| Hong Kong August 6, 2004 - American International Assurance Company (Bermuda) Limited (AIA) today launched the AIA Athletes Insurance Awards, its sponsorship scheme for outstanding athletes from the Hong Kong delegation at major international sporting events. Spanning a period from 2004 to 2008, the sponsorship scheme will cover the Athens 2004 and Beijing 2008 Olympics, as well as the 2005 East Asian Games and 2006 Asian Games.
Mr Alwin Lam, Executive Vice President and General Manager of AIA, said, “AIA has always been committed to promoting the importance of a healthy lifestyle. As such, we are delighted to play a supporting role to the local sporting community. The objective of establishing the AIA Athletes Insurance Awards is to reward our elite athletes who are awarded gold, silver and bronze medals in both the summer and winter Olympic Games, Asian Games and East Asian Games from 2004 to 2008. Through our scheme, we hope to recognize their achievements and sacrifices by providing them with insurance plans containing elements of both life protection and savings accumulation.''
“The remarkable achievements of our local elite athletes in many international sporting events truly reveal the rapid growth of sports development in Hong Kong. As a good corporate citizen, we wish to pay tribute to our Hong Kong medal winners by offering each of them a whole-life savings plan and a 15-year term plan," added Mr. Lam.
The Hon. Timothy T T Fok, President, Sports Federation & Olympic Committee of Hong Kong, China, said, “In addition to the hard work and perseverance of our local elite athletes, the support from government, responsible corporations and various sports bodies are all elements that are essential to helping them achieve outstanding results. The AIA Athletes Insurance Awards definitely motivate and enhance the confidence of our athletes. We hope that more and more socially responsible corporations will follow the example of AIA in supporting our local athletes, so that resources for local sports development can be greatly enhanced.”
Details of the AIA Athletes Insurance Awards are as follows:
| Individual Awards |
| |
Gold |
Silver |
Bronze |
| Sun Assured (HK$) |
Whole Life Savings Insurance Plan |
15-Year Term Insurance Plan |
Whole Life Savings Insurance Plan |
15-Year Term Insurance Plan |
Whole Life Savings Insurance Plan |
15-Year Term Insurance Plan |
| Olympic Games |
$2,000,000 |
$4,000,000 |
$1,200,000 |
$2,400,000 |
$800,000 |
$1,600,000 |
| Asian Games |
$500,000 |
$1,000,000 |
$300,000 |
$600,000 |
$200,000 |
$400,000 |
| East Asian Games |
$250,000 |
$500,000 |
$150,000 |
$300,000 |
$100,000 |
$200,000 |
For team events, each medallist from the Hong Kong delegation will receive two insurance plans with sum assured based on the table below. For example, a team of two will each receive plans worth 50% of the above sum assured.
Team Awards |
Team of 2 |
50% of the above sum assured |
Team of 5 |
20% of the above sum assured |
Team of 3 |
35% of the above sum assured |
Team of 6-10 |
15% of the above sum assured |
Team of 4 |
25% of the above sum assured |
Team of more than 10 |
10% of the above sum assured |
AIA is Southeast Asia's largest life insurer, with branch offices and affiliated companies located in countries and jurisdictions including China, Hong Kong, Macau, Malaysia, Thailand, Singapore, Brunei, Guam, Indonesia, Vietnam, India, Taiwan, the Philippines, Japan, Korea, Australia and New Zealand. The Company has been assigned ‘AAA' insurer financial strength rating by global credit rating service Standard & Poor's. In Hong Kong, AIA has also been assigned ‘Aaa' the highest rating, by premier financial rating agency Moody's. AIA is a wholly-owned subsidiary of American International Group, Inc. (AIG), the world's leading international insurance and financial services organization.
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