Huize Partners with China Pacific Life Insurance (HK) to Launch “Jin Man Yi Zu Multi-Currency”– A Customized Whole Life Insurance Product for the Hong Kong Market
August 11 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 its wholly
owned subsidiary Huize Hong Kong Insurance Broker Limited has
partnered with China Pacific Life Insurance (H.K.) Company Limited
to launch “Jin Man Yi Zu Multi-Currency”, an increasing whole life
insurance product customized to meet the retirement planning and
savings needs of insurance customers in Hong Kong.
“Jin Man Yi Zu Multi-Currency” has a number of unique features
that will appeal to Hong Kong insurance customers: (i)
policyholders with over USD300,000 of accumulated total premiums
are eligible for residency in elderly care communities in 11 cities
in Mainland China; (ii) the policy has both protection and savings
elements, with insurance amount increasing by 2% each year and
compounded annually until policy termination; (iii) the policy
currency can be converted between Renminbi, Hong Kong dollars and
US dollars starting from the 3rd policy anniversary date; (iv)
unlimited changes of insured and policy succession option; and (v)
other benefits including terminal dividend lock-in, regular cash
value withdrawals, and a policy split option.
Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize,
commented, “We are pleased to extend the partnership with China
Pacific Insurance to Hong Kong with the launch of an innovative new
product to facilitate 'underwriting in Hong Kong and retirement in
the Mainland'. With this expanded partnership, we will explore
further opportunities to provide cross-boundary insurance services
in the GBA and develop market-leading products that address the
growing demand among Hong Kong insurance customers for health
protection, wealth management, and retirement planning.”
About China Pacific Life Insurance (H.K.) Company
Limited
China Pacific Life Insurance (H.K.) Company Limited ("CPIC Life
(HK)") is a wholly owned subsidiary of China Pacific Life Insurance
Co., Ltd (“CPIC Life”). CPIC Life is a subsidiary of China Pacific
Insurance (Group) Co., Ltd. ("China Pacific Insurance", stock code:
2601.HK, 601601.SH, CPIC.LSE), and is one of the three major
domestic life insurance companies (according to the original
premium income). CPIC Life (HK) is committed to providing customers
with comprehensive life insurance and wealth management products to
meet the customers' needs at different stages of life.
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
Directorinvestor@huize.com
Media Relationsmediacenter@huize.com
Christensen In 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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