Latest news with #IrmaHadikusuma
Straits Times
12 hours ago
- Business
- Straits Times
Are you set to retire comfortably in Singapore?
Sign up now: Get ST's newsletters delivered to your inbox Generic photo of an elderly couple strolling near Clementi 448 Market & Food Centre, on Aug 26, 2024. Can use for story on ageing population, senior, independent, health care, Geriatrics, Elder care, Assisted living, Nursing home, Retirement, Dementia, Alzheimer disease, Longevity, Palliative care, Mobility aid, and Chronic illness. SINGAPORE – You're in your 50s, the kids are grown and off your hands, the mortgage is nearly paid off and a comfortable retirement beckons, but life's next chapter can bring unexpected challenges. A friend who thought he had more than enough to retire on had to stop work earlier than planned to care for her elderly parents and a dependent sibling. Such surprises, along with longer life expectancy and higher living costs, can derail the best-laid plans, making preparations for your golden years more critical than ever. The road to retirement requires immediate attention, from understanding how far your savings will stretch to making sense of the Central Provident Fund (CPF) and various government support schemes. Healthcare becomes a key focus. A comprehensive insurance plan covering critical illness and long-term care is crucial, says Mr Harpreet Bindra, chief executive of HSBC Life Singapore. This can help offset the financial impact of unexpected medical emergencies and ensure access to necessary care without depleting your savings. Ms Irma Hadikusuma, chief marketing and healthcare officer at AIA Singapore, reminds us that 'retirement isn't just a finish line; it marks the start of a new, potentially decades-long chapter in your life without an active income'. So how much do you really need for a comfortable retirement? Experts have sobering advice on this and whether it makes sense to those close to retiring to take up new insurance plans. Top stories Swipe. Select. Stay informed. Singapore PM Wong calls on S'poreans to band together for nation to remain exceptional in National Day message Singapore Nation building is every Singaporean's responsibility, not the work of one party alone: Pritam Singapore Four foreign leaders to attend NDP 2025 at the Padang Singapore 'This is home', for retired shop owner putting up 11th flag display in Toa Payoh to mark SG60 Singapore Singapore leaders send congratulatory letters to South Korean counterparts to mark 50 years of ties Singapore Relaxed rules 'not a silver bullet', but a step in right direction, say nightlife businesses Business Singapore's digital banks trim deposit rates, mirroring moves by incumbent players Singapore Chief Justice allows founder of site that ran fake KKH story to be called to the Bar So how much? A nest egg of $1 million has long been a common aspirational retirement target. With this much in cash and liquid assets, a retiree can expect a comfortable withdrawal of more than $4,000 a month over 20 years after retirement. Other retirement sums have also been bandied about – from $550,000 to $1.9 million. Fortunately, CPF Life, a national longevity insurance annuity scheme, provides Singaporeans and permanent residents with a monthly income from age 65 for as long as they live. If you hit 55 in 2025, you can give your retirement income from age 65 a big jump if you plan for the current CPF Enhanced Retirement Sum of $426,000. Doing so will enable you to receive $3,300 a month. A DBS study found that the median CPF payout covers over half the median expenses of its retiree customers. According to the 2023 Household Expenditure Survey, households with non-working individuals aged 65 or over spent an average of $2,349 per month. This means aspirational needs will have to be supplemented by income-generating solutions such as unit trusts or other investments to complement the CPF payouts. What constitutes 'enough' is deeply personal. 'For some, it may include travel, dining out frequently and pursuing hobbies. For others, it could simply mean covering essential financial needs without worry,' says Mr Bindra. 'What remains important to remember is that individuals need to plan not just for today's cost of living, but for years to come.' The focus shouldn't be on hitting a universal number, but more on building a plan that is tailored to your needs and flexible enough to evolve through life stages. Integrating both wealth and health to help you face the future with confidence, he says. Mr Jason Lim, head of product management at Prudential Singapore, suggests that you ask yourself some questions to determine your financial readiness: What is your desired retirement lifestyle and the estimated expenses? Do you have sufficient income streams or savings to fund this lifestyle? Do you have adequate health insurance coverage for retirement? How much debt or liabilities will you have and how will you service them? Do you have an emergency fund to cover unexpected expenses? Common mistakes in planning Mistake 1: Thinking it's too late to start The most pervasive myth among late starters is that if you've missed the golden window for compounding in your 20s or 30s, it is pointless to start now. But financial planning is a journey, not a race. While you may not be able to fully harness the magic of compounding, you can certainly avoid the paralysis of inaction. 