Management Operation of Life Insurance

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American International Group, Inc. is the Multinational company. It has many partnercompanies

Capabilities delivered via non-AIG owned partner companies for multinational benefits.

AHICO First American Hungarian Insurance Company

AIA American International Assurance Company LimitedAIU American International UnderwritersALGICO American Life and General Insurance CompanyALICO American Life Insurance CompanyAMCICO First American Czech Insurance CompanyAMPLICO First Polish Life Insurance and Reinsurance CompanyAMSLICO First American Slovak Insurance Company

Management Opportunities:

If their desire is to direct career into sales management, the opportunity is available. They willdiscuss their desire and capabilities with company management who will assist them in makingthe transition.

Company career path may progress as follows:

- The first level of sales management is that of Unit Manager. You will be expected to recruitand train several agents. They will be responsible to supervise and motivate them to becomesuccessful career agents. Experience as an agent will be extremely valuable to their in this effort.- As an Agency Manager, they will recruit, train, and develop several Unit Managers as well as

top-producing agents in their agency.

Agent career opportunities:

As a professional agent with ALICO, they will have the opportunity to advance and to berecognized for their superior performance.

Their career path may progress as follows:- Anybody will begin as a Career Agent- After meeting the qualification requirements, they may be advanced to the level of senior agent- After a period of time, and meeting additional requirements, they may be advanced to the level

of Executive Agent- At each level of success, they will be eligible for additional benefits and recognition- If they so desire, they may, with the approval of Senior Management, be considered for anALICO Management position having once proven their sales ability.

How to be a successful agent:


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- Be the architect of their own success- Receive strong support and assistance- Enjoy ample working freedom and flexibility- Select their own customers and markets

ALICO provides training for its managers in all of the following management functions:Recruiting, Selection, Training, Coaching, Supervision, Joint Field Work, and TimeManagement.

15 June 2008 HSBC Signs Insurance Agreement with ALICO;

Mr Mamoon M Shah, Manager Personal Financial Services of HSBC is seen exchangingdocuments with Mr Rumi Ahmad, Deputy Director, and Business Development of ALICOBangladesh.

The Hong Kong and Shanghai Banking Corporation (HSBC) Limited in Bangladesh signed a

Depositors Insurance Agreement with American Life Insurance Company (ALICO) Bangladeshin Dhaka for its recently launched Peace of Mind (POM) savings plan under the Banks MyFuture range of Personal Financial Services products.

Under the agreement, ALICO will provide Accidental Insurance of BDT 100,000 to depositorsof BDT 10,000POM unit and BDT150, 000 to depositors of BDT50, 000POM unit as a freebenefit to HSBC customers.

Mr Mamoon M Shah, Manager, Personal Financial Services of HSBC and Mr Rumi AhmadDeputy Director, Business Development of ALICO Bangladesh signed the agreement on behalfof their respective organizations.

Branches of F oreign country:

Bahrain

KuwaitPakistanEgyptLebanonQatarJapan

NepalSaudi ArabiaJordanOmanUAE

ALICO MEASA Regional Office:Dubai International Financial Centre (DIFC)


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The Gate Building7th Floor, West WingP.O.Box 211012 Dubai U.A.E.Tel: (971) 4 3600 555Fax: (971) 4 3620 425

E-Mail: [email protected]

ALICO BAHRAIN

Office # 1028, Building # 41Exhibition Avenue, GOSI ComplexP.O. Box 20281Manama 319, Kingdom of BahrainTel: (973) 1731 1884Fax: (973) 1731 1228E-Mail: [email protected]

ALICO BANGLADESH127 OfficesALICO Building18-20 Motijheel Commercial AreaP.O. Box 9Dhaka 1000-BangladeshTel: (8802) 956 1791 / (8802) 716 0025Fax: (8802) 955 8682


ALICO EGYPT19 Offices, Nile City, North Tower, 28th FloorCorniche El Nile, Ramlet Beaulac, Cairo EgyptTel: (202) 2461 9020Fax: (202) 2461 9022E-Mail: [email protected]

ALICO JORDAN13 Offices Alico Building # 91Zahran Street, 4th Circle,Jabal AmmanP.O. Box 1307,Amman 11118 JordanTel: (962) 6 593 0912Fax: (962) 6 593 0049E-Mail: [email protected]

