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Financial Daily
from THE HINDU group of publicationsc

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½ur Bureauc

ÔUÔBAI, June 20c

TATA AIG Life Insurance Company has tied up with HSBC Insurance services to distribute its
products to HongKongBank customers.c

HSBC insurance services has completed the formalities stipulated by the regulator, IRDA for
being a corporate agent and has been issued a composite agency licence by Tata AIG, said
a press release.c

According to Ôr Z. Cama, CE½, HSBC: ``We believe bancassurance offers immense

business potential and our tie-up with Tata AIG will enable us to offer customers the
complete suite of financial products. The setting up of HSBC insurance services is our fir st
step in that direction'.c

With HSBC insurance services ``having completed all requirements to be our corporate
agent we are ready to start rolling out our products to HSBC customers at the earliest'', said
a press release, quoting Ôr Dalip Verma, Ôanaging Director Tata AIG Genera l Insurance
Company.c

Tata AIG is the joint venture between the Tata group and AIG, the US-based international
insurance and financial services organisation.

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Financial Daily from THE HINDU group of publications
Saturday, Jul 02, 2005

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Chennai , July 1

HSBC Bank has set its eyes on personal and business insurance in collaboration with
the Tata-AIG Life and General Insurance companies. The bank has on offer a range of
life and non-life insurance schemes in the personal insurance segment. The life
insurance schemes include ÔahaLife Gold and Nirvana Pension Plan.

ÔahaLife Gold offers lifetime coverage on payment of premium for 15 years. Ôaximum
age allowed is 55 years.

The Nirvana Pension Plan isprimarily intended to provide an annual income after
retirement.

Its USP is that with increasing life expectancy, the typical individual will be in need of
income for many decades after retirement.

The insured can withdraw 25 per cent of the benefit amount in cash at the selected age
of retirement.

The balance amount is used to buy an annuity that will yield a monthly income either
for a specified period or for the rest of the individual's life, according to choice.

The USP of the Loan Repayment Protection plan is that "unfortunate events in life
cannot be prevented, but you can still protect your family from such mishaps.

Especially when it comes to paying your home loan instalments ."

Cover under this policy is available not only in the event of death but also permanent
disability of the primary applicant.

In the event of disability or death, HSBC Bank must be informed in writing. After
approval by Tata AIG Life, the insurance proceeds will be paid directly to HSBC to offset
the outstanding home loan.

½ther life and non-life personal insurance schemes include Assure EduCare, Assure
Security and Growth Plans, Assure Lifeline Plans, Assure Golden Years Plan, medical
insurance, home and motor vehicle insurance, personal accident cover and travel
insurance.
Information on each of the above schemes is available at HSBC's Web site. Likewise,
business insurance is available for a wide array of enterprises, including small and large
scale manufacturers, banks and financial services, FÔCG distributors, retailers,
construction, doctors/lawyers/other professionals, film and entertainment business,
hospitals and health care, hotels, imports/exports, mining, offices, oil and gas,
shipping, telecom and transport.

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