AIG Domestic Accident & Health Division Sets Sights on New Vision Care Program

February 16, 2005

The Domestic Accident and Health Division of the AIG Companies 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 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 reportedly 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 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.”

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. 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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