PRESS RELEASE

AIA HONG KONG LAUNCHES “TAX DEDUCTIBLE” PRODUCT SERIES “LOWEST PRICE IN TOWN”^ OFFER FOR AIA VHIS STANDARD SCHEME

1 April 2019

4-month premium refund^{^} offer for AIA VHIS Flexi Scheme new customers to enable easy planning for comprehensive protection
MPF TVC Programme provides 50% off on management fees*, limited-time bonus of HK$500* and other offers
Brand-new deferred annuity plan with option of increasing monthly annuity payments mitigates inflation

AIA Hong Kong today announced the launch of its “Tax Deductible” Product Series, covering Voluntary Health Insurance Scheme (VHIS), MPF Tax Deductible Voluntary Contribution (MPF TVC) and deferred annuity products. The products aim to help people better utilise the tax deductions provided by the government so they can plan for comprehensive protection at ease.

In tandem with the launch of its “Tax Deductible” Product Series, AIA Hong Kong is also rolling out several special offers for new customers. These include the “Lowest Price in Town” ^{^} guarantee and Personal Medical Case Management Services^{^} for AIA VHIS Standard Scheme and 4-month premium refund for AIA VHIS Flexi Scheme^. Customers who become “AIA Vitality” members can also enjoy an instant 10% premium discount for the first year. Furthermore, AIA Hong Kong is offering 50% off on management fees^#, limited-time bonus of HK$500⁺ and other offers for MPF TVC.

Committed to its “customer-centric” philosophy, AIA Hong Kong today also debuted it “Tax Deductible” television commercial and four “Smart BUNdle Solutions” online videos starring Carol Cheng, and FAMA members Billy Luk and Stephen Cheng. Featuring case studies of different customer segments based on age and family composition, the videos illustrate how customers can utilise savings from tax deductions and AIA Hong Kong's offers to enhance their medical and retirement protection based on their needs in a fun and humorous way. These efforts reinforce AIA's brand promise of helping people live “healthier, longer, better lives”.

Ms. Bonnie Tse, General Manager, Corporate, Strategy and Wealth Management, AIA Hong Kong & Macau, said, “AIA Hong Kong is a market-leading insurer and approximately one in three people protected by individual medical insurance in Hong Kong is an AIA customer¹. We understand from our survey earlier that more and more people are becoming aware of the importance of medical protection and retirement planning. In view of this, we are launching our ‘Tax Deductible' Product Series, along with compelling special offers. All these initiatives aim to encourage Hong Kong people to review their needs as soon as possible, and to motivate them to grasp the opportunities from the government's tax incentives to plan for a better future for themselves and their families.”

Highlights of AIA VHIS Standard Scheme offers

Double Offers for AIA VHIS Standard Scheme: During the promotional period from 1 April to 30 June 2019, the first 10,000 new customers who successfully apply for the AIA VHIS Standard Scheme can enjoy double offers:
- Offer 1: “Lowest Price in Town”^{^} － Customers will be guaranteed a refund of the difference in premiums of their new policies if there is a first-year premium of other insurance companies among listed Standard Plans under VHIS lower than the premium offered by AIA. The premium difference will be refunded to their policy premiums in the policy year after renewal. The difference in premiums is compared with the annualised first-year premium amount of the listed Standard Plans under VHIS on the Food and Health Bureau's webpage during the promotional period.
- Offer 2: Personal Medical Case Management Services^ － Offered by AIA Hong Kong in collaboration with an independent third party for three years. In the unfortunate event of being diagnosed with a serious illness while the policy is in force, customers who are eligible for this service will have access to comprehensive and personalised care provided by a professional medical team for 90 days.

Offer for AIA VHIS Flexi Scheme

During the promotional period of 1 April to 31 December 2019, new customers who successfully apply for the AIA VHIS Flexi Scheme will enjoy a 4-month premium refund^{^}.

Key features of AIA VHIS Standard Scheme

Provides more cover and offers, in addition to fully meeting the requirements for Standard Scheme set by the government;
Customers who become “AIA Vitality” members can receive an instant 10% premium discount for the first year;
No claim discount offers customers up to 15% discount on the total premium paid for the preceding cover year;
Compassionate death benefit of HK$8,800.

