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New York Life unveils statue of Indian American Jaydev Patel, most successful agent in company history

October 10, 2024

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New York Life’s top performing agent Jaydev Patel poses next to his statue. PHOTO: Courtesy New York Life

To honor Jaydev Patel as the most successful agent in the history of New York Life, the company announced recently that it has unveiled a statue recognizing his extraordinary career accomplishments. The statue sits in a terrace garden adjoining the Jaydev R. Patel Conference Center, a new, state-of-the-art collaboration space in New York Life’s Home Office. The Center was dedicated in Patel’s honor last October, marking his 50^th year of service to the company.

“The statue’s placement, seated on a bench, will allow anyone visiting the conference center to take a photograph with Jay, which is fitting given the many agents and advisors across the country that he has inspired and mentored during his long career,” Mark Madgett, executive vice president and co-head of New York Life’s Foundational Business, is quoted saying in a September 26, 2024, press release.

Patel has qualified for New York Life’s Chairman’s Cabinet, a group of New York Life’s top 50 agents based on sales excellence, every year since its inception. A decade into his career, he earned the title of New York Life council president in 1983 – the highest honor the company can bestow to an agent. Having qualified for 50 years, he’s a life member of the Million Dollar Round Table, one of the most distinguished groups in the life insurance industry globally, as the standard of excellence for sales performance.

Despite his numerous achievements over the course of his outstanding and ongoing career, Patel shared that he measures success by the number of lives he has protected and the impact he’s had on his clients and their families, the press release said.

“I personally think there is no other profession, if practiced with integrity and compassion, that provides as much personal satisfaction,” explained Patel. “I truly enjoy my work. No matter how many hours I’ve put in over the years, they’ve never been the same as hours spent working for someone else. The greatest blessings of this business are the opportunities to serve and make meaningful impact, while also controlling one’s own destiny.”

Over the years, Patel has also been involved in philanthropic work. In particular, he spearheaded and oversaw the renovation of three schools in his hometown, including two high schools and a primary school in Sojitra, India.

New York Life said Patel’s personal success has played a pivotal role in inspiring many others to become agents and in furthering New York Life’s commitment to continuously invest in the career agency model by building a strong presence in the cultural markets, a significant growth area for the company today.