1 Cathay Life Insurance Ltd. (Vietnam) 31 Oct 20081

2 Cathay Life Insurance Ltd. (Vietnam) 31 Oct Agenda (A) Engaged Project this month: Products submission status. Policy issued analysis. Annuity Products Introduction (Bao Viet) Market Information (B) Planning Project next month: New products submission.

3 Cathay Life Insurance Ltd. (Vietnam) 31 Oct (I) Product Submission Status: A02(Single Endowment), R01(Personal Accident Rider) & R02(Child Accident Rider) were resubmitted to MOF on Oct 28 th G01(Group Term Life), G02(Group Accident Rider, R03(Waiver Rider) – in process Declaration Interest Rate: ENGAGED PROJECT THIS MONTH Month7 ~ Rate11% 11%* *estimated

4 Cathay Life Insurance Ltd. (Vietnam) 31 Oct ENGAGED PROJECT THIS MONTH (II) Policy Issued Analysis:( 4 th Jul ~ 27 th Oct) By Products ProductJul.Aug.SepOctTotal A (26.5%) C (1.0%) C (2.0%) C (39.9%) C (30.7%) Total

5 Cathay Life Insurance Ltd. (Vietnam) 31 Oct ENGAGED PROJECT THIS MONTH (II) Policy Issued Analysis :( 4 th Jul ~ 27 th Oct) By sex of Insured AgeMF 0~ ~ ~ ~ ~ Total541585

6 Cathay Life Insurance Ltd. (Vietnam) 31 Oct ENGAGED PROJECT THIS MONTH (II) Policy Issued Analysis:( 4 th Jul ~ 27 th Oct) By Payment Mode ProductJul.Aug.SepOctTotal Single 1 (1%)0001 (0.1%) Monthly 23 (16%)22 (9%)20 (6%)22 (6%)87 (8%) Quarterly 34 (24%)26 (11%)39 (11%)60 (15%)159 (14%) Semi-A 20 (14%)33 (14%)39 (11%)48 (12%)140 (12%) Annual 62 (44%)160 (66%)259 (73%)258 (66%)739 (66%) Total

7 Cathay Life Insurance Ltd. (Vietnam) 31 Oct ENGAGED PROJECT THIS MONTH (II) Policy Issued Analysis :( 4 th Jul ~ 27 th Oct) Prod Total Annualized Prem. (million) Avg. Annualized Prem. (million) JulAugSepOctTotal A C C C03 2, C04 1, Tot 5,

8 Cathay Life Insurance Ltd. (Vietnam) 31 Oct ENGAGED PROJECT THIS MONTH (II) Policy Issued Analysis :( 4 th Jul ~ 27 th Oct) Prod Total Sum Assured ( in million) Avg. Sum Assured Per Policy (in million) A0120, C C021, C03*16, C0427, Tot65, For C03 here is the Sum Assured at issue. Average SA on the whole market is around $55.3 mil only.

9 Cathay Life Insurance Ltd. (Vietnam) 31 Oct ENGAGED PROJECT THIS MONTH (III) Annuity Product 1 ( An Huong Huu Tri ) : Pricing interest rate : 8% PPP : payable till insured attains age 56 or 61 or 66 PT : whole life Benefits : –Annuity : 100% SA payable each year after insured attains age 56 or 61 or 66 –Death : accumulated premium paid + SA during PPP or Max(10*SA -accumulated annuity paid,0) + SA after PPP –TPD : premium waived during PPP

10 Cathay Life Insurance Ltd. (Vietnam) 31 Oct ENGAGED PROJECT THIS MONTH (III) Annuity Product 2 ( An Binh Huu Tri ) : Pricing interest rate : 8% PPP : payable till insured attains age 56 or 61 or 66 PT : whole life Benefits : –Annuity : 100% SA payable each year after insured attains age 56 or 61 or 66 or a lump sum payment –Death : cash value during PPP or SA after PPP

11 Cathay Life Insurance Ltd. (Vietnam) 31 Oct ENGAGED PROJECT THIS MONTH (III) Annuity Product Comparison: Cathay Taiwan Bao Viet An Binh Huu Tri Death : (55~65) accumulated premium plus 2.5% interest will be payable Death : (55~65) Cash value at the time insured died will be payable Survival : (65~85) 100% SA will be payable no matter insured died or alive Survival : (85~110) 100% SA will be payable if and only if insured alive Survival : (66) A lump sum payment is available to be paid when insured attained age 66 Survival : (66~) 100% SA will be payable if and only if insured alive and Death : 100% SA will be payable when insured died or In addition, 300% SA will be payable when insured attained age 70, 80, 90 and 99

12 Cathay Life Insurance Ltd. (Vietnam) 31 Oct ENGAGED PROJECT THIS MONTH (IV) Market information : (announced by corporate’s EVP, Diane Bean Manulife Group) No change in their basic strategies in Vietnam Quickly development the agency network Their corporate as a whole made a 17% return on investment Asset and Management Company established in Vietnam in 2008 High employee turnover rate

13 Cathay Life Insurance Ltd. (Vietnam) 31 Oct ENGAGED PROJECT THIS MONTH (IV) Market information (cont.): 9 foreign insurance businesses including three Taiwanese insurance businesses submitted applications for being licensed to operate finance ministry planned to license some 10 insurance businesses each year, mainly non-life insurance VietcomBank Cardif Life Insurer gets business licenses (VietcomBank 45%, BNP Paribas 43%, SeABank 12% and Capital is 600B VND, announced on 29 th Oct)

14 Cathay Life Insurance Ltd. (Vietnam) 31 Oct PLANING PROJECT NEXT MONTH (I) List of Products will be submitted for approval: PriorityProductsSchedule 1 Group Term Life Insurance (G01) Group Accident Rider (G02) Waiver Rider (R03) after 3-prod (R01,R02,A02) approved 2 Group Medical Rider (G03) Critical Illness Waiver Rider (R04) Personal Medical Rider (R05) TBA

15 Cathay Life Insurance Ltd. (Vietnam) 31 Oct Thank you!