AIA's new investment product

AIA's new investment product

JAKARTA (JP): PT Asuransi AIA Indonesia, a unit of American
International Group Inc. (AIG), launched AIA Invest on Wednesday,
a new product offering life insurance policy holders various
investment alternatives.

AIA Invest allows policy holders to select where their funds
would be invested, Asuransi AIA Indonesia general manager Chris
Lossin told a media conference to mark the company's 25th
anniversary.

"They may choose to put their money either in long term fixed
income investments such as bonds and time deposits, or in more
volatile investments, including shares," Lossin said.

The new product gives policy holders more options and control
over their funds, he said.

Assistant director for marketing and agency promotion Warsan
Hendrata said since its soft launching in October, AIA Invest has
enlisted 40 customers involving Rp 2.3 billion in premiums.

Approximately 85 percent of the money has been invested in
time deposits, promissory notes, and bonds, while the remaining
15 percent has been directed to higher risk investments such as
shares, Warsan said. (03)