Key features of AIA VHIS Flexi Scheme

Provides quality medical cover on top of the cover provided in the Standard Scheme, with lifetime guaranteed renewal;
No annual benefit limit and lifetime benefit limit;
Full cover for unknown pre-existing conditions starting from the 31^st day of the first policy year, which is earlier than the 3-year waiting period under the Standard Scheme. Full compensation will be paid under the benefit limit;
Higher benefit limits, lower coinsurance percentage for supplemental major medical benefits and add-on cashless arrangement service for day case procedures with physicians listed in AIA's quality medical specialist network;
Waiver of 30% coinsurance for computed tomography (limited to Coronary Arteries), magnetic resonance imaging (limited to cervical spine, lumbar spine and brain) and positron emission tomography;
Access to Personal Medical Case Management Services, which offers patients the most appropriate medical advice with their diagnosis and treatment assessed by a world class specialist; worldwide emergency assistance services;
No claim discount up to 15% (the premium discount will not be affected even after receiving a day case procedure);
Customers who become “AIA Vitality” members can receive an instant 10% premium discount for the first year.

Instant 10% premium discount for the first year for new “AIA Vitality” members

Other than premium refund offers, AIA Hong Kong specifically includes AIA VHIS Standard Scheme and AIA VHIS Flexi Scheme in its game-changing “AIA Vitality” ² portfolio in order to encourage customers to live a healthy lifestyle. By becoming an “AIA Vitality” member, customers will receive an instant 10% premium discount for the first year. Customers who are persistent in their pursuit of a healthy lifestyle can earn “AIA Vitality” points to receive a continuous premium discount up to 15% and to enjoy an array of rewards and discounts offered by programme partners³.

Taking into consideration the maximum tax deductible limit of HK$60,000 of each person for MPF TVC and deferred annuity, AIA Hong Kong has also included MPF TVC and deferred annuity in its “Tax Deductible” Product Series to encourage people to save for their future.

Triple offers for MPF TVC Programme

First: Special management fees – applicable to 15 AIA MPF funds
Second: Extra bonus – up to a maximum of HK$1,500 extra bonus^#
Third: Limited-time offers – 50% off management fees^* and HK$500 limited-time bonus^*

Brand-new “AIA Deferred Annuity Plan” to help people accumulate wealth for retirement

5-year premium payment term and minimum annual premium of US$4,800;
Annuity period of 10 years and the choice of when to start receiving monthly annuity payments – at age 50, 65 or 70 – for flexible retirement planning;
Customers can choose to receive the guaranteed monthly annuity payment under the level pattern or the increasing pattern. The level pattern with a fixed amount of monthly payment gives greater stability during retirement, while an increasing pattern helps to mitigate the effects of inflation;
If the insured passes away, a death benefit in lump sum will be paid to the beneficiary. The policyholder can also opt in advance during the insured's lifetime to let the beneficiary continue receiving the unpaid monthly annuity payment from the insured's death (the death should occur on or after the commencement of the annuity period) until the end of the annuity period.

The above information is for reference only and is not intended as financial advice. For details of product features, content and conditions, please refer to the product brochure and the terms and conditions of the policy contract.
If there are any discrepancies between the English language version of this Press Release and the Chinese language version, the Chinese language version shall prevail for all purposes.

^{^}

¹Based on Hong Kong Special Administrative Region Census and Statistics Department – Thematic Household Survey Report No. 63, Dec 2017, Table 7.1a and AIA internal data.
²The annual membership fee for AIA Vitality is HK$/MOP300. The membership fee may change at any time without prior notice. ³For the terms and conditions of the offers, please refer to the promotional leaflet or www.aiavitality.com.hk.
^*Applicable to the first 5,000 members: 1/ The 50% off management fees is applicable to members who successfully enrol in the Programme, set up direct debit instruction and settle monthly contributions of at least HK$1,000 for 12 consecutive months. 50% off the first year's management fees on Constituent Fund level for all funds is only applicable to the first HK$60,000 of a member's account balance; 2/ The HK$500 limited-time bonus is applicable to members who successfully set up direct debit instruction and settle monthly contributions of HK$2,500 or above for 12 consecutive months. Please refer to the relevant promotional leaflet for details.
^#The total annual contributions during the first year of participation should be HK$60,000 or above, and the total annual contributions respectively made in the 2nd, 3rd, 4th and 5th year of participation should not be less than the total annual contributions made during the1st year of participation. The extra bonus will be distributed in 3 instalments.

