MONTHLY REPORT

July 2011

Management DivisionManagement Division

HR MONTHLY REPORT

July 2011

Engaged Projects This Month

Recruitment UpdateRecruitment Update11

Training ActivitiesTraining Activities22

Other activitiesOther activities33

HR information updateHR information update44

RECRUITMENT UPDATE

Head office

IT 02

Legal 02

Internal Audit

01

Underwriting 01

Accounting 01

Actuary 01

Total 08

Hanoi branch

BDO 01

Collector 01

Total 02

Danang branch

BDO 01

Total 01

Cantho branch

Service center

02

Collector 02

Total 04

Total:Total: 18 18 new comersnew comers

Haiphong branch

Service center

01

BDO 02

Total 03

TRAINING ACTIVITIES

No.Name of training

courses

Number of

courses

Number of attendants

1.Chairman meeting with new comers 1 18

2. Orientation training 1 4

3. Functional training 1 9

4. Management training 1 12

Total 4 43

New organizational chartChairman: Mr. Leo Liao

President: Mr. Stanlee Lee

VP: Mr. Eric Wu CAO: Mr. Lao Tri Duong

Director: Mr. James Wu

IT

System Development

System Support

System Security

Management

HR

GA

Legal

Finance & Accounting

Accounting

Finance

Investment

Policy Admin

Underwriting

Premium

POS

Claim

Planning

Business Planning

Actuary

Marketing

Agency Planning

Agency Admin

PR

Training

Training Planning

CRD

Regional Director

TW consultant

Service Center

Training Center

Internal Audit

OTHER ACTIVITIES

1.1. Review and revise Uniform policyReview and revise Uniform policy Based on the current situation at our company, the Uniform Based on the current situation at our company, the Uniform

policy has been reviewed, revised and approved by BODpolicy has been reviewed, revised and approved by BOD Effective timeEffective time: July 01, 2011: July 01, 2011 The new policy has been posted into company system. The new policy has been posted into company system.

OTHER ACTIVITIES

2.2. Company trip 2011Company trip 2011 Organizer: Policy AdminOrganizer: Policy Admin Estimated time: Middle of September 2011Estimated time: Middle of September 2011 Location: Under discussionLocation: Under discussion Attendant: All office staff of HCMC office, Dongnai and Cantho Attendant: All office staff of HCMC office, Dongnai and Cantho

branch officebranch officeNotes: Notes: For other branches, HR dept. will notice in detail to all CRD soon. For other branches, HR dept. will notice in detail to all CRD soon.

HR INFORMATION UPDATE

Converted foreign exchange rate for the second 6 months of 2011

1st half year 2011 2nd half year 2011

Converted FX rate 18,932 20,618

Effective period: Effective period: July 01, 2011 to December 31, 2011July 01, 2011 to December 31, 2011

Based on the Document no. 265/TB-NHNN dated Jun. 30, 2011 Based on the Document no. 265/TB-NHNN dated Jun. 30, 2011 issued by State bank regarding to interbank foreign exchange rate issued by State bank regarding to interbank foreign exchange rate VND/USD on July 01, 2011VND/USD on July 01, 2011

NEXT MONTH PLAN

RecruitmentRecruitment11

Review and revise some company regulationsReview and revise some company regulations22

Loma paper exam registrationLoma paper exam registration33

Fresh graduated student recruitment programFresh graduated student recruitment program44

Proposal for personal accident insuranceProposal for personal accident insurance55

11

MONTHLY REPORT IN JULY, 2011GA Department

12

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

A.A. Office Building InformationOffice Building Information1. Hai Phong office1. Hai Phong office

Due to actual business requirement, Hai Phong Branch requested to renovate the meeting room on 5thFL into 2 rooms for BM.

Construction will start on July 30, 2011. To be finished construction by beginning of August

2011 Generator connection will also be conducted at

beginning of August 2011.

13

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

1st Rental Adjustment(Applied from Mar.01,2011):

24.50 USD/m2

Saving per month(27.50 - 24.50)

USD/m2 x 430.5

1,291.50 USD/mth

2nd Rental Adjustment(Applied from Aug.01,2011):

23.00 USD/m2

Saving per month(24.50 - 23.00)

USD/m2 x 430.5

1,937.25 USD/mth(Save 645.75 USD more)

Original Rental:

27.50 USD/m2

(Total area: 430.5m2)

14

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

15

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

16

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

B. Regulation information :

Regulation on Incoming / Outgoing Document Management Status : revised, approved and posted on system. Main revised content : apply the penalty for

those who violates the regulation in order to let employees to have more awareness of handling incoming/outgoing documents.

17

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

B. Regulation information :

Regulation on Security and Property Management Status : revised and approved by BOD.

(Also sent to Marketing Div. for signature) Main revised content : make clear the

responsibility of each Agency Unit regarding property management and key keeping.

18

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

B. Regulation information :

Regulation on Furniture and Office Equipment Management Status : on process of approval. Main content :o Define fixed assets, furniture and office equipments

basing on their value, use and using duration, needed to be managed by Company.

o Stipulate management of asset registration, handing-over, relocation, scrapping, selling, repairing, idling assets handling, inventory checking…

19

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

C. Assets Inventory (1st half of 2011)

Finish asset inventory checking at all office buildings Keep updating new assets list (if any)

20

NEXT MONTH PROJECT (GENERAL AFFAIRS)NEXT MONTH PROJECT (GENERAL AFFAIRS)

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Contents

Plan for next monthPlan for next month

Legal NewsLegal News

Legal CounselLegal Counsel

Terms and ConditionsTerms and Conditions

Terms & Conditions

TERM TERM UNIVERSAUNIVERSA

L LIFEL LIFE

WHOLE WHOLE LIFE LIFE

UNIVERSUNIVERSAL LIFEAL LIFE

I 01-02I 01-02 I 03-04I 03-04 R04R04 R06R06

WAIVER WAIVER PREMIUM PREMIUM

RIDERRIDER

MEDICAL MEDICAL RIDERRIDER

Legal Counsel

Company’s regulationsCompany’s regulations

Anti Money Anti Money Laundering Laundering RegulationRegulation(F/A Dept.)(F/A Dept.)

Internal Internal Audit Audit

RegulationRegulation(Audit (Audit Dept.)Dept.)

New form New form for using for using

Company’s Company’s Stamp Stamp

Legal CounselMembers’ Members’

Council Council Meeting Meeting (for (for

changing changing Actuary)Actuary)

Charter (2Charter (2ndnd time of time of

adjustment)adjustment)

Change Head Change Head of Branch in of Branch in Hai Phong Hai Phong

(Before: (Before: Wilson Chen– Wilson Chen– Now: Richard Now: Richard

Chen)Chen)

Legal CounselLegal Counsel

LAWSUITLAWSUIT

Case 1: Mr. Lan’s Case 1: Mr. Lan’s case regarding to case regarding to insurance benefit insurance benefit payment – at the payment – at the period of mediationperiod of mediation

Case 2: Case 2: Mr. Tuyen ’s Mr. Tuyen ’s case regarding to labor case regarding to labor issue - submitted issue - submitted documents to the documents to the Court in CanthoCourt in Cantho

LEGAL LEGAL SUGGESTIONSSUGGESTIONS

Giving suggestions Giving suggestions on new draft of labor on new draft of labor lawlaw

Giving legal advice Giving legal advice on Claim cases on Claim cases

Giving legal advice Giving legal advice on General Agency on General Agency modelmodel

Legal NewsLegal News

Offshore investment of insurersAccording to MOF’s explanation, Ministry of Planning & Investment (MPI) will issue certificate for offshore investment of insurers after MOF approves for such projects. It means that if an insurer wants to invest overseas, then 2 important things are:

1.First: Getting approval from MOF on offshore investment project;

2.Second: Getting Investment Certificate from MPI.

Legal NewsLegal News

Draft of new Labor Law

Vietnam Government has issued a draft of new labor law which some new important contents as follows:Current New

Definite term of labor contract: from 12 – 36 months

Definite term of labor contract: more than 12 months

Labor contract with definite term can sign maximum 2 times

Labor contract with definite term can sign: no limit

N/A Confidential term shall be effective within 3 years after termination of labor contract & work in any position producing a similar goods which can potentially compete with the previous employer

Legal NewsLegal News

Draft of new Labor LawCurrent New

Obligations of the employer if illegally terminate the labor contract:1)To re-employ the employee;2)To compensate for time that the employee was not allowed to work at least 2 months’ salary;3)To compensate the employ extra amount if the employee does not return to work.

Obligations of the employer if illegally terminate the labor contract:1)To re-employ the employee;2)To compensate for time that the employee was not allowed to work;3)To compensate the employee at least 2 months’ salary;4)To compensate the employ extra amount but not exceed 2 months’ salary if the employee does not return to work.

Plan in August 2011Plan in August 2011No.

Task

1 Preparing for expanding the Company’s business scope

2 Preparing for changing Actuary of the Company

3 Preparing for General Agency’s activities

4 Self-assessment on Internal Control

5 Revising Charter (second time)

6 Follow up Lawsuit1. Mr. Lan’s case2. Ms. Tuyen’s case

7 Implement Internal Regulation on Anti-money Laundering