ALICO KUWAIT4/5 Floors, Al Kharafi Tower,


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Qibla Area, Hamad Al-Saqr Street, P.O. Box: 669, Safat 13007, KuwaitTel: (965) 2247 4277Fax: (965) 2247 4267E-Mail: [email protected]

ALICO LEBANON17 Offices JM Plaza Bldg.Concorde Square Verdun, P.O.Box: 14-5644 / 11-2547,Beirut LebanonTel: (961) 1 753111 / (961) 3 386299Fax: (961) 1 756300E-Mail:[email protected]

Lebanon Regional Office:Tel: (961) 1 740747Fax: (961) 1 740717

ALICO NEPAL13 OfficesAmerican Life Insurance CompanyNarayani Complex, PulchowkP.O. Box 11590 , Katmandu NepalTel: (977) 1 5555166Fax: (977) 1 5555170 / (977) 1 5555173E-Mail: [email protected]

ALICO OMANAmerican Life Insurance Company

Haffa House Hotel, 2nd FloorP.O. Box: 894 , P.C. 114, Muttrah, Sultanate of OmanTel: (968) 24 787 531/2/3Fax: (968) 24 700 463


ALICO PAKISTAN25 Offices, P.O. Box: 10528, Dolmen Executive, Floor 13 (Level 16)Block 4, Scheme 5, CliftonKarachi 75600 PakistanTel: (92) 21 111111711 / 5360040, Fax: (92) 21 5290042E-Mail: [email protected]

ALICO PALESTINE5 OfficesRamallah Office ,Central BuildingAl-Moghtarebein SquareP.O. Box: 63 ,Ramallah Palestine


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Tel: (970) 2 2956748Fax: (970) 2 2956748

ALICO QATARAmerican Life Insurance Company

First Floor, Suite Nos. 30 to 34Al Emadi Business CenterC Ring road, near Gulf Cinema SignalP.O.Box: 913 ,Doha QatarTel: (974) 465 5057 / 027 / 078Fax: (974) 466 3409E-Mail: [email protected]

ALICO SAUDI ARABIAAmerican Life Insurance CompanyBin Hamran Commercial Center

11th Floor Tower AOffice # 1101A, 1102A,Tahliyah StreetJeddah KSATel: (966) 2 2830555Fax: (966) 2 2830360E-Mail: [email protected]

AIG Hayat Sigorta A.S.

8 OfficesEski Buyukdere Cad. No. 14Park Plaza Kat: 2

Maslak, 34398 ,Istanbul TurkeyTel: (90) 212 3358100Fax: (90) 212 3450212

ALICO UAE19 OfficesAmerican Life Insurance CompanyCrescent Tower Bldg., 10th FloorP.O. Box: 5984,SharjahUAETel: (971) 6 556 2566Fax: (971) 6 556 2577E-Mail: [email protected]

Employee Benefi ts:

Like all well run companies, they will rely on their people to succeed. Its therefore crucial tooffer the best benefits package they can, to attract talented people and to retain a motivatedworkforce. Its also worth remembering that many employees today see health


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benefits not simply as a hygiene factor in the workplace, but often as a key consideration whenassessing the employment market.

Alico is a provider of innovative employee benefit solutions and with diverse product portfolioand decades of experience they can tailor make group medical and pension packages that will

suit their companys needs whether its a small business, a medium sized company or amultinational corporation. They aim to provide comprehensive cover and efficient claimsservicing that will be of value when their employees need it most.

Here is just a brief summary of the products that they can offer and their company. If they wouldlike to talk to one of their expert advisers at any time please dont hesitate to call us direct onTel: (8802) 956 1791 / (8802) 716 0025 or submit their contact details.

Benefits Plus:

Employee benefits programs is an essential need for all employers and their importance in

todays competitive environment cannot be ignored. Whether they are a large organization or asmall one, Alico offers a range of group medical products that can be tailored to suit their uniquerequirements.

Alico Annuity Plan:

Businesses never stand still and now more than ever employers and employees are looking forflexible, transportable staff benefits. The Alico Annuity Plan is a tailor-made definedcontribution pension product designed for the specific needs of employees of multinationalswithin the Middle East region. It offers cash accumulation and a range of investment choices thatis both flexible and portable.

