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AIG unveils conditional exit plan for enhanced fund investors

AIG Life has unveiled a conditional exit plan to allow investors in the enhanced fund to pull their investments out so long as the value remains above a given threshold.

Policyholders in the frozen enhanced fund previously had until November 25 to decide whether to take the exit plan and face losing between 25 and 50 per cent of their money, or to take the maturity plan and stay invested until 2012 in order to guarantee their capital.

In a third option, policyholders will now be able to choose the conditional exit plan and withdraw their funds only if the auction price for assets is above a set threshold.

If the threshold is not met, investors will be switched into the protected recovery fund and take the maturity plan instead.

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