April 18, 2008, Hong Kong – American International Assurance Company (Bermuda) Limited (AIA) today announced the launch of its new "Executive Life" insurance plan and "Executive Critical Illness Rider". These products offer customers whole life insurance coverage and lifelong critical illness protection respectively with a choice of different premium payment periods.

Increasingly advanced medical technologies have resulted in longer life expectancy for Hong Kong people. According to Hong Kong Population Projections 2007-2036, the life expectancy in 2006 was age 79.5 for males and age 85.6 for females. By 2036, the projected life expectancy will rise to age 82.7 and age 88.3 for males and females respectively. The aging population will cause a rise in medical expenditure for the community.

Mr. Thomas Lee, Vice President and Assistant General Manager of AIA said, "It is crucial for people in Hong Kong to prepare themselves for lifelong insurance coverage at young age in order to relieve their heavy burden of medical costs as they grow older. To meet the needs of our customers, the newly launched "Executive Life" insurance plan and "Executive Critical Illness Rider" offer comprehensive whole life insurance coverage and lifelong critical illness protection respectively."

"Executive Life" plan provides whole life insurance protection with the choice of 3 premium payment periods, namely 10 years, 15 years or 18 years. Customers are free to choose from these options according to their individual needs. The premium amount is also guaranteed to remain level throughout the whole payment period. In addition to a guaranteed cash value, non-guaranteed annual dividends and non-guaranteed maturity dividends will offer customers additional returns.

For customers to enjoy a more complete protection, a full range of optional riders ranging from accident, medical, critical illness to disability protection is available to be attached to the basic plan. Of these, the new "Executive Critical Illness Rider" is exclusively designed for the "Executive Life" plan. It provides the same flexible premium payment terms with a level premium and is guaranteed to be renewable up to the age of 100.

"Executive Critical Illness Rider" offers protection against as many as 45 critical illnesses. A lump sum will be paid according to the terms of the rider if the Insured is diagnosed with any of the covered critical illnesses once the rider has been in effect for 90 days. The coverage under the basic policy will be reduced accordingly. The compensation will help the Insured pay for his/her medical expenses or support his/her daily living needs during the rehabilitation period. In addition, in the unfortunate event that the Insured becomes totally and permanently disabled before the age of 60, the premium for this Rider will be waived.

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). AIG, a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.

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