SHENZHEN, China, June 02, 2022 (GLOBE NEWSWIRE) — Huize Holding Limited (“Huize,” the “Company” or “we”) (HUIZ), a leading digital insurance products and services platform for next-generation consumers in China, today announced its partnership with Heng An Standard Life Insurance Company Limited (“HASL”, a joint venture of Tianjin TEDA International Holdings (Group) Company Limited and Aberdeen Group in the UK) to launch “Jin Zhi Qi Hang”, a tailor-made annuity product dedicated to meeting customers’ savings needs for their children’s future education.
The “Jin Zhi Qi Hang” has three strengths: (i) the insurance benefits can be used to cover children’s higher education costs, from undergraduate to postgraduate (the beneficiary will receive 10% of the total premium paid per year between the ages of 18 and 21 and 20% of the total premium paid per year between the ages of 22 and 24); (ii) the beneficiary will have the option of receiving 100% of the total premium paid upon expiry of the policy or reinvesting the residual cash value of the policy for additional returns; and (iii) the product offers two flexible coverage periods (up to 25 or 30 years, respectively) and a death benefit.
Mr. Cunjun Ma, Chairman and CEO of Huize, said, “The launch of ‘Jin Zhi Qi Hang’ demonstrates our strong abilities to design personalized products and quickly respond to dynamic consumer demands and the industry’s regulatory regime. As an Internet-exclusive insurance product, “Jin Zhi Qi Hang” is available nationwide in China and is easy for customers to purchase. Overall, by combining our strong customer knowledge and professional service capability with HASL’s expertise, we believe this high quality personalized annuity product reinforces our commitment to offering a wide range of products to meet the needs diversified life insurance plans for our customers.
About Heng An Standard Life Insurance Limited Liability Company
Founded in 2003, Heng An Standard Life Insurance Company Limited (“HASL”) is a joint venture between Tianjin TEDA International Holdings (Group) Company Limited and Aberdeen Group in the UK. HASL has set up 10 branches in China with more than 70 sales agencies under its management. By the end of 2021, the registered capital of HASL had exceeded RMB 4,046 million.
For more information, please visit https://www.hengansl.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
E-mail: [email protected]
Mrs. Linda Bergkamp
E-mail: [email protected]