1. 1 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 20081Planning

2. 2 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 20082 Agenda (A) Engaged Project this month: Products submission status. Market information update. Overview of Life Insurance Market (Jan ~ Jun 2008) Policy issued analysis. Premium discount program. (B) Planning Project next month: New products submission.Planning

3. 3 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 20083 (I) Product Submission Status: A02(Single Endowment), R01(Personal Accident Rider) and R02(Child Accident Rider) already got internal approval. G01(Group Term Life), G02(Group Accident Rider) and G03(Group Medical Rider) – in process. Declaration Interest Rate: ENGAGED PROJECT THIS MONTH MonthJulyAugustSeptember* Rate11% * estimatedPlanning

4. 4 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 20084 ENGAGED PROJECT THIS MONTH (II) Market information: Insured AIA renames AIG Life Vietnam. A new product launched by ACE Life “Life Long Financial Plan Benefits Elderly Citizens”. Vietnam Life insurance market forecast to grow 15% in 2008. Planning

5. 5 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 20085 ENGAGED PROJECT THIS MONTH (III) Overview of Life Insurance Market (Jan ~ Jun 2008) Premium Income of all in-force polices (in billions) CompanyPremium IncomeMarket Share Prudential (1,816)  2,051 40.8% Bao Viet (1,612)  1,709 34.0% Manulife (446)  508 10.1% Others (552)  759 15.1% Total (4,426)  5,027 100% (premium income in Jan ~ Jun 2007)Planning

6. 6 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 20086 ENGAGED PROJECT THIS MONTH (III) Overview of Life Insurance Market (Jan ~ Jun 2008) Number of new polices (riders included) CompanyNB in Jan ~ JunIn-force Prudential (192,924)  260,388 2,991,262 Bao Viet (262,044)  200,215 3,568,805 AIG (47,613)  42,857 944,969 Others (60,710)  97,305 1,744,894 Total (563,291)  600,765 9,249,930 (number of new polices in Jan ~ Jun 2007)Planning

7. 7 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 20087 ENGAGED PROJECT THIS MONTH (III) Overview of Life Insurance Market (Jan ~ Jun 2008) Total number of life insurers’ agents was more than 65,000 The average insurance amount per new policies was 41.8 millions in 2008 (30.2 million in 2007). The best selling product was variety of endowment insurances. The investment products (universal life and unit-link) contributed 16.7% of NB premium income.Planning

8. 8 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 20088 ENGAGED PROJECT THIS MONTH (IV) Policy Issued Analysis:( 4 th Jul ~ 26 th Aug) By product # of Policy Issued ProductJul.Aug.Total A01464490 (25.5%) C01527 (2.0%) C0211011 (3.1%) C034387130 (36.8%) C044768115 (32.6%) Total142211353Planning

9. 9 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 20089 ENGAGED PROJECT THIS MONTH (IV) Policy Issued Analysis :( 4 th Jul ~ 26 th Aug) By sex of Insured AgeMF 0~96261 10~1913 20~294058 30~392231 40+1736 Total154199 By Payment Mode Payment mode# of Policy Single1 (0.3%) Monthly50 (14.2%) Quarterly64 (18.1%) Semi Annually53 (15.0%) Annually185 (52.4%)Planning

10. 10 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 200810 ENGAGED PROJECT THIS MONTH (IV) Policy Issued Analysis :( 4 th Jul ~ 26 th Aug) Prod Total Annualized Prem. (in million) Avg. Annualized Prem. Per Policy (in million) A01217.42.4 C0144.16.3 C0243.94.0 C03772.0 (710.3)5.9 (5.5) C04582.75.1 Tot1660.1 (1598.4)4.7 (4.5) (excluded annualized prem. >= 30 millions)Planning

11. 11 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 200811 ENGAGED PROJECT THIS MONTH (IV) Policy Issued Analysis :( 4 th Jul ~ 26 th Aug) Prod Total Sum Assured ( in million) Avg. Sum Assured Per Policy (in million) A017,99488.8 C0126037.1 C0258052.7 C035,07639.0 C0410,14888.2 Tot24,05868.2Planning

12. 12 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 200812 ENGAGED PROJECT THIS MONTH (V) Premium Discount Program: Discount for internal staffs CompanyTraditional Prod.Unit-Link Prod. Prudential50% FYP 50% / 25% / 25% ANP (only first 3 years) ManulifeAll commissions Dai-ichi50% FYPN/A AIG1 st year commissionN/APlanning

13. 13 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 200813 ENGAGED PROJECT THIS MONTH (V) Premium Discount Program: Discount for high “Premium” (Dai-ichi Life) Annual premiumRate (% of premium) < 2.5M0% 2.5M ~ 4.0M3% 4.0M~7.0M4% 7.0M~10.0M5% 10.0M~14.0M6% >=14.0M7%Planning

14. 14 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 200814 ENGAGED PROJECT THIS MONTH (V) Premium Discount Program: Discount for high “sum assured” (Prudential) Sum Assured Rate (% of sum assured) Education PlanAnticipated Prod. <60M0% 60M~120M0.3%0.4% 120M~180M0.45%0.6% >=180M0.6%0.8%Planning

15. 15 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 200815 PLANING PROJECT NEXT MONTH (I) List of Products will be submitted for approval: PriorityProductsSchedule 1 Group Term Life Insurance (G01) Group Accident Rider (G02) Sep. 2 Group Medical Rider (G03) Critical Illness Waiver Rider (R03) Waiver Rider (R04) Personal Medical Rider (R05) Oct.Planning

16. 16 Cathay Life Insurance Ltd. (Vietnam) 29 Aug 200816 Thank you! Planning