Huize Announces Strategic Partnership with China Pacific Property Insurance and Joint Launch of “Xiao Xin An No.3” – An Accident Insurance Product Customized for the Elderly
15 Juin 2023 - 11:30AM
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 the signing of a
new strategic partnership agreement with China Pacific Property
Insurance Co., Ltd. (“China Pacific Property Insurance”). The two
companies also announced the launch of “Xiao Xin An No.3”, a
comprehensive accident insurance product customized to meet the
needs of the elderly.
“Xiao Xin An No.3”has four key highlights: (i) specially
designed for senior customers: the maximum eligibility age is 85
and the policy provides enhanced coverage for accident scenarios
specific to the elderly; (ii) zero deductible and hospital cash
benefits: policyholders enjoy zero deductible on medical treatments
capped at a maximum of RMB50,000 and hospital cash benefits start
from the first day of hospitalization, and includes intensive care
hospitalization coverage; (iii) additional payouts for special
scenarios: the policy provides reimbursement of necessary ambulance
service expenses, and for hospitalizations lasting longer than 3
days, the product also covers expenses incurred in visitation by
families; and (iv) cost-effective: the minimum annual premium is
just RMB115, and the policy includes value-added services such as
companion services for medical appointments, private ward nursing,
and various home care services.
Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize,
commented, “Huize has launched 98 insurance products developed by
China Pacific Property Insurance including co-developed products
since 2011, and we are pleased to deepen our partnership through
the establishment of this new strategic alliance. The new “Xiao Xin
An” product we launched today is an excellent example of the
innovative solutions that emerge when we work together to address
the pain points of inadequate insurance protection for various
groups, including the elderly. We look forward to taking our
partnership with China Pacific Property Insurance to the next level
by developing and promoting new customized insurance products,
strengthening our online and offline customer service capabilities,
sharing technology and big data resources, and cooperating on
high-quality risk management. Together, we will explore better and
more efficient ways to satisfy market demands and our customers’
needs.”
About China Pacific Property Insurance Co.,
Ltd
China Pacific Property Insurance is a subsidiary of China
Pacific Insurance (Group) Co. with a registered capital of RMB19.5
billion at the end of 2022. Major businesses of China Pacific
Property Insurance include motor vehicle insurance, property
insurance, liability insurance, agricultural insurance, guarantee
insurance, accident insurance and short-term health insurance. The
Company has 40 branches and more than 3,100 sub-branches and
offices nationwide.
For more information, please visit
https://www.cpic.com.cn/xccbx/gygs/gsjs/.
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
ChristensenIn 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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