AIG Domestic Accident & Health Division Launches New Vision Care Insur

    Business Editors

    NEW YORK--(BUSINESS WIRE)--Feb. 16, 2005--The Domestic Accident and Health Division of the AIG Companies(SM) today announced the launch of AIG Vision Care, a new insurance program designed to help companies strengthen their benefit packages with broad vision coverage that can be customized to meet the specific needs of their businesses.
    AIG Vision Care delivers a full-range of eye-care programs supported by a highly accessible network of skilled ophthalmologists, optometrists, opticians and vision care centers located throughout the country. Additionally, insureds will be reimbursed for any claims originating from a visit to a nonparticipating vision service provider. Coverage may also be extended to spouses and dependents of an insured.(a)
    With more than 150 million Americans wearing corrective lenses(1), companies that include quality vision coverage as part of their benefits package may be better positioned to attract and retain skilled employees.
    "A sound vision care program not only satisfies the growing demand for such coverage, it may help to improve employee productivity and limit absenteeism related to vision ailments," said Stephen A. Gold, President, AIG Domestic Accident and Health Division. "Further, the AIG Vision Care program can be easily added to existing benefit plans with minimal additional administration."
    The AIG Vision Care program provides maximum flexibility by offering alternative program structures, including multiple provider networks and varying levels of benefits. As a voluntary program payable through convenient payroll deductions, companies can obtain the precise vision benefits their employees value most at affordable group rates. AIG Vision Care is also available on an employer-paid basis, helping companies become "employers of choice."
    For more information on AIG Vision Care, please contact Leilani Brown, Vice President of Corporate Markets, AIG Domestic A&H, at 212/ 770-2319 or leilani.brown@aig.com.

    American International Group, Inc. (AIG) is the world's leading international insurance and financial services organization, with operations in more than 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG's global businesses also include retirement services, financial services and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed in the U.S. on the New York Stock Exchange and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

    (a) AIG Companies refers to the domestic property and casualty insurance subsidiaries of American International Group, Inc. (AIG). Issuance of coverage is subject to underwriting review and approval. The description herein is a summary only. It does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions. Coverage may not be available in all states. Non-issuance products may be provided through independent third parties.

    (1) Employee Benefit Plan Review, March 2002

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CONTACT: AIG Andrew Silver, 212-770-3141

KEYWORD: NEW YORK INDUSTRY KEYWORD: INSURANCE BANKING PRODUCT SOURCE: American International Group, Inc.

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