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SHENZHEN, China, September 02, 2021 (GLOBE NEWSWIRE) – Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a digital insurance products and services platform for the new generation consumers in China, today announced its partnership with Hengqin Life Insurance Company Limited (“Hengqin Life”) to launch “Hui Xin An No.5”, a critical illness insurance product customized to meet the needs protection of children.
There are three flagship products of “Hui Xin An No.5”: (i) a great value product providing additional coverage for 20 childhood illnesses and 10 rare diseases and offers second or more optional claims. for certain serious illnesses; (ii) a new and innovative liability exemption option for policyholders and their respective spouses; and (iii) coverage of up to RMB 750,000 in insured amount for policies written in the first three months after product launch, allowing adequate medical treatment for serious illnesses.
Mr. Cunjun Ma, Founder, Chairman and CEO of Huize, said, “Given the propensity of Chinese families to invest heavily in the well-being of their children, there is a huge market demand for health insurance for children. children. However, compared to actual needs, we believe that the products currently available on the market offer a relatively small amount of insurance coverage, limited health coverage, and flawed liability waivers. Relying on our strong product innovation capability, “Hui Xin An No.5” is a customer-centric product designed to solve customers’ problems and meet the protection needs of our users, and is in line with our strategy. long term to meet the life insurance needs of our next generation consumers. Going forward, we will continue to drive product innovation as a way to reach new markets and generate sustainable revenue growth. “
About Huize Holding Limited
Huize Holding Limited is a leading digital insurance product and service platform for next-generation consumers in China. Targeting the younger generation, Huize is dedicated to serving his insurance clients for their life-long insurance needs. Leveraging its online platform, Huize offers a wide variety of insurance products focused on long-term life and health insurance products, and enables its insurance partners to effectively reach a large, fragmented customer base across the retail insurance market and improve their insurance sales. Huize provides insurance clients with a digitized insurance experience and services, including appropriate product recommendations, advisory service, smart underwriting, and claims claim and settlement assistance, which dramatically improve the 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 the Guangdong Free Zone (Hengqin). The company strives to provide comprehensive, quality insurance products and services covering the needs of families in terms of wealth protection and management.
For more information, please visit https://www.e-hqins.com.
For investor and media inquiries, please contact:
Director of Investor Relations
+852 3180 9207
Ms. Constance Zhang
Phone: +86 138-1645-1798
Email: [email protected]
Ms. Linda Bergkamp
Phone: + 1-480-614-3004
Email: [email protected]