American International Assurance Company (Bermuda) Limited

September 15, 2005 - Hong Kong - American International Assurance Company (Bermuda) Limited (AIA) launches a brand new plan, "Prestige Retirement 55/60/65", to meet market needs for retirement planning.

Mr. Jacky Chan, Vice President and Assistant General Manager said, "According to the statistics from the Hong Kong Census and Statistics Department in 2004, Hong Kong has a rapidly aging population. The average life expectancy for male and female is 78.5 years and 84.3 years respectively. 12% of the current total population are aged 65 years or above, and the group of elderly is estimated to reach 27% by 2033. The aging population will increase the demand for retirement planning services and products. In addition, Hong Kong residents have become more aware that they cannot rely solely on their Mandatory Provident Fund savings to maintain a high quality of living in their retirement years. Therefore, AIA has developed the "Prestige Retirement 55/60/65", specially designed to meet customers' needs."

"Prestige Retirement 55/60/65" offers the flexibility of 3 target retirement ages to choose from: 55, 60 or 65 years. The premium is guaranteed to remain level throughout the premium payment period. When the insured reaches the chosen target retirement age, guaranteed cash coupons equal to 5% of the basic sum assured will be paid, together with non-guaranteed annual dividends each year, while the policy is in force. The insured will receive these cash payments for as long as they live, there is no upper age limit imposed. So customers can leave their worries behind and enjoy their golden years of retirement.

In addition to taking care of customers' retirement needs, AIA is also committed to promoting health care concepts. "Prestige Retirement 55/60/65" provides the insured with free medical check-up every 2 years until the end of the premium payment period. If customers would like to have increased life protection, "Prestige Plus Retirement 55/60/65" is also available. "Prestige Plus Retirement 55/60/65" offers a death benefit that equals to 150% of the basic sum assured during the premium payment period. In the unfortunate event of the insured becoming totally and permanently disabled before age 60, the premiums will be waived (for standard case only). Moreover, customers can select from a full range of optional riders, including accident, medical, critical illness and disability to attach to the plan in order to enjoy a comprehensive coverage.

AIA is Southeast Asia's largest life insurer, with branch offices, subsidiaries and affiliated companies located in countries and jurisdictions including Australia, Brunei, China, Guam, Hong Kong, India, Indonesia, Japan, Macau, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. AIA markets a full line of life insurance products through a multi-channel distribution system, whose core franchise is an extensive agency force. AIA is a wholly-owned subsidiary of American International Group, Inc. (AIG), the world's leading international insurance and financial services organization.