Group Allocated Annuity Plan:

The Group Allocated Annuity plan is a unique group retirement/savings plan that providesguaranteed interest rates and flexible retirement options. The plan is designed to encourageemployees to stay with the organization by rewarding them based on years of service or planparticipation. This plan acts as an excellent retention tool and a perfect complement to yourorganizations employee benefits plan.

Gulf and Saudi Severance Plan:

The Gulf and Saudi Severance Plan is a savings plan that provides companies with anopportunity to fund for the end of service indemnity as required by law, and to provide death,accident and disability benefits to employees. So, instead of paying this mandatory severance outof current revenues, companies can externally fund their future liability and gain additionalliquidity for day to day business requirements.

International Pension Plan:


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Portability and flexibility are a requirement in so many ways now that it makes sense to have thatlevel of choice reflected in their pension plan too. Simple, secure, flexible and portable, theInternational Pension Plan provides retirement/savings benefits or can be used purely as aninvestment vehicle.

Single Premium Annuity:

A simple and straightforward product wherein they make a one off payment and can then receivea monthly pension based on the amount they contributed. Their monthly retirement income willbe determined according to the annuity option they choose and the initial payment they make, orsubmit their contact details.

Product and Services:

Whatever aspect of their life they are looking to protect, Alico has a product that is right for all.Heres a summary of the types of insurance products they offer. Simply select the catego ry they

are interested in and discover their range of products.

Life insurance:

One of the most important things they can do for the people they care about is to make suretheyre taken care of after theyre gone. The right protection will give them some peace of mindand people family can relax in the knowledge that, should the worst happen, they will still havea home and the bills will still be paid.

Health insurance:

Good health is obviously vital the way you feel is the basis for everything else in people life.So if something does go wrong, it makes sense to get the best care as fast as possible, which isexactly what theyll get from their health insurance. They can also relax in the knowledge thatthe financial burden will be eased as any can take out protection on any loss of earnings. Theyoffer different levels of care so any can choose the one thats right for all.

Savings:

Their investment plans give the freedom to enjoy the future. Whether all need some money toput the kids through college, they want to pay off their mortgage early, or theres a weddingtheyve got to pay for, ALICO can help finance the bigger things in life, and map out the future

their really want.

Accident insurance:

Having a serious accident or being unable to work due to disability is difficult enough, withoutthe added financial stress of a potentially reduced income. A cash payout could help all and theirloved ones meet everyday expenses, as well as pay for any treatment or specialist equipment thatmay be necessary.


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Retirement planning:

Theyll finally have the time to do all the things they always wanted to, when stop working. Butthey need to make sure that not only do they have the time, they have the money as well. And theearlier on in their life you take action, the better their return will be. Thats why they have an

array of pension and savings products that can help provide

a financially secure retirement for us and their loved ones, no matter what age they are now.

Travel insurance:

When they go on holiday, the whole point is to relax. So the last thing want to spend their timedoing is worrying about what problems could crop up. With our travel insurance, youll becovered for everything from illness to theft to flight problems. So even if their journey does hit abump in the road, itll be back on track in no time.

Description of ALICOS Product:

Life insurance:

Not only can life insurance take care of familys mortgage and help them maintain their currentstandard of living in the event of the death of partner, it can also safeguard more specific aspectsof life. From protecting childrens education to looking after partners retirement, theyve got alife insurance product that will help them take care of whats most important to people.

Vision for Life:

A flexible plan providing life cover and investment opportunities. Investment plan with lifecover up to $10 million Maximum flexibility to vary benefits, premiums or protection

facility to make partial withdrawals and loans Opportunity to use maturity value to buy a lifelong pension generous loyalty bonuses 5 year no lapse guarantee. Term Assurance simple lifecover offering high levels of protection at a low cost. Life cover up to $10 million The mostaffordable life cover available With the Return of Premium rider, they will return the totalpremium paid at the end of the term if a claim has not been made

Covers the cost of our outstanding mortgage in the unfortunate event of their death. Simple,quick application process so their mortgage is approved fast. Any body only pays for 80% of the

policy term. Up to $10 million cover guaranteed premium rates. Flexible terms from 5 to 25years. IBP Education, Secure their childs education

Give children the best start in life:

Guaranteed regular income to cover their childs higher education expenses, Flexible plans tocover college terms of 3, 4 or 5 years, Excess return bonuses, One off or regular contributions whichever suits their budget plans start from just $150 a month IBP Retirement. A guaranteed


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income for a more comfortable retirement.Guaranteed regular income from when they retire untilthe age of 99 Excess return Bonuses, Repayment guarantee in the unfortunate incident of yourdeath before the time retirement is planned plans starting from just $150 a month IBP Savings,Regular savings with guaranteed benefits, for a secure tomorrow. A plan with the flexibility toinvest to a target amount or by fixed regular premiums whichever suits their budget. A savings

option that offers guaranteed benefitseven during uncertain times Excess return bonuses. Plansstarting from just $150 a month.