'No matter what their horizon, there are always steps that pre-retirees can take to ensure that they are prepared for retirement,' says Mr Thomas Lee, chief product officer at Manulife Singapore. Even modest action such as calculating your current net worth, for example, lays the groundwork, he adds. From there, a clear-eyed inventory of assets, liabilities and likely future income can transform a sense of helplessness into agency. The next step is to map out your goals and determine realistic actions which can range from topping up your CPF account to setting up a regular savings plan. Mistake 2: Assuming spending will decrease with age It is a fallacy to think that as life slows down, so too will our expenses. The CPF's Retirement and Health Study shows that spending often accelerates in later years, driven by healthcare, housing modifications and, increasingly, helping out with grandchildren or enjoying the leisure previously deferred. Planning with rose-tinted glasses and assuming your cost of living will magically halve only set up nasty surprises. Instead, aim for conservative estimates on spending, and factor in inflation, new hobbies, travel or unexpected family obligations. Mistake 3: Grossly underestimating healthcare costs The most common mistake pre-retirees make is underestimating healthcare costs and overestimating how long their savings will last. While Singaporeans are covered by Medishield Life or Integrated Shield Plans, and have access to government subsidies, these safety nets are not enough as not all expenses are covered. 'Outpatient costs, for example, can add up, especially if one is suffering from a major illness that requires substantial cash outlay,' Mr Lee says, adding that a critical illness policy may be helpful. Working Singaporeans who rely on company-provided insurance coverage while employed must remember that this will typically lapse upon retirement, just as higher medical needs emerge. Mistake 4: Too conservative It is common for pre-retirees to move all their investments into conservative ones or assets with guarantees. Ms Hadikusuma says while these options may offer higher certainty, their returns are often low and may not keep up with inflation. As we are living longer, retirement can stretch over 20 years or more, so your money needs to keep growing throughout that time. Higher-risk assets have the potential to withstand inflation and market fluctuations and deliver better long-term returns. 'A better approach is to gradually reduce your investment risk during your retirement years, rather than making an abrupt shift, and to ensure you secure a sufficiently diversified source of income before and during retirement,' she adds. Mistake 5: Not reviewing plans Early and consistent planning is essential as retirement is not a one-off event but an evolving strategy that requires regular reviews and adjustments, ideally with a trusted financial adviser, Mr Bindra says. This ensures that your plan remains robust and relevant throughout retirement, providing confidence, dignity and freedom in later life. Is it too late to buy insurance? It's never too late to review your protection needs, but as you approach retirement, it's important to focus on healthcare coverage. Health risks increase with age, so ensure you have suitable medical insurance to manage expenses and reduce out-of-pocket costs. Buying life insurance in your 50s may not be the best choice if you have no dependants or debt, says Ms Hadikusuma. 'It may be more practical to direct those funds towards health-related coverage, topping up your CPF, building income-generating investments or strengthening your emergency fund,' she adds. If you do need life insurance, choose plans with shorter premium terms and ensure you can afford the premiums with your retirement cash flow or MediSave balances. That said, if you have dependants, you can consider plans with shorter premium terms of five or 10 years that allow you to complete your financial obligations before retirement, she says. The goal is to identify a plan that offers adequate protection without over-stretching current finances, Mr Bindra adds. Getting on track A good gauge to see if you are on track to securing a comfortable retirement is to look at your projected monthly income in retirement, which includes CPF Life payouts, savings, investments and insurance. Compare them against your estimated expenses, which typically range from 70 per cent to 90 per cent of your current spending, according to FWD Insurance Singapore. You are likely on track if your projected income meets or exceeds these needs, with added buffers for inflation and healthcare costs. Here's a list to help you: What to keep: Policies with fully paid-up premiums, as these continue to offer coverage without additional financial commitments. This includes your protection, savings and life insurance. What to review and adjust: Policies that require ongoing