Huize Partners with Guolian Life Insurance to Launch “Darwin Critical Care No. 7”
October 21 2022 - 6:00AM
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 Guolian Life Insurance Co., Ltd. (“Guolian Life
Insurance”) to launch “Darwin Critical Care No. 7”, the latest
critical illness insurance product offering in the Darwin Critical
Care series, which offers additional benefits for severe/mild
malignant tumors and carcinoma in situ, as well as ICU
hospitalization benefits covering major diseases outside the list
of severe, moderate and mild illnesses. “Darwin Critical Care No.7”
policyholders will also be able to take advantage of Huize’s
proprietary “Xiao Ma Claim” services.
“Darwin Critical Care No. 7” is distinguished by
five key product highlights: (i) extensive coverage for 110
critical, 35 moderate, and 40 mild illnesses, with a maximum of 8
claims; (ii) two additional benefits, with one for severe malignant
tumors of up to 120% of the insured amount and another for mild
malignant tumors and carcinoma in situ of up to 30% of the insured
amount; (iii) additional ICU hospitalization benefits of up to 30%
of the insured amount for 7 consecutive days of ICU hospitalization
caused by major diseases other than those specified in the policy
contract, such as shock, cardiac arrest and hypertensive crisis;
(iv) cost-effective upgrade options for critical illness
protections, such as the optional extension of coverage up to age
70; (v) other optional benefits including death and total
disability benefits, family care benefits for critical illnesses
before the age of 60, supplemental coverage for major illnesses
such as specific cardiovascular diseases, malignant tumors or
carcinoma in situ before the age of 60, and additional ICU
hospitalization benefits.
Mr. Cunjun Ma, Chairman and Chief Executive
Officer of Huize, commented, “Since its launch in 2018, the Darwin
Critical Care series has provided total underwritten coverage of
over RMB90 billion to more than 200,000 customers. Each product in
the Darwin Critical Care series is the result of a robust
multi-stage development process that includes sophisticated data
analysis, thoughtful product design, careful selection of insurer
partners and re-insurance companies, development of
product-specific technology, and effective product implementation.
The launch of ‘Darwin Critical Care No. 7’ again demonstrates our
competitive edge in working with our insurer partners to co-develop
cost-effective customized critical illness insurance products that
meet the increasing demand for coverage of malignant tumors and
carcinoma in situ as well as ICU hospitalization. As an online
insurance industry pioneer, we will continue leveraging our massive
user database, advanced data analytics expertise, and solid product
innovation capabilities to explore additional market opportunities
and develop customized products that meet our users’ evolving
protection needs.”
About Guolian Life Insurance Co., Ltd
Founded in 2014, Guolian Life Insurance Co., Ltd. is a
nationwide life insurance company approved by the China Insurance
Regulatory Commission with a registered capital of RMB2 billion.
The shareholders are composed of large state-owned and private
enterprises such as Wuxi Guolian Development (Group) Co., Ltd.
For more information, please visit
https://www.guolian-life.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 RelationsHarriet HuInvestor Relations
Director+852 3180 9207investor@huize.com
Media Relationsmediacenter@huize.com
Christensen AdvisoryIn ChinaMs. Jasmine
ZhuPhone: +852 2117 0861Email: jasmine.zhu@christensencomms.com
In U.S.Ms. Linda BergkampPhone: +1-480-614-3004Email:
linda.bergkamp@christensencomms.com
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