Max Plan:

Make the most of lifes ups while protecting them self from lifes downs, Protection and wealthaccumulation in one flexible policy. Higher potential returns thanks to diverse investmentopportunities. Accelerated payouts every five years. Guaranteed annual bonus. High insuranceprotection up to $10 million

Health insurance:

Taking out health protection for people and their family also means theyre protecting theirquality of life, ability to earn a living, and their familys future. So they have a range of healthinsurance packages to ensure get the cover that suits them.

Circles of Protection:

Create the ideal protection against accident and sickness for people and their loved ones from arange of options.

Your options include:

Lump sum payments, weekly accident disability income and medical expenses cash income foreveryday spent in hospital. A guaranteed monthly income for life for customers or their lovedones in case of accidental death or disability.

Critical Care:

Immediate financial help to combat 32 critical illnesses, Instant cash to cover medical bills orlost income. A lump sum up to $250,000 on diagnosis of any of 32 illnesses

Free second medical opinion or case consultation from world renowned medical centers in the

USA Intuition option for women which covers female illnesses. Cover starts from just 55 centsa day.

Forever protection that provides a lifetime income for consumer and their family in the event ofdisability plan that helps protect their income. Monthly payments to help pay for day to dayexpenses in the event of permanent partial or total disability. Guaranteed payments to customerand their family for a minimum of 20 years or the rest of their life.


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Hospital Cash:

Essential daily support if customer or their family has to stay in hospital due to an accident orsickness. Daily amount to cover their expenses. Payable up to 365 days of hospitalization. Helpspeople meet expenses not covered by your health cover.Guaranteed issue: no medical exam.

Intuition:

Unique health covers for women specialist Critical Care protection for women. A lump sumpayment of up to $100,000 immediately on the diagnosis of any covered female illness. Coversexpenses not provided for under traditional insurance free second opinion or case managementconsultation from world renowned medical centre in the USA.

Junior Care:

Financial support to care for your child, Covers accidents and illnesses. Up to $10,000 accident

medical expense reimbursement. Up to $100,000 disability income and payments for expensivetreatments. Optional weekly in-hospital allowance to meet incidental expenses.

Savings:

ALICO selection of savings products mean that they can take steps towards the lifestyle theyreally want today, as well as plan for the future really want tomorrow.

IBP Retirement:

A guaranteed income for a more comfortable retirement. Guaranteed regular income from when

they retire until the age of 99, Excess return Bonuses repayment guarantee in the unfortunateincident of people death before the time retirement is planned plans starting from just $150 amonth.

IBP Savings:

Regular savings with guaranteed benefits, for a secure tomorrow. A plan with the flexibility toinvest to a target amount or by fixed regular premiums whichever suits their budget. A savingsoption that offers guaranteed benefits even during uncertain times excess return bonuses plansstarting from just $150 a month.

IBP Education:

Secure people childs education. Give their children the best start in life guaranteed regularincome to cover childs higher education expenses. Flexible plans to cover college terms of 3, 4or 5 years. Excess return bonuses one off or regular contribution whichever suits their budgetplans start from just $150 a month.


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Vision for Life:

A flexible plan providing life cover and investment opportunities. Investment plan with lifecover up to $10 million. Maximum flexibility to vary benefits, premiums or protection facility tomake partial withdrawals and loans opportunity to use maturity value to buy a life long pension

generous loyalty bonuses 5 year no lapse guarantee.

Max Plan:

Make the most of lifes ups while protecting themselves from lifes downs protection and wealthaccumulation in one flexible policy higher potential returns thanks to diverse investmentopportunities. Accelerated payouts every five years guaranteed annual bonus

high insurance protection up to $10 million.

