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Press Release: 2007

FINANCIAL WELL BEING & FINANCIAL SECURITY FROM ALLIANCE BANK

Kuala Lumpur, 4 May 2007 – As a bank who truly understands the needs of its customers for wealth accumulation and protection products, Alliance Bank has introduced a unique product, Alliance FutureCare Series with Critical Illness, which has the distinction of providing savings and comprehensive insurance protection at the same time.

"It sets the benchmark as a financial and protection plan that boosts one's financial well being when one is healthy and provides financial security to the insured and their loved ones at times of unforeseen events such as death or total and permanent disability or critical illness," said Liew Swee Lin, Group Head, Alliance Banking Group Consumer Banking.

Liew said Alliance Bank FutureCare Series with Critical Illness is the latest in Alliance Bank's suite of products that meets the increasing needs for sound financial planning that protects the individuals and their dependents from financial vulnerabilities arising from death, disability or critical illnesses. It underscores Alliance Bank's customer-focused approach and commitment to customize products that truly reflect customers' needs.

She said with medical inflation contributing to the increasing trend in healthcare expenditure, there is growing awareness of the need for insurance as a source of sustainable financing in the long term for healthcare and retirement.

"With innovative products like Alliance Bank FutureCare Series with Critical Illness, we are therefore well positioned to meet this need. While we offer a choice in financial excellence with added critical illness protection, we open ourselves to opportunities to tap a relatively large untapped market. According to Bank Negara statistics, less than 45 per cent of the population have a life insurance or family Takaful policy," she added.

Alliance FutureCare Series with Critical Illness not only offers full refund of premiums paid on maturity of policy but also gives extra cash reward of 24 per cent of the total premiums paid, depending on the cover tenure. It is also designed to make premium affordable from as low as RM75 per month.

It also provides insurance benefits in which sum assured is payable in the event of death, total and permanent disability or diagnosis of the any of the 36 covered critical illnesses.

-The End-

About Alliance Banking Group

Alliance Banking Group is a dynamic, integrated financial services group offering end-to-end financing solutions through it consumer banking, commercial banking, wholesale banking, Islamic banking, investment banking and stock broking businesses as well as unit trust and asset management, providing products and services that are suited for every customer at every stage of their life.

The Group has had five decades of proud history in contributing to the financial community in Malaysia with its innovative and entrepreneurial business spirit. It provides easy access throughout the country serving its broad base of customers via multi-pronged delivery channels including 79 retail branches, 10 Privilege Banking Centres, 19 Hire Purchase hubs, 23 Business Centres, 12 Investment Bank branches, 6 direct marketing offices and 3 unit trust agent offices located nationwide in a mix of rural and urban areas.

Through strategic partnerships, the Alliance Banking Group is also able to offer customers to regional and global platforms.

The Group's aspiration is to be Malaysia's premier integrated financial services group delivering the best customer experience and creating long term shareholder value. Strategic alliances, enhanced group synergy, excellent technology and human capital will be the key to creating long term value for all stakeholders.

Alliance Bank is wholly-owned subsidiary of Malaysian Plantations Berhad.

 
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