Ms. Bonnie Tse, General Manager, Corporate, Strategy and Wealth Management,
AIA Hong Kong & Macau (2nd from right);
Mr. Ip Man Kit, VHIS Lead, Chief Technology & Operations Officer,
AIA Hong Kong & Macau (1st from right);
Ms. Elaine Lau, Chief Corporate Solutions Officer, AIA Hong Kong & Macau (2nd from left); and
Mr. Felix Fung, Head of Product Strategy & Management of AIA Hong Kong & Macau (1st from left)
announced the launch of AIA “Tax Deductible” Product Series and several compelling special offers for new
customers. These include the “Lowest Price in Town” guarantee and three years' Personal Medical Case ,
Management Services for AIA VHIS Standard Scheme, and 50% off on management fees, limited-time bonus of ,
HK$500 and other offers for MPF Tax Deductible Voluntary Contributions. These, coupled with “AIA Deferred ,
Annuity Plan”, will help people to plan for comprehensive protection at ease.

Ms. Bonnie Tse, General Manager, Corporate, Strategy and Wealth Management,
AIA Hong Kong & Macau (2nd from left);
Mr. Ip Man Kit, VHIS Lead, Chief Technology & Operations Officer,
AIA Hong Kong & Macau (2nd from right);
Ms. Elaine Lau, Chief Corporate Solutions Officer, AIA Hong Kong & Macau (1st from right); and
Mr. Felix Fung, Head of Product Strategy & Management of AIA Hong Kong & Macau (1st from left)
introduced AIA “Tax Deductible” Product Series and “Smart BUNdle Solutions” online videos.
The videos aim at helping people better utilise the tax deductions provided by the government and AIA Hong Kong's
offers to enhance their medical and retirement protection, reinforcing AIA's brand promise of
helping people live “healthier, longer, better lives”.

About “AIA Vitality”
“AIA Vitality” is a game changing wellness programme which redefines the traditional concept of insurance, it aims to reward customers to live a healthy lifestyle. Purchase any “AIA Vitality” selected insurance product and receive an instant 10% premium discount^* or 10% extra cover^{^} and an array of rewards and discounts offered by our partners. Simply being active in daily life and having a healthy diet, customers can earn points and upgrade their status for more discounts and rewards.

^{*The premium discount is only applicable to “AIA Vitality” selected insurance products. Please visit AIA Hong Kong's website aia.com.hk – “AIA Vitality”.}
^{^Extra cover means AIA Vitality Power Up Coverage, which is a percentage of initial Sum Assured added for the sole purpose of computing the death benefit or the major illness benefit for once when it becomes payable. The membership fee of “AIA Vitality” is HK$/MOP300 for one year. The membership fee may change at any time without prior notice. Please visit AIA Hong Kong's website aia.com.hk – "AIA Vitality" for more information.}

About AIA Hong Kong and AIA Macau
AIA Hong Kong and AIA Macau are subsidiaries of AIA Group Limited. AIA Group Limited established its operations in Hong Kong in 1931. To date, we have over 16,500 AIA financial planners¹, as well as an extensive network of brokerage and bancassurance partners. We serve over 3 million customers², offering them a wide selection of professional services and products ranging from individual life, group life, accident, medical and health, mandatory provident fund, personal lines insurance to investment-linked products with numerous investment options. We are also dedicated to providing superb product solutions to meet the financial needs of high net worth customers.

¹as at February 2019
² as at 31 March 2018

About AIA
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, Cambodia, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and a representative office in Myanmar.

The business that is now AIA was first established in Shanghai a century ago in 1919. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$230 billion as of 31 December 2018.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 33 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

AIA Hong Kong
Ms. Deronie Tan
+852 2881 4413

Bentley Communications Limited
Mr. Kevin Chan
+852 3960 1903

AIA HONG KONG LAUNCHES “TAX DEDUCTIBLE” PRODUCT SERIES “LOWEST PRICE IN TOWN”^ OFFER FOR AIA VHIS STANDARD SCHEME

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