Gemstone:

For those who seek control and financial independence. A product to create, accumulate andprotect wealth, flexible, affordable plan with investment strategies to suit their appetite for riskswitch strategies when customer want tailor their investments to meet their goals and timehorizon.

Accident insurance:

ALICO accident insurance products give one less thing to worry about, should the unthinkablehappen. There are various options who can choose from to get the ideal level of cover for his andtheir family.

Child Care:

Vital help for children in case of an accident, now and in their future. Covers the insured childfor accidents anywhere, any time. Monthly catastrophe cash of up to $120,000 for a guaranteed10 years. Medical Reimbursement of up to $50,000 for specific injuries. Education allowance upto $12,000 p.a. in the event of death or disability of the policy holder, rendering them unable topay schooling fees.

Circles of Protection:

Create the ideal protection against accident and sickness for them and their loved ones from arange of options.

Your options include:


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Lump sum payments, weekly accident disability income and medical expenses. A cash incomefor everyday spent in hospital. A guaranteed monthly income for life for them and their lovedones in case of accidental death or disability.

Family Income Protector:

Comprehensive accident covers for them and their family protection for their family from just 36cents a day 24 hour cover anywhere in the world. A monthly income for their child for life ifthem and their spouse die due to an accident or are unable to work due to a permanent disability.Covers medical expenses, tuition fees and child care expenses discounts of up to 20% on singlepremium payments.

Forever protection that provides a lifetime income for them and their family in the event ofdisability plan that helps they protect their income. Monthly payments to help pay for their dayto day expenses in the event of permanent partial or total disability. Guaranteed payments tothem and their family for a minimum of 20 years or the rest of their life cover starts from just 55

cents a day.

Hospital Cash:

Essential daily support if them and their family have to stay in hospital due to an accident orsickness daily amount to cover their expenses. Payable up to 365 days of hospitalization. Helpsthey meet expenses not covered by their health cover. Guaranteed issue: no medical exam coverstarts from just 22 cents a day.

Key Protector:

Simple accident cover that provides comprehensive protection covers accidental death and lossof limbs pays six times the insured amount in the event of accidental death on a common carrierlike an airline. Pays twice the insured amount in the even of death caused by a traffic accident.Guaranteed issue; no health questionnaire or medical exam. Three levels of cover plans from justAED 17 a month.

Junior Care:

Financial support to care for people child. Covers accidents and illnesses up to $10,000 accidentmedical expense reimbursement, up to $100,000 disability income and payments for expensivetreatments optional weekly in-hospital allowance to meet incidental expenses.

Juvenile insurance policy:

A life insurance policy purchased by an adult to cover the life of a minor child.

Net Cash Value


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This is an amount equal to the cash surrender value of a life insurance policy plus any paid upadditions, minus any existing indebtedness, including accrued interest and charges.

No lapse guarantee

This is an agreement by the insurance company to keep the policy in force, even if the CashValue becomes zero or less than zero, provided they have made a specific minimum contributionto the plan within the stipulated time frame. The no-lapse guarantees are usually for a specificperiod of time.

Partial Withdrawal

Partial withdrawal refers to the act of withdrawing a portion of the account value. The partialwithdrawal will result in a reduction in the account value to the extent of the amount withdrawnand any associated charges. Details regarding when partial withdrawals can be made, the relatedcharges, the minimum and maximum withdrawal permitted etc vary from policy to policy and

can be found in the policy contract.

Pension plan

A form of long-term investment, usually tax exempt, wherein regular or periodic contributionsmade by employers and employees are invested in a pool of funds set aside for the employeesfuture retirement benefit. The capital and accrued interest will be paid at retirement either as acash lump sum or in a form of annuities.

Policy holder

The Policyholder is the owner of the policy. This is the person who has the responsibility ofpaying the premiums to the insurance company. Usually the policyholder is the same person asthe insured.

Return of Premium

Return of premium is a feature of certain policies whereby the policy holder is refunded, in partor in full, the premium that was paid during the lifetime of the policy on the date of maturity, ifthe covered risk does not materialize.

Rider

An addition to an insurance policy that becomes part of the contract and that either expands orlimits the benefits that would otherwise be paid under the policy terms.

Variable Universal Life Insurance


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A type of variable life insurance where the premiums are flexible and benefits fluctuate based onthe value of underlying investments. Premiums and benefits are adjustable at the option of thepolicyholder.

