ASLIC's Variable Individual Annuity Product to Be Offered at Tokyo Star Bank
December 7, 2009
AEGON Sony Life Insurance Co., Ltd. ("ASLIC"), a 50%-owned equity method affiliate of Sony Life Insurance Co., Ltd., today announced the conclusion of a business agency agreement with The Tokyo Star Bank, Limited. ("Tokyo Star Bank"). This tie-up will enable ASLIC to commence sale of variable individual annuity product called Winning Road,* through the head office and branch offices of Tokyo Star Bank from December 8, 2009.
ASLIC is planning to further expand over-the-counter sales channels at banks.
About Winning Road
(Variable Individual Annuity (GLWB Type))
Policyholders are eligible to receive annuity payments from investments in the separate account assets for their entire life.
This product provides a minimum guarantee that policyholders will receive an amount equivalent to a lump sum premium payment, as a death benefit before annuity payments begin, or as the total amount received from annuity and lump sum death payments after the annuity payments begin. This product also includes a fixed minimum guarantee on the surrender value five or more years after the policy effective date.
* Winning Road is a registered trademark of AEGON Sony Life insurance Co., Ltd.
Note: This is an English-language summary of a Japanese announcement made by ASLIC on December 7, 2009. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.
