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MONTHLY REPORT MARCH, 2009

MONTHLY REPORT MARCH, 2009. Planning Division LTH Nhung 27 Mar. 2009. ENGAGED PROJECT THIS MONTH. Product Launch – R03 New Product – C05 & C06 Declared Interest Rate Policy Analysis Market Information MDRT Program for Agency. Product launch.

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MONTHLY REPORT MARCH, 2009

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  1. MONTHLY REPORT MARCH, 2009 Planning Division LTH Nhung 27 Mar. 2009

  2. ENGAGED PROJECT THIS MONTH • Product Launch – R03 • New Product – C05 & C06 • Declared Interest Rate • Policy Analysis • Market Information • MDRT Program for Agency

  3. Product launch Product Launch – Accident Medical Rider R03 Underwriting Rule: LA Age: Children: 0-25 (renewable until 25); Others: 0-65 (renewable until 70) SA Limit: Min: 100K Max: 0.1% of SA of R01 and not higher than the following table R03 can only be attached on basic plans which R01 is attached and the insured of R03 must be the insured of R01. The incremental of sum assured unit is 50 thousand . R03 has been approved by MOF in Mar. 09th and launched in Mar. 20th

  4. New product New Product – C05 & C06 2009 Mar. 02th Product design process started 2009 Mar. 20th submitted to HO for approval 5 working days for approval process. 2009 Mar. 30th (estimated) Seeking for MOF’s approval 1month for dealing with MOF. 2009 Apr (estimated) Hope to receive MOF’s approval

  5. New product Whole Life with Cash benefit - C05 • Interest Feedback will be accrued during PPP • Cash benefit will be paid every 3 yrs • Policy will be terminated after paying Death/TPD/Long Life benefit 200% SA Interest Feedback DB/TPD = 100% SA + Total Annual mode Premium Paid DB/TPD = 200% SA 20% SA / each 3 yrs thereafter 10% SA / each 3 yrs for the first 5 times ………………. 30 50 99 Premium Paying Period = 20 yrs

  6. New product Whole Life 111 with Return of Premium - C06 • Interest Feedback will be accrued during PPP • 100%SA will be paid at the end of PPP as Maturity benefit • Policy will be terminated after paying Death/TPD/Long Life benefit 100% SA + Total Annual mode Premium Paid Interest Feedback DB/TPD = 100% SA + Total Annual mode Premium Paid 30 50 99 Premium Paying Period = 20 yrs 100%SA

  7. Declared Interest Declared Interest Rate *Declared Interest Rate for C01、C02 、C03 and C04 9.8% 8.5% 7.7%

  8. Products Analysis Number of Policy Issued 01/01/09~24/03/09 *Basic Policies only * R01(212 cases)、R02(101 cases) *A02: Stop selling from Feb 18th, 2009.

  9. Products Analysis Premium Income – by Products 01/01/09~24/03/09 In Million *Basic Policies only * R01(49 millions)、R02(18.33 millions)

  10. Market Info Korea Life insurer sets up in Vietnam Will start business in the 1st of April, 2009 1 branch in Hanoi 1 branch in HCMC Number ofStaff: 7 Number ofAgent: 170 Regional S.D.: 1 Number of Staff: 55 Number of Agent: 200 Regional S.D.: 2 Two Basic Plans: Education Endowment & Anticipated Endowment. Three riders: ADD, Premium Waiver & Medical.

  11. Market Info Vietnam 2008 Insurance Inforce Premiums Revenues Life insurance VND10.855 trillion (increase 1.2% on year) Non-life insurance VND10.339 trillion (increase 30% on year) Aggregate revenues VND26.12 trillion (grew 8.38% on year) Sector premiums VND21.194 trillion • Top five life insurers: • Prudential: VND4,270bil, • Bao Viet: VND3,425bil, • Manulife: VND1,072bil, • AIG: VND634bil, • Dai-ichi: VND585bil. *The majority of the profit insurers got in 2008 came from financial investments

  12. MDRT program MDRT Incentive Program for Agency Competition period: From 1st working month – 13th working month ‘09 (Dec. 25th 2008 – Dec. 30th 2009) Contestants: Insurance Agent/Advisor, SUM (including Pre-BM who has been signed Agency contract). Requirement:

  13. PLANNING PROJECT NEXT MONTH • New Products proposal • Overseas Trip Program for Agency

  14. New Product New Product Proposal • Medical Rider • Group insurance • Universal Life Product

  15. Competition period: From 4th working month – 12th working month ’09 (Mar. 26th 2009 – Dec. 02nd 2009) Agency contest Overseas Trip Incentive Program for Agency Requirement: 1. Individual Group & Unit Manager Group (3 stages) • Contestants: • Individual Group: • Insurance Agent • Insurance Advisor • Unit Manager Group: • Sales Manager • Pre-BM • Branch Manager Group 2. Branch Manager Group

  16. Thank You!

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