Waiting Period

The length of time between when an injury or illness occurs and when the benefit payments arereceived from the insurer. Also known as the elimination or qualifying period.

Waiver of premium (WP)

This is a provision that waives the remaining premiums due in the event of death or permanentdisability of the insured. It is usually offered in a supplementary contract.

The first premium so waived shall be the one falling due immediately after the date on whichdeath or permanent disability occurs. The waiver of premium for disability remains in effect as

long as the insured is disabled and premiums are due.

Whole Life Insurance

Life insurance with level premiums which might be kept in force for a persons whole life andwhich pays a benefit upon the persons death, whenever that might be.

Group insurance:

Group insurance is an insurance that covers a group of people, usually who are the members ofsocieties, employees of a common employer, or professionals in a common group.

Group insurance may or may not be converted to individual coverage. As group insurance getsbig business for an insurance company with minimum operational expenses (less than one masterpolicy issued to an employer, union or any recognized group), it is usually less expensive thanindividual policies.

Group coverage can help reduce the problem of adverse selection by creating a pool of peopleeligible to purchase insurance that belong to the group for reasons other than for the purposes ofobtaining insurance. In other words, people belong to the group not because they possess somehigh-risk factor which makes them more apt to purchase

insurance (thus increasing adverse selection); instead they are in the group for reasons unrelatedto insurance, such as all working for a particular employer.

A feature which is sometimes common in group insurance is that the premium cost on anindividual basis may not be risk-based. Instead it is the same amount for all the insured personsin the group. So for example, in the United States, often all employees of an employer receivinghealth insurance coverage pay the same premium amount for


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the same coverage regardless of their age or other factors. Whereas under private individualhealth insurance coverage, different insured persons will pay different premium amounts for thesame coverage based on their age, location, pre-existing conditions, etc. Another distinctivefeature is that under group coverage, a

member of the group is generally eligible to purchase or renew coverage all whilst he or she is amember of the group subject to certain conditions. Again, using health coverage as an example,under group insurance a person will normally remain covered as long as he or she continues towork for a certain employer and pays their insurance premiums whereas under individualcoverage, the insurance company often has the right to non-renew a persons individual healthinsurance policy when the policy is up for renewal.

AL ICO Pension:

ALICO had certainly want to maintain the standard of living they have worked hard to achieve,to avoid finding their self in need to make painful compromises, to maintain their independence,

and to enjoy all things expected in this new stage of their life. If they plan today, they can realizetheir dreams and have a sense of security about the future with the guaranteed ALICO Pensionplan!

Guaranteed benefits for their own peace of mind

ALICO Pension plan offers a sense of security and peace of mind so that they can enjoy theirretirement years! So, they may now start working creatively for their own personal benefit andfor the benefit of the people love, who need their support.

Choose the level of pension you wish to get at the age of 55, 60 or 65.

Now people can get a guaranteed pension, which will meet all their future financial needs. In co-operation with their ALICO Insurance Agent, can set the level of Pension they wish to get andspecify the time when they wish to receive it.

By tailoring the ALICO Pension guaranteed pension plan to their own requirements, they willbe able to accumulate substantial savings that will help face the future with optimism, and feelconfident and able to meet lifes challenges throughout their retirement years.

Option to choose between: Lump-sum or a monthly pension for life

Under ALICO Pension plan, choose the way in which theyll receive the capital amount that hasbeen accumulated over the period of time specified by them. Depending on their needs, may optfor a substantial lump-sum or a good monthly pension for life or even a combination of both,whatever is best for all.

Fixed premiums:


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With ALICO Pension plan can make sure they will find the peace of mind they are looking for.The premiums they pay will remain fixed throughout the duration of the plan and will becalculated according to the level of monthly Pension or lump-sum you wish to receive, as well asthe age at which retire. Moreover, they have the flexibility of deciding how the premium will bepaid, i.e. monthly, quarterly, half-yearly or annually. In this way, youll be able to properly plan

finances. Moreover, ALICO Pension plan can be paid with Single Premium.

Guaranteed Benefits:

By making premium payments every year, the Mathematical Reserves of your Policy areaccumulated. ALICO Pension plan offers the maximum guaranteed return of 3.35% (technicalinterest rate) provided for under Greek legislation for the investment of the MathematicalReserves of your Policy. Thus, the Benefits (Capital/Pension) you choose are guaranteed.

+ Interest Benefit (I.B):

Additionally, they will also be getting an Interest Benefit when the investment performance ofthe Mathematical Reserves of their policy exceeds 3.35%. With its extensive know-how andunsurpassed financial standing, ALICO can achieve much higher returns for customer byinvesting the Mathematical Reserves, derived from all of its insurance policyholders, in long-term low risk securities (Greek and European Bonds). And this because the ALICO Pensionplan gives the opportunity of participating in the Proceeds of the Interest Benefit.

So you gain twice as much and ensure that your savings will have the returns planned, dependingon the duration of plan (e.g. 10, 20 or 30 years) and the amount of premium paid by customer.Of course, the greater the premiums paid, the benefits will be available to consumer and thuswhen their policy expires they will be eligible to a higher lump-sum or an exceptionally

attractive monthly pension for life.

Protecting your savings:

ALICO provides for the actual insurance protection of its insured. For that reason, InsuranceAgentwhen planning their retirement planwill suggest that they make provisions for a futuresituation in which an unforeseen event (illness or accident) may not allow to work, and they maytherefore not be able to make regular premium payments. With a small extra fee customer cansecure a Waiver of Premium benefit so that in the event that they happen to be out of work formore than six months (because of an illness or accident), ALICO will undertake to pay theypremium, enabling thus their plan to continue and, in essence, protect their savings for the periodout of work.

Option of buying life insurance (over a period of 10, 15 or 20 years)

In order to have a more comprehensive insurance cover, Insurance Agent will also suggest thattake out a Term Life Insurance for the first 10, 15 or 20 years of ALICO Pension policy,something that has an exceptionally low cost and significant benefits. For example, if a 30-yearold man opts for a Life Insurance of 30,000 over a period of 10 years, the additional premium to


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be paid will be just 5.20 per month. In this case, ALICO will also give, you an exclusive right:to convert the Term Life Insurance into Savings insurance (Endowment or Whole Life) at least 3years before it ends without a medical examination.

Group Pension Plans:

Defined Contribution Plans:

These plans aim to build a capital for each employees retirement and this is achieved through regular defined contributions and their effective long-term investment.

Defined Benefit Policies:

These plans aim to build a retirement capital which shall ensure a pre-defined benefit (paid ina lump-sum or as a pension), based on the number of years of service and the employees levelof earnings.

Income Replacement Plans:

These policies protect ones standard of living by achieving particular objectives with regard tothe employees total pension income at retirement.

Plans to Attract and Retain Executive Staff:

These are designed especially to provide incentives and give a company a strategic advantage.

Special Plans for Voluntary Retirement:

These programs help organize and implement company policies for attractive early retirementpackages.

Multiple Investment Option Plans:

These are investment choices for the company and the employee. They are based on acombination of investment portfolios and on special investment strategies.

Matching-Contribution Plans:

They represent an international trend reflecting contemporary views on managing and allocatingresponsibility towards covering the needs of employees.

Voluntary Contribution Programs:

These are organized by ALICO AIG Life with the help of the company and are exclusivelyfinanced by employees.


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Funds Administration Management:

They manage contributions, benefits and investments, as well as take care of the communicationneeds of collective programs organized in the form of Auxiliary Funds, Occupational InsuranceFunds or Mutual Help Funds.

Services:

Benefits designed based on an analysis of the groups needs. Clear and transparent policy terms. Extensive Quality Plan communication to Employers and members. Modern administrative system. Advisory services. Regular, information to Employers and members through the Internet. Prompt payment of benefits (5 working days). Multiple high-performing investment options offered both, to the employer and the

members. Special Actuarial reports.

How to Make a Claim:

ALICO understand that making a claim can be distressing at a time when they have a lot on theirmind. So theyve tried to make the process as straightforward as possible with this step-by-stepguide.

Notify us about any claim theyre making within 10 calendar days from the date that the incidentoccurred. People can write, fax, call or email. Write to:

Attention: Claims Department

American Life Insurance Company

ALICOBuilding18-20 Motijheel Commercial AreaP.O. Box 9, Dhaka 1000-BangladeshTel: (8802) 956 1791 / (8802) 716 0025Fax: (8802) 955 8682E-Mail: [email protected]

Documents

Management Operation of Life Insurance