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This release was distributed to members of the Financial Press Club and other press in Japan, in Japanese only. The following translation is provided for information only. Manulife Japan has formed partnership with Shinsei Bank and started sales of Investment-type Annuity "ManuSolution" at Shinsei's Main and Branch Banks Japan - Manulife Life Insurance Company (Head Office: Chofu-shi, Tokyo, President & CEO: Trevor Matthews) formed a tie-up with Shinsei Bank, Ltd. (Head Office: Chiyoda-ku, Tokyo, Chairman and President: Masamoto Yashiro) and started sales of Manulife Japan's investment-type annuity insurance product "ManuSolution" at the bank's main and domestic branch offices from June 23. Regarding the launch of the tie-up sales with Shinsei Bank, Keith Walter, Manulife Japan's Senior Vice President and Managing Corporate Officer, comments as follows: "It is our great pleasure to be able to market ManuSolution, a product well received by customers around the country for its characteristic strengths, through Shinsei Bank who are continually advancing to be "a bank much desired by customers". We believe ManuSolution can attract Shinsei Bank customers as a strong asset building vehicle." About ManuSolution Manulife Japan launched "ManuSolution" on a nationwide basis in February 2002. The product boasts unique features such as: "Basic annuity amount guaranteed at 80% of single premium amount, irrespective of investment performance": " Capital Protected Fund (CPF) option, which is quite unique for an investment-type annuity": "Fund switching available with all the separate accounts including the CPF", and: "10% of the account value can be withdrawn without surrender charge once every year". Also, the product offers 10 separate accounts including 6 active funds investing in investment trusts managed by Fidelity and Kokusai, etc with 4 different risk/return structures: CPF, conservative, moderate and aggressive. It is thus designed to precisely accommodate varying investment orientations, and is widely accepted by customers nationwide as an investment-type annuity that takes into account Japanese consumers' asset management needs. Manulife Japan, a member company of the Manulife Financial Group headquartered in Canada, holds a top-class“AA+” credit rating from one of the world’s most prestigious credit rating agencies, Standard and Poor’s Co. (as of April 2003). Manulife Financial is a leading Canadian-based financial services group operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were Cdn$141.6 billion (approx. 11,376 billion yen) as at March 31, 2003. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '0945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. -30- For more information, please contact below. Minoru Shimizu Manulife Japan Phone: 0424-42-7076 |
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