highest qualifying PRUCredit$:
- Financial Services Director
- Senior Financial Services Manager
- Financial Services Manager
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Qualifying Criteria
- At least a Premier Silver Award Qualifier
- Annualised RP from EBS to be capped at $120,000.
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Agency of the Year (GAL)
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Top 3 in each of the following categories with the highest qualifying PRUCredit$:
- Financial Services Director (including SFSD)
- Senior Financial Services Manager
- Financial Services Manager
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Qualifying Criteria
- At least a Premier Silver Award Qualifier
- Annualised RP from EBS to be capped at $120,000.
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Group Agency of the Year (GAM)
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Top 3 Group Financial Services Director (GFSD)* with the highest qualifying PRUCredit$.
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Qualifying Criteria
- At least a Premier Silver Award Qualifier
- Annualised RP from EBS to be capped at $120,000.
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Group Agency of the Year (GAL)
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Top 3 Group Agency Leader (GAL)# with the highest qualifying PRUCredit$.
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Qualifying Criteria
- At least a Premier Silver Award Qualifier
- Annualised RP from EBS to be capped at $120,000.
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Rookie Agency of the Year (GAM)
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Top 3 AFSMs promoted in 2023 with the highest qualifying PRUCredit$.
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Qualifying Criteria
- At least a Premier Bronze Award Qualifier
- Annualised RP from EBS to be capped at $120,000.
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Agency Quality Award
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Qualifying Agency Leaders
Top 3 ALs appointed on or before 1 February 2022 with the highest Average Premium Payment Rate
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Qualifying Criteria
- At least a Premier Bronze Award Qualifier
- Annualised RP from EBS to be capped at $120,000.
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Premier Recruiter Award
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Qualifying Agency Leaders
Top 3 ALs with the highest number of direct Qualifying New FCs
- At least a Premier Bronze Award Qualifier
- Annualised RP from EBS to be capped at $120,000.
- For newly promoted AFSMs in 2023 (excluding those promoted during the January promotion window), only Qualifying New FCs appointed from the date of promotion of the new AFSM will count towards him / her. Qualifying New FCs who are appointed prior to the promotion will count towards the upline AL for the purpose of this award
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Qualifying Criteria
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A Qualifying New FC is an FC who meets all of the following:
- Appointed in year 2023
- Achieve at least the Prudential Performance Standards (PPS) AND
- Still contracted with PACS at the end of the qualifying period
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Agency Leader of the Year (Protection)
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Top 3 ALs with the highest production of Protection PRUCredit$ products
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Agency Leader of the Year (Sum Assured)
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Top 3 ALs with the highest qualifying Sum Assured.
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Enterprise Business Solutions Awards
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Qualifying Agency Leaders
Top 3 ALs with the highest qualifying Enterprise Solutions PRUCredit$
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Premier Awards
Financial Consultants
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QUALIFYING CRITERIA UPDATED
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Personal Production:
Multi-Million Dollar FC APEX SUMMIT PLATINUM GOLD SILVER BRONZE PRUCredit$ 2,800,000 2,015,000 1,350,000 1,000,000 740,000 520,000 340,000 Minimum RP 1,400,000 1,007,500 675,000 500,000 370,000 260,000 170,000 PRUCredit$ Own Life Cap 560,000 403,000 270,000 200,000 148,000 104,000 68,000 EB RP Cap 120,000 120,000 120,000 120,000 120,000 120,000 120,000 Min Case Count 48 36 NA* AND Average PPR 92% SPP 80% -
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PREMIER BRONZE QUALIFYING CRITERIA FOR FCS ≥ 25 YEARS^
PRUCredit$ 306,000 Minimum RP 153,000 PRUCredit$ Own Life Cap 61,200 AND Average PPR 92% SPP 80%
Agency Leaders
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QUALIFYING CRITERIA BY DIRECT UNIT
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Direct Unit Production:
APEX SUMMIT PLATINUM GOLD SILVER BRONZE PRUCredit$ 13,400,000 6,750,000 5,450,000 4,100,000 2,790,000 1,480,000 Minimum RP 6,700,000 3,375,000 2,725,000 2,050,000 1,395,000 740,000 PRUCredit$ Own Life Cap 2,680,000 1,350,000 1,090,000 820,000 558,000 296,000 AND Average PPR 90% SPP 80% -
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QUALIFYING CRITERIA BY GAM and GAL# GROUP
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Group Production of:
APEX SUMMIT PLATINUM GOLD SILVER BRONZE PRUCredit$ 26,700,000 13,500,000 10,900,000 8,200,000 5,600,000 3,650,000 Minimum RP 13,350,000 6,750,000 5,450,000 4,100,000 2,800,000 1,825,000 PRUCredit$ Own Life Cap 5,340,000 2,700,000 2,180,000 1,640,000 1,120,000 730,000 AND Average PPR 90% SPP 80% -
Other Awards
Private Wealth Consultant
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Private Wealth Consultant of the Year Award
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Qualifying Criteria
Top AIPI producer in the year (only cases of minimum 10K AIPI and above will be considered for this award).
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Ethics & Conduct
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Ethics & Conduct
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ELIGIBILITY
- All Financial Consultants are eligible to qualify through nominations by ALs, FCs, and PACS corporate staff
- Total of 12 awards for ECA 2024 (ALs and FCs)
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QUALIFYING PERIOD
1 January 2023 to 31 December 2023
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QUALIFYING CRITERIA
- As at 31 Dec 2022:
- Achieved minimally Prudential Performance Standard (PPS)
- Minimum 3 years of service
- Persistency/APPR of 98%
No adverse records from Fit & Proper Declaration
- Compliance Records:
- BSC Grade A from Measurement Quarter 1 2021 to date*
- No sanctions issued by Market Conduct (inclusive of ITC/LOW) from Jan 2021 to date*
- FC 360 score of Green from Jan 2022 to date*
- Has not shown unprofessional conduct towards corporate employees*
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