Huize Launches its First Customized Educational Annuity Insurance with Heng An Standard Life
June 02 2022 - 5:00AM
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 Heng An Standard Life Insurance Company Limited
(“HASL”, a joint venture of Tianjin TEDA International Holdings
(Group) Company Limited and Aberdeen Group in the UK) to launch
“Jin Zhi Qi Hang”, a customized annuity product dedicated to meet
clients’ savings needs for their children’s future education.
There are three key product highlights of “Jin
Zhi Qi Hang”: (i) the insurance benefits can be used to cover
children’s higher education expenses from undergraduate to
postgraduate degrees (the beneficiary will receive 10% of the total
premium paid per annum between the ages of 18-21, and 20% of total
premium paid per annum between the ages of 22-24); (ii) the
beneficiary will have the option to receive 100% of the total
premium paid when the policy expires, or reinvest the residual cash
value of the policy for further returns; and (iii) the product
offers two flexible coverage periods (up to the age of 25 or 30,
respectively) and a death benefit.
Mr. Cunjun Ma, Chairman and Chief Executive
Officer of Huize, commented, “The launch of ‘Jin Zhi Qi Hang’
demonstrates our strong capabilities in designing customized
products and responding rapidly to the dynamic consumption demands
and regulatory regime within the industry. As an Internet-exclusive
insurance product, ‘Jin Zhi Qi Hang’ is available nationwide in
China and is easy for customers to purchase. Overall, combining our
strong customer insights and professional service capacity with the
expertise of HASL, we believe this high-quality customized annuity
product reinforces our commitment to offering a wide range of
products to satisfy the diverse and lifetime insurance needs of our
customers.”
About Heng An Standard Life Insurance
Company Limited
Established in 2003, Heng An Standard Life Insurance Company
Limited (“HASL”) is a joint venture of Tianjin TEDA International
Holdings (Group) Company Limited and Aberdeen Group in the UK. HASL
has set up 10 branches in China with over 70 sales agencies under
its management. By the end of 2021, the registered capital of HASL
had exceeded RMB4,046 million.
For more information, please visit https://www.hengansl.com.
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.
For investor and media inquiries, please
contact:
Investor Relations
Harriet HuInvestor Relations Director+852 3180
9207investor@huize.com
Christensen
In ChinaMs. Jasmine ZhuPhone: +852 2117 0861Email:
jasminezhu@christensenir.com
In U.S.Ms. Linda BergkampPhone: +1-480-614-3004Email:
lbergkamp@ChristensenIR.com
Media Relations
mediacenter@huize.com
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