premium payments into your retirement years. If these payments are likely to strain your retirement income, consider adjusting the coverage amount, which may lower the premium payments, Ms Hadikusuma says. Health insurance premiums typically rise with age and if the cost becomes unsustainable, consider switching to a plan that aligns with both your healthcare needs and budget. Always seek professional advice from your trusted financial consultant before making any decisions. For both protection and health insurance, the critical consideration is premium sustainability – ensuring you can continue to afford the premiums comfortably during retirement. If necessary, consider adjusting your coverage level or benefits before retirement while your health status still qualifies you for plan changes. Safeguarding against unplanned medical costs often requires securing additional policies such as critical illness cover well before retirement. The earlier you apply, the more affordable (and certain) the cover. Relying solely on employer perks, or even public healthcare coverage, can leave significant blind spots. A Manulife Asia survey conducted in 2025 found that Singaporeans are acutely aware of the risks. Despite this, nearly half of their assets outside property are still kept in cash – hardly ideal when you consider the eroding effects of inflation over 20 years or more. Many realise the need for diversified investments for long-term income. Ms Koh Hui Jian, chief executive of Manulife Investments Singapore, says diversifying investments, building sustainable income streams and making better use of idle cash are essential steps in future-proofing your financial plans. 'With inflation and longevity top of mind, it's important to start early and stay invested, even into retirement,' she says. Ultimately, experts say knowing that our expenses are manageable and that our health is at its best provides the peace of mind to enjoy our golden years to the fullest. As Prudential's Mr Lim notes: 'As the saying goes, health is wealth. Maintaining good health through good diet, exercises, and regular check-ups can reduce the likelihood and severity of health shocks, which may need us to dip into our retirement funds.'
The Sun
30-04-2025
- Business
- The Sun
AIA Singapore celebrates SG60 with a year of initiatives to empower holistic well-being across the nation
SINGAPORE - Media OutReach Newswire - 30 April 2025 - AIA Singapore today announced a year-long line-up of initiatives designed to connect with Singaporeans across all ages, empowering individuals to enhance their holistic wellness. Aligned with nationwide celebrations, these initiatives also emphasise giving back to the community, reinforcing AIA Singapore's commitment to continue making a meaningful impact in Singapore and for its people. These initiatives include: Launching a customised 'Live Better with AIA' Monopoly game set to empower individuals and families to embrace a holistic approach to life, focusing on physical, financial, and mental wellbeing. Rolling out a family-centric campaign to encourage Singaporeans to strengthen and secure their family's financial future. Partnering with Rainforest Wild ASIA at the Mandai Wildlife Reserve to inspire a love for nature and wildlife amongst Singaporeans by encouraging meaningful connections that improve wellbeing. Series of events specifically catered to affluent and High-Net-Worth (HNW) clients from the AIA Altitude programme, providing them with bespoke experiences that reflects our 'Wealthbeing by AIA' proposition. Strengthening community bonds with Corporate Social Responsibility (CSR) activities focused on giving back to less-privileged members of society communities and making a positive social impact. 'AIA Singapore has proudly championed the health and well-being of Singaporeans across generations. As needs evolve, we remain committed to introducing innovative initiatives that promote holistic well-being and redefine what it means to live a healthy and active lifestyle. As Singapore marks its 60th birthday, we reaffirm our dedication to helping Singaporeans live Healthier, Longer, Better Lives,' said Irma Hadikusuma, Chief Marketing and Healthcare Officer of AIA Singapore. Live Better with AIA x Monopoly The 'Live Better with AIA' Monopoly game set is Singapore's first-ever insurer-customised edition of the iconic game. Designed to reflect the nation's unique culture and experiences, it takes players through key life milestones and decisions, highlighting challenges and opportunities in health, wellness, financial planning, and social responsibility. Some stand-out features of the 'Live Better with AIA' Monopoly game set include: Street tiles representing a Singaporean's continuous journey of self-growth: Each tile represents distinct lifestyle enhancements, from essential needs to ultimate luxury. By integrating local cultural elements and unique Singaporean experiences, the tiles are designed to reflect the players' diverse aspirations. Traditional houses and hotels replaced with Upgrades and Transformations: Upgrade represents a significant milestone in enhancing one's lifestyle, such as advanced workshops, personalised wellness plans, or high-end home features. Transformations signify even higher levels of achievement, like attaining expert certifications, investing in luxury property, or accessing exclusive experiences. 