2004 News Releases

Jakarta– PT Asuransi Jiwa Manulife Indonesia (Manulife Indonesia) today launched its first credit card – Manulife Card – offering customers a convenient, hassle-free way to pay their premium installments. In addition to regular credit card features, Manulife Card also provides a ‘3-in-1 Benefit,’ of life, health and lifestyle privileges.

All Manulife Card holders will automatically qualify for the ‘3-in-1 benefit,’ comprising Accidental Death Benefit (ADB) protection free of charge, use of the credit card for Medical Check-Up services in various health clinics in Indonesia, and free use of the credit card for the first year – regular credit card fees will be waived. Manulife Card will be offered to Manulife’s clients across the country. The launching of Manulife Card by Manulife Indonesia is in cooperation with GE Consumer Finance Indonesia, which is supported by MasterCard International.

“With Manulife Card, cardholders can make automatic premium payment installments – this is an innovative breakthrough in Indonesia and is part of our competitive strategy,” said John Harrison, President Director of Manulife Indonesia. “We are committed to providing superior products and services for all of our customers in the 33 cities across Indonesia where we do business. The new Manulife credit card delivers on our promise to develop innovative, affordable products that meet the needs of our clients.”

“We are excited to be entering this partnership with Manulife Indonesia, one of the biggest insurance companies in Indonesia, in launching Manulife Card,” said Bernard van Bumnik, President Director of GE Consumer Finance. “The Manulife Card offers a number of advantages to the Manulife customer, namely facilitating a customer-friendly way to make premium payments. This and the number of other benefits to the cardholder, help differentiate Manulife in the marketplace from its competitors.”

About GE Consumer Finance Indonesia
General Electric (NYSE: GE) is a diversified technology and services company dedicated to creating products that make life better, from aircraft engines and power generation to financial services, medical imaging, television programming and plastics. GE operates in more than 100 countries and employs more than 315,000 people worldwide.

Operating in Indonesia since 1992, GE Consumer Finance, a unit of General Electric Company, with $95 billion in assets, is a leading provider of credit services to consumers, retailers and auto dealers in 37 countries around the world. GE Consumer Finance, based in Stamford, Connecticut, U.S., offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. Complete information is accessible online at www.geconsumerfinance.com.

GE Consumer Finance Indonesia is one of the three biggest leaders in the credit card market (GEExtra MasterCard, Manulife Card, Rimo MasterCard & Carrefour Shopping Card/KBC) and other consumer credit cards (SumberKreditwithSmart Shopping Card).

About Manulife Indonesia
Established in 1985, Manulife Indonesia was chosen as 'Indonesia's Most Admired Company (IMAC) 2003’ in the Insurance category by Frontier Marketing Research & Business Week and in 2002 was awarded the ‘Life Insurance Company of the Year’ in Asia by Asia Insurance Review, a respected insurance publication in Asia.

Manulife Indonesia offers the most comprehensive products and services in life insurance, employee benefit programs and mutual funds industry in Indonesia. Headquartered in Jakarta, Manulife Indonesia operates through a network of 70 branches in 33 cities throughout Indonesia with the support of 3,600 employees and full-time professional agents, who serve more than 700,000 customers.

About Manulife Financial
Manulife Financial, established since 1887, is the parent company of Manulife Indonesia and 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$156.7 billion as at December 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.

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