Huize Partners with Guolian Life Insurance to Launch “Xiao Tao Qi No.1” – A Customized Child Critical Illness Insurance Product
February 16 2023 - 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 Guolian Life Insurance Co., Ltd. (“Guolian Life
Insurance”) to launch “Xiao Tao Qi No.1”, a comprehensive and
cost-effective critical illness insurance product customized for
meeting children’s protection needs.
“Xiao Tao Qi No.1” provides extensive coverage for 183 severe,
moderate and mild illnesses. Three key product features
differentiate the new offering: (i) optional hospitalization
benefits of up to 30% of the insured amount (daily benefits of up
to 0.1% of the insured amount) for accidents or diseases suffered
by policy beneficiaries in the aftermath of a diagnosed critical
illness (ii) optional additional ICU hospitalization benefits of up
to 30% of the insured amount for up to 50 hospitalization days per
policy year for diseases other than the severe, moderate and mild
illnesses specified in the policy contract; (iii) other optional
benefits including death and total disability benefits,
supplemental medical care benefits, and multiple critical illnesses
claims and extensive coverage for malignant tumors.
Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize,
commented, “Since launching the first customized critical illness
insurance product for children in 2017, we have continued to
co-develop comprehensive, cost-effective, and differentiated
critical illness insurance products to meet children’s diverse
protection needs. “Xiao Tao Qi No.1” further demonstrates our
competitive edge in designing customer-centric products that help
families cope with huge hospitalization expenses and reduce the
financial burden of severe illnesses in children. Looking ahead, we
will continue to drive product innovation as a way of meeting the
lifetime insurance needs of our new generation consumers.”
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. Crystal
LaiPhone: +852 2117 0861Email: crystal.lai@christensencomms.com
In U.S.Ms. Linda BergkampPhone: +1-480-614-3004Email:
linda.bergkamp@christensencomms.com
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