'Chance' cards with a local flavour: Chance cards incorporate Singaporean slang while retaining their original outcomes. Players are encouraged to get up and move to earn their cash, promoting an active lifestyle. 'Community chest' cards with relatable life moments and community engagement: Players can experience a range of real-life scenarios, such as earning bonuses, receiving angbao money at Chinese New Year, and celebrating family milestones like winning an award. Irma said, 'The Live Better with AIA Monopoly goes beyond financial planning. It's a platform for families to bond over, learn together, and make informed decisions that enhance their holistic wellbeing. It's not just about winning – it's about building a life filled with purpose, personal growth, and meaningful connections.' The 'Live Better with AIA' Monopoly game set is exclusively available through AIA insurance representatives. More details can be found here: AIA Better Together Promotion To celebrate SG60 and the National Family Festival in June, AIA Singapore is launching a special campaign to help families safeguard their financial future. From 6 May to 31 July 2025, AIA Singapore is offering up to 20% off eligible plans plus a free family adventure pass to Mandai Wildlife Reserve (worth S$200). This initiative aligns with the national focus on families, empowering Singaporeans—especially young families—to build a strong financial foundation for the future. It also reflects AIA Singapore's commitment to supporting and strengthening families, recognising their vital role in shaping a resilient society. More details on tthe promotion can be found here from 6 May: AIA Singapore's tapir adoption and AIA Vitality bounce sponsorship at Rainforest Wild ASIA In February this year, AIA Singapore celebrated the opening of Rainforest Wild ASIA at Mandai Wildlife Reserve, reinforcing its commitment to community engagement, wildlife conservation, and healthier lifestyles. As AIA Singapore continues to support initiatives that promote well-being and sustainability, this collaboration aligns with the AIA One Billion initiative, which aims to empower one billion people to live Healthier, Longer, Better Lives by 2030. For more details, please refer to the press release. Elevating the 'Wealthbeing by AIA' Proposition for high-net-worth clients (HNW) As part of AIA Singapore's continued efforts to serve affluent and HNW clients in Singapore and across the region, a curated series of events, momentos and experiences catering specifically to AIA Altitude members will be held throughout the year. Members of the by-invite-only programme will be provided access to unique and bespoke opportunities that reflect the 'Wealthbeing by AIA' proposition, our belief that true wealth transcends mere financial wellness and encompasses holistic wellness. Additionally, AIA Altitude Pinnacle members celebrating their 60th birthday in 2025 will be gifted an exclusively designed Silk Scarf designed by local designer and founder of Singapore lifestyle brand Onlewo, Mike Tay[1]. The design on the scarf captures the dynamic blend of Singapore's heritage and progressive nature. The exquisite design mirrors AIA Singapore's commitment to evolve alongside customers as a trusted partner in health and wealth, a similar reflection Singapore's transformation in the past six decades into a metropolitan city. AIA Altitude will also be partnering with the Michelin Guide to present Gastronomic Heritage, a booklet featuring prominent four family-owned restaurants and chefs from Singapore, each with a rich legacy spanning multiple generation. Pulling parallels between these eateries and one's wealth planning journey, Gastronomic Heritage will spotlight key values about legacy building and inheritance, spurring AIA Altitude members to curate conversations about growing and protecting their wealth holistically. They will also be treated to an experiential, specially curated dish or experience at these featured restaurants. Other exclusive events for AIA Altitude members lined up for the year include wine and sake pairing sessions with featured brands from Gastronomic Heritage, exclusive SG60 National Day celebration at the AIA Wealth Centre overseeing the view of Padang, a trip to local Gin distillery Brass Lion, paired with a hands-on experience to craft an exclusive bottle of Gin infused with familiar local flavours, and more. Beyond leisure and enjoyment, these events will also incorporate insightful business topics, ranging from investment strategies and legacy planning to wealth enhancement, empowering AIA Altitude members to achieve holistic success in both their personal and professional lives. AIA strengthens community bonds through increased focus on CSR Initiatives AIA Singapore is dedicating the year to giving back to the community through a series of CSR initiatives, with AIA staff and insurance representatives participating in volunteer programmes to support those in need. Its adopted charities will also be invited to share about their mission and needs at various AIA office locations, encouraging employees and AIA insurance representatives to contribute meaningfully. This year, we will also recognise and celebrate the efforts of 'AIA Connecting Lives' volunteers who dedicate their time to serving the community. Additionally, as part of AIA Singapore's sponsorship of Mandai Rainforest Wild Asia, special edition tapir plushies will be available for sale with all proceeds going to the AIA Better Lives Fund. 'SG60 is not just a time for celebration but also a moment of reflection on our shared values and goals as Singaporeans. This year, as we embrace 'Building Our Singapore Together,' we recognise that each of us has a role to play in supporting one another and shaping a stronger, more resilient nation,' said Irma. [1] Mike Tay was also featured among the top 50 Most Influential Singapore Designer in Singapore Tatler Homes, 2016. More information available at: * AIA Better Together Promotion 2025 Terms & Conditions apply
Zawya
06-02-2025
- Business
- Zawya
4 in 5 Singapore residents prioritising savings, investments and insurance amongst others despite expectations of a tough year ahead: AIA Live Better Study
18-29 year olds significantly more optimistic and feel more financially prepared to confront the year compared to 40-49 year olds. SINGAPORE - Media OutReach Newswire - 6 February 2025 - AIA Singapore today announced findings from the seventh edition of the AIA Live Better Study, which reflects the evolution of a society where more than 4 in 5 (83%) of Singapore residents plan to actively manage their finances amid concerns of a sluggish economy in 2025. The survey aims to uncover the aspirations and concerns of Singapore residents as they navigate these challenging times in the new year. The study also found a stark contrast in the temperament and financial preparedness between two age groups. While more than half (54%) of those aged 18 – 29 feel financially prepared to tackle the challenging economic situation in 2025, only 34% of those aged 40 – 49, many of whom are taking care of their parents or kids, share similar sentiments. Conducted in November 2024, the AIA Live Better Study[1] investigated the evolving financial, health, and wellness needs of Singapore consumers. Against expected muted economic growth in 2025[2], this year's study explores the mindset and actions of Singapore citizens and PRs as they navigate these challenging times. Unsurprisingly, only 47% of Singapore residents are optimistic about the economy. Inflation and cost of living (50%) remain the top economic concern amongst the population, followed by worries over job security (35%) and income levels (34%). "Despite the expectation of challenging times, the people of Singapore are showing remarkable resilience and proactiveness. This reflects a maturing society which has a better understanding and appreciation of the value of planning early and planning well for their future and that of their loved ones, which is especially noteworthy as we celebrate Singapore's 60 th birthday this year," said Irma Hadikusuma, Chief Marketing and Healthcare Officer at AIA Singapore. "AIA Singapore is committed to supporting the community with compelling solutions, tools and resources needed to overcome today's challenges and secure a prosperous future. Our mission is to help people live healthier, longer, better lives, ensuring financial and overall well-being," she added. Securing financial resilience: Insurance and investments take centerstage in long-term financial plans Rather than wringing their hands in despair, Singapore residents are taking on a positive mindset with more than 1 in 2 (54%) indicating that financial readiness in the long-run is more important to them in 2025 compared to the previous year. The top three priorities Singapore residents believe will help them achieve financial security are savings (62%), a stable income (57%), and to have emergency funds (52%). Notably, 1 in 2 (48%) Singapore residents also cited insurance as an important way to ensure financial stability, a positive indication of an increased understanding about the importance of insurance as part of long-term financial planning. Looking ahead, Singapore residents have plans to uptake a myriad of long-term financial solutions to prepare against the volatile economy in 2025: Approximately 3 in 5 (59%) Singapore residents are tightening their purse strings and planning to spend less on daily expenses or big-ticket purchases. Singapore residents are making plans to build emergency funds (29%), plan for retirement (28%), and diversify investments (27%) to strengthen their long-term financial readiness. Singapore residents are likely to see an increased uptake in endowment and investment plans as over a fifth of respondents intend to boost their expenditure towards insurance (22%) and investments (27%) in the coming year. AIA Singapore offers a comprehensive range of compelling solutions designed to align with the unique aspirations of individuals and families, encouraging them to start their savings journey early. By leveraging the power of compounding interest, we help individuals and their families grow their investments for the long-term and secure a prosperous future. AIA insurance representatives are here to provide personalised guidance to help you make informed decisions about your financial well-being. Balancing the budget in preparation for rising healthcare expenses A substantial subset when it comes to Singapore's cost of living is healthcare costs. Aligned with Health Minister Ong Ye Kung[3], the study noted that the increasing cost of healthcare is a key economic concern that must be addressed. Key insights include: More than half (53%) of Singapore residents perceive healthcare costs to be expensive. Yet, less than half (47%) feel financially prepared to manage these costs, calling for more support, financial and non-financial, by both the government and private sectors. Singapore residents are taking matters into their own hands, planning to combat the potential high healthcare costs via insurance plans (57%), personal savings (56%) and government healthcare financing and support (49%). A Generational Gap: 18 - 29 year olds are stressing and skimping less compared to their 40 - 49 year old counterparts Many in their 40s are feeling the pressures of being in the sandwiched generation, and they are the most pessimistic about their outlook for 2025 across all demographics. This is in comparison to the more optimistic demographic of 18 – 29 year olds in Singapore. Financial Priorities Shift with Age: From Experiences to Stability Despite the nation's overall sentiment, the younger generation (aged 18 - 29) are less stressed about the economy and are less likely to take steps towards financial preparedness. This is in contrast to Singapore residents in their 40s. The younger generation is more optimistic (56%) about the economy than those in their 40s (38%), They are less concerned about inflation and cost of living (34% compared to 63%). Fewer 18-29 year olds strive to be debt and loan free (16%) compared to their older counterparts (28%). Less than 2 in 5 (34%) younger adults foresee themselves cutting back on daily expenses and only 35% planning to reduce their budgets for big-ticket items. In contrast, approximately 1 in 2 (47%) of those in their 40s will be cutting their daily spending and 45% will be reducing purchases of big-ticket items. This could be attributed to their current phase in life – between completing their education and starting their working life - those between the ages of 18 and 29 are focused on experiencing the fun and joys of life[4]. Stresses on the Job Market Having stable employment is important to all Singapore residents regardless of age. Approximately 1 in 2 (47%) of those aged between 18 and 29 years old, and approximately 3 in 5 (61%) of those in their 40s cited it as an increasingly important aspect of their overall wellness in 2025. However, their likely approach to pre-empting a potential loss of job differs: While the younger ones prioritise upskilling (40%) more than the older generation (28%), The latter will focus on building their savings (55%) and setting aside emergency funds (46%). Even the support that the two age groups require differs: While 18 – 29 year olds find mental health and well-being support (40%) to be more important, 40 – 49 year olds would prefer more practical support in the form of job placements, career transition services (52%) and access to online training and upskilling programmes (47%). The differing reactions and behaviours towards the economy underscore the stage of life that both groups are in. While the younger generation is still learning to live life and experience the joys that come with it, those in their 40s recognise the many responsibilities they have. While their approaches differ, both generations share the goal of securing a stable future in challenging times. [1] The seventh wave of the AIA Live Better Study is an independent study that was conducted from 29 November to 9 December 2024 with a sample size of 1,000 representing Singapore's general population. [2] 'Economic trends to watch for Singapore in 2025' (Jan 1, 2025) The Straits Times. Available at: [3] 'Healthcare costs are rising in Singapore. Is there really nothing we can do about it?' (Nov 23, 2024) CNA. Available at: [4] 'The Big Read: Understanding why millennials and Gen Zers feel the way they do about work' (Jul 30, 2022) CNA. Available at: Hashtag: #AIASingapore The issuer is solely responsible for the content of this announcement. 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 – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR[1], Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR[2], and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd. The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$289 billion as of 30 June 2024. 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, AIA serves the holders of more than 42 million individual policies and 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 codes "1299" for HKD counter and "81299" for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol "AAGIY". AIA Singapore
