American International Life Assurance Company of New York to Provide Accidental Death & Dismemberment Coverage to U.S.-Based Remittance Customers of the National Bank of Pakistan.

Publication: Business Wire

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COPYRIGHT 2004 Business Wire

Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 16, 2004

American International Life Assurance Company of New York (AILIFE), a member company of American International Group, Inc. (AIG), today announced that it will provide $10,000 of Accidental Death & Dismemberment (AD&D) insurance coverage* to U.S.-based remittance customers of the National Bank of Pakistan (NBP).

Presently, there are more than 700,000 Pakistani nationals living and working in the United States, who together control approximately $250 billion in assets and average $300 - $500 in remittance per month. Those who remit funds for distribution overseas...

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