AIG Small Business and AIG Domestic Accident & Health to Offer Line of

AIG Small Business and AIG Domestic Accident & Health to Offer Line of Insurance Products for Small Business Owners; Insurance solutions customized according to unique risk profiles of small businesses

    Business Editors

    NEW YORK--(BUSINESS WIRE)--Jan. 31, 2005--AIG Small Business(R), a division of the property and casualty insurance subsidiaries of American International Group, Inc. (AIG), in conjunction with the AIG Domestic Accident & Health division(R) (A&H), today announced it will offer a line of accident and health insurance programs designed specifically for small business employers. (a)
    "AIG Small Business offers a proven technology platform to easily place policies across all lines of business," said Tom Dassow, Vice President, AIG Small Business A&H. "We're excited to offer small businesses a line of A&H programs that reflect AIG's 40 years of experience in delivering accident insurance products to its domestic customers."
    "We recognize that each small business has a unique set of insurance needs for its employees," said Dassow. "By adding these programs, the small business owner can now find the appropriate insurance protection for their unique risk profile."
    The Accident & Health product offering from AIG Small Business includes the following insurance programs:

--	Voluntary Accident Coverage - Personal Accident Insurance in the event of a sudden, unforeseen accident;
--	Basic Accident Coverage - Accidental Death and Dismemberment product available as part of a group life insurance plan or as a "carve out" from a standard group life insurance policy;
--	Special Risk Accident Coverage - Accidental injury coverage for groups and events such as camps, schools, festivals and leagues;
--	Business Travel Accident Coverage - Accident coverage for employees traveling on business, domestic or abroad; and
--	Vision care - A valuable benefit desired by many employees.

    For more information on AIG Small Business' Accident & Health products, please contact Thomas Dassow, Vice President, AIG Small Business A&H at (908) 679-3574 or Tom.Dassow@aig.com.
    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 on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

    (a) Insurance is underwritten by member companies of American International Group, Inc. and is subject to underwriting review and approval. The description herein is a summary only. It does not include all terms, conditions and exclusions. Coverage may not be available in all states. Non-insurance products may be provided through independent third parties.

--30--MEM/ny*

CONTACT: AIG Andrew Silver Public Relations Manager 212-770-3141

KEYWORD: NEW YORK INDUSTRY KEYWORD: INSURANCE BANKING PRODUCT SOURCE: AIG

Copyright Business Wire 2005