June 11, 2007, Hong Kong – American International Assurance Company (Bermuda) Limited (AIA) today announced the launch of a brand new plan, "Wealth FlexiProtector". The plan offers customers the flexibility to set their coverage and to adjust their portfolio mix according to changing financial needs.

"Wealth FlexiProtector" is a variable universal life plan featuring flexible payment and coverage. It offers clients the flexibility to customize their own insurance, savings and investment plans, allowing them to enjoy lifetime insurance coverage and long-term potential investment returns.

Mr. Thomas Lee, Vice President and Assistant General Manager of AIA said, "The brand new "Wealth FlexiProtector" integrates the triple benefits of insurance, savings and investment in a single plan, which cares for customers' lifelong financial needs. Protection level, premium amount and payment period can be adjusted to best suit their personal needs after policy issuance. Despite changes in required coverage and payment ability at different life stages, "Wealth FlexiProtector" can meet customers' needs."

"Universal life insurance is popular in overseas countries for its various benefits and has become a mainstream product in the insurance market of the United States. According to a survey conducted by Life Insurance Marketing and Research Association (LIMRA), the market share of universal life and variable universal life insurance products (for annualized premium) in the United States exceeded 50% for the first six months of 2006. Recently, as more and more Hong Kong people realize the importance of life protection, the demand for financial management services has been increasing dramatically. Universal life insurance products are alternatives because they offer them higher flexibility," Mr. Lee added.

"Wealth FlexiProtector" offers customers lifetime protection with 3 death benefit options, and protection level can be adjusted according to their financial needs. Increase in Current Face Amount will require evidence of insurability; while reduction is subject to Surrender Charge and the remaining Surrender Value must be sufficient to cover six months' fees and charges. Premium amount and payment periodcan also be changed if the Surrender Value is sufficient to cover the required fees and charges, and the regular payment of premiums can meet the minimum or maximum requirements.

"Wealth FlexiProtector" provides customers with high flexibility in investment. There are more than 80 fund options for policyholders to invest in. Underlying funds of these fund options are managed by professional fund houses. When compared with other traditional insurance products, the plan maintains a high degree of transparency, allowing customers to better understand the fund types and characteristics. For savings, customers can choose to allocate their money into the Interest Account with interest crediting rate guaranteed at no less than 2% for a stable return. In addition, partial withdrawal of account value is permitted. Surrender Charges do not apply if the partial withdrawal does not cause a reduction in the Current Face Amount.

AIA is one of the largest life insurers in Southeast Asia, with branch offices, subsidiaries and affiliated companies located in countries and jurisdictions including Mainland China, Hong Kong, Macau, Taiwan, Australia, Brunei, Guam, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, 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), world leaders in insurance and financial services.

As a consequence of the general nature of varied investments and possible exchange of interest rate fluctuations, the value of investments and their yields may go down as well as up. The information above is for reference only. For more information of this product, fees and charges, and the fund options, please refer to the Product Brochure and the Funds Brochure.