SHENZHEN, China, June 08, 2022 (GLOBE NEWSWIRE) — Huize Holding Limited, (“Huize”, the “Company” or “we””) (NASDAQ: HUIZ), an insurance products and services platform digital leader for next-generation consumers in China, today announced its partnership with Ruihua Health Assurance to launch “Guardian Critical Care No.5”, a personalized, multi-benefit critical illness insurance product.
“Guardian Critical Care No.5” features four flagship products: (i) extended coverage for 120 critical illnesses, 35 moderate illnesses and 40 mild illnesses; (ii) up to 6 claims for mild to severe illnesses (at least one critical illness claim) up to 900% of the total initial sum insured; (iii) optional benefit equal to 50%/40%/30% of the initial sum insured for the 1st/2n/a/3rd treatment of serious malignant tumors; and (iv) an optional benefit equivalent to 60% of the initial sum insured for critical illnesses which occur before age 60.
Mr. Cunjun Ma, Chairman and CEO of Huize, said, “Following the publication of regulatory requirements on personal insurance business on the Internet in October 2021, offering critical illness insurance products online with multiple benefits was limited. The ‘Guardian Critical Care No.5’ demonstrates our long-term commitment to offering a diverse range of personalized and flexible products to meet the ever-changing protection needs of the younger generation. It covers both minor and moderate illnesses even after the first claim for critical illness benefits has been made. We believe that the launch of the product will help fill the void in the market and satisfy the extensive insurance coverage needs of our users.”
About Ruihua Health Assurance
Founded in May 2018, Ruihua Health Assurance is a leading occupational health insurance company approved by China Banking and Insurance Regulatory Commission.
For more information, visit https://www.rhassurance.com.
About Huize Holding Limited
Huize Holding Limited is a leading digital insurance products and services platform for next-generation consumers in China. Targeting the younger generation, Huize is dedicated to serving its insurance clients for their lifetime insurance needs. Through its online platform, Huize offers a wide variety of insurance products with a focus on long-term life and health insurance products and enables its insurance partners to effectively reach a large, fragmented customer base. in the insurance retail market and improve their insurance sales. Huize provides insurance customers with a digitized insurance experience and services, including tailored product recommendations, advisory service, smart underwriting, and claim application and settlement assistance, dramatically improving transaction experience.
For more information, please visit http://ir.huize.com.
For investor and media inquiries, please contact:
Investor Relations Director
+852 3180 9207
Mrs. Jasmine Zhu
Phone: +852 2117 0861
Mrs. Linda Bergkamp