Huize Partners with Hengqin Life to Launch “Hui Xin An No.5” – A Customized Child Critical Illness Insurance Product
September 02 2021 - 6:35AM
Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ:
HUIZ), a leading digital insurance product and service platform for
new generation consumers in China, today announced that it has
partnered with Hengqin Life Insurance Company Limited (“Hengqin
Life”) to launch “Hui Xin An No.5”, a critical illness insurance
product customized for meeting children’s protection needs.
There are three key product highlights of “Hui
Xin An No.5”: (i) high value-for-money product providing additional
coverage for 20 childhood diseases and 10 rare diseases and offers
optional second or multiple claims protection for certain critical
illnesses; (ii) a new and innovative liability waiver option for
policyholders and their respective spouses; and (iii) coverage of
up to RMB750,000 in insured amount for policies purchased in the
first three months after product launch, allowing adequate medical
treatment for severe illnesses.
Mr. Cunjun Ma, Founder, Chairman and Chief
Executive Officer of Huize, commented, “Given the propensity for
Chinese families to invest heavily in their children’s well-being,
there is tremendous market demand for children’s health insurance.
However, comparing to the real needs, we believe that products
currently available on the market offer relatively low amount of
insurance coverage, limited disease coverage, and imperfect
liability waivers. Leveraging on our strong product innovation
capability, ‘Hui Xin An No.5’ is a customer-centric product
designed to tackle customer pain points and match the protection
needs of our users, and is in line with our long-term strategy to
meet the lifetime insurance needs of our new generation consumers.
Looking ahead, we will continue to drive product innovation as a
way of reaching new markets and driving sustainable revenue
growth.”
About Huize Holding Limited
Huize Holding Limited is a leading digital
insurance product and service platform for new generation consumers
in China. Targeting the younger generation, Huize is dedicated to
serving its insurance clients for their life-long insurance needs.
Leveraging its online platform, Huize offers a wide variety of
insurance products with a focus on long-term life and health
insurance products, and empowers its insurer partners to reach a
large fragmented client base in the insurance retail market
efficiently and enhance their insurance sales. Huize provides
insurance clients with digitalized insurance experience and
services, including suitable product recommendations, consulting
service, intelligent underwriting and assistance in claim
application and settlement, which significantly improve transaction
experience.
For more information, please visit http://ir.huize.com.
About Hengqin Life Insurance Company
Limited
Founded in 2016, Hengqin Life Insurance Company Limited is a
national life insurance company registered in Guangdong Free Trade
Zone (Hengqin). The company strives to provide comprehensive and
quality insurance products and services covering family needs for
protection and wealth management.
For more information, please visit https://www.e-hqins.com.
For investor and media inquiries, please
contact:
Investor RelationsHarriet HuInvestor Relations
Director+852 3180 9207investor@huize.com
Media Relationsmediacenter@huize.com
ChristensenIn ChinaMs. Constance ZhangPhone:
+86 138-1645-1798E-mail: czhang@christensenir.com
In U.S.Ms. Linda BergkampPhone: +1-480-614-3004Email:
lbergkamp@ChristensenIR.com
Huize (NASDAQ:HUIZ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Huize (NASDAQ:HUIZ)
Historical Stock Chart
From Jul 2023 to Jul 2024