Huize Partners with PICC Life Insurance to Launch “i Wu You – Low-Threshold Edition” – A Customized Critical Illness Insurance Product
April 19 2024 - 7:30AM
Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ:
HUIZ), a leading insurance technology platform connecting
consumers, insurance carriers and distribution partners digitally
through data-driven and AI-powered solutions in China, today
announced that it has partnered with PICC Life Insurance Company
Limited (“PICC Life”) to launch “i Wu You – Low-Threshold Edition”,
the latest customized critical illness insurance product in the “i
Wu You” series that offers a personalized solution with a relaxed
health declaration process to customers.
“i Wu You – Low-Threshold Edition” differentiates itself with
three key product offerings: i) flexible coverage for 28 severe and
three mild illnesses, with a maximum of one claim for severe
illnesses and three claims for mild illnesses and an option of
lifetime coverage or up to age 70; ii) a relaxed health declaration
process that is open to customers with a history of pre-existing
conditions, hospitalization, and premium loading; and iii) a low
eligibility threshold open to customers aged 30 to 65. The product
also offers customers additional value-added services including
multi-disciplinary consultation.
Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize,
commented, “Through our partnership with PICC Life, we launched
this product to offer protection and reassurance to a wider range
of customers with sub-health. We streamlined the underwriting
process to take into account variations in individual health and
insurance needs. This not only allows our insurance carrier
partners to broaden their customer base but also extends protection
to customers with pre-existing conditions.”
About PICC Life Insurance Company
LimitedFounded in 2005, PICC Life Insurance Company
Limited is a subsidiary of the People’s Insurance
Company of China with a registered capital
of RMB25.8 billion. PICC Life is dedicated to providing
customers with comprehensive, efficient, and convenient services,
covering the whole life cycle of customer needs, including health
products, retirement protection and wealth protection. As of the
end of 2022, the Company's total assets were RMB 578.2
billion. The Company