ACE Life - Official Announcement of its Presence in Vietnam

On December 2, 2005, in Ho Chi Minh City, the life insurance ACE Life Limited officially announced its operation on the Vietnamese market. Mr. Evan Greenberg – the Chairman, General Director of the global ACE Group attended the opening ceremony.

ACE Life is 100-percent owned American Company belonging to the ACE INA International Holding Ltd. It officially received the business license in June 2005, granted by the Prime Minister and the Minister of Finance. ACE Life has introduced life insurance products on the Vietnamese market including Time of Death, Education Investment, Accidental Death and Disability.

According to the leaders of ACE Life, in 2006, the company will apply the form of collecting the insurance premium through banks for providing maximum support to the clients in executing the insurance policy. This is a safe and convenient method of premium payment.