ACE LIFE AND BANK CTBC LAUNCH FOUR BANCASSURANCE PRODUCTS

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1 1 Press Statement FOR IMMEDIATE RELEASE Media Contact: Priska Rosalina ACE LIFE AND BANK CTBC LAUNCH FOUR BANCASSURANCE PRODUCTS Jakarta, June 19, 2014 PT ACE Life Assurance ( ACE Life ), the global life insurance division of ACE Group, announced today the launch of four bancassurance products ACE Medic Link, ACE Trust Link, ACE Protect +, ACE Protek Siaga in collaboration with PT Bank CTBC Indonesia ( Bank CTBC ) for the customers of the bank. These four products are designed exclusively to meet the various needs of the Bank s customers. The Signing Ceremony was held in Hotel Mulia, Senayan, Jakarta, on the same day. The event was attended by Tham Chee Kong, President Director of ACE Life, and Joseph Shih, President Director of Bank CTBC, along with management teams from both companies. Today s bank customers are looking for a variety of financial products and services, which include insurance, wealth accumulation and investment, and ACE Life as a global life insurance provider, is in the position to develop products to meet such diverse needs. During the event, Mr. Tham made the following brief comments: At ACE, we believe in offering good value insurance protection and wealth accumulation products to meet the needs of the Indonesian public.

2 To strengthen that commitment, ACE Life has collaborated with Bank CTBC, to offer 4 protection and wealth accumulation products to the bank s customers through its branch network : -ACE Medic Link -ACE Trust Link -ACE Protec + -ACE Protek Siaga : This product offers convenient, hassle-free and comprehensive medical insurance coverage to Bank CTBC s customers. Customers can use the ACE Life medical card to gain admittance to the ACE Life panel of hospitals in Indonesia and abroad. : This is a life protection cum wealth accumulation product for customers who wish to save for their retirement. : This is a family income protection product with affordable premium and it guarantees 100% return of premium at policy expiry date if no claims are incurred. : This is an accidental protection product specially designed for mass market with cost effective premium starting from IDR 10,000 per month. Page 2/5

3 Closing this brief ceremonial, Joseph Shih added: Bank CTBC is the only bank from Taiwan operates in Indonesia as a subsidiary of CTBC Financial Holding Co., Ltd. Its retail banking business focuses to fulfill and cater the needs of small up to middle market segment by providing various products and services, both for personal and business/corporate customers. Based on CTCB s global strategies in retail banking business and best practice as the best bank in Taiwan in wealth management, Bank CTBC also develop cooperation and partnership with strategic insurance companies in Indonesia to expand and develop its bancassurance products. Today s launching of four bancassurance products with ACE Life is also proofing Bank CTBC s consistency and commitment in continuously improving and fulfilling customer retail banking business needs in Indonesia -end- Page 3/5

4 ABOUT ACE LIFE IN INDONESIA ACE Life is the global life insurance division of ACE Group, one of the world s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. ACE's core operating insurance companies are rated AA for financial strength by Standard & Poor s and A++ by A.M. Best. Specifically, to meet the needs of financial protection and security for its customers, ACE Life in Indonesia (PT ACE Life Assurance) provides a broad range of traditional and investment linked life insurance products. It has a network of 13 marketing offices throughout Indonesia with over 4,000 agents. In 2012, ACE Life won the Favorite Insurance Company award at the Bisnis Indonesia Insurance Awards 2012, along with the Favorite Insurance Product award for two of its products, ACE Hospitalization and Surgery Rider and ACE Flexi Link. In addition, the company was awarded Best Life Insurance Company by Business Review magazine for its commitment to support the growth of the local insurance industry. It was also conferred a Good rating based on the gross premium range of IDR 200 billion to 1 trillion and Best Life Insurance Company based on its asset size of IDR 500 billion from Infobank magazine. More information can be found at ACE Group and ACE Life are registered trademarks of ACE Limited. Page 4/5

5 ABOUT PT BANK CTBC INDONESIA PT Bank CTBC Indonesia ( CTBC, formerly known as PT Bank Chinatrust Indonesia) has operated in Indonesia since1997. The ownership composition of company s shares is 99% by Taiwan s CTBC Bank Co., Ltd. and 1% by PT Bank Danamon Indonesia Tbk. As one of the largest private commercial bank in Taiwan, CTBC Bank Co., Ltd., has operated since last 1966 and it is formerly known as Chinatrust Commercial Bank Co., Ltd. Globally, CTBC keeps on developing innovative banking products and services to cater financial and banking transactions to all of its stakeholders, especially its customers. As acknowledgment to its best practices of financial and banking operation, CTBC is awarded few to mention Best Bank in Taiwan, Best Emerging Market Bank in Taiwan, Best Private Bank in Taiwan, Best Wealth Management House in Taiwan, from FinanceAsia, Asiamoney, Global Finance and Euromoney. In Indonesia, at its early beginning, CTBC was established to support Taiwan-Indonesia business. Along with the growth of Taiwan s economy, CTBC has also broadened its investment. Indonesia is one of the important investment targets in South East Asia region. CTBC currently has more than 400 employees with 11 offices in 3 big cities in Indonesia which are Jakarta, Bandung and Surabaya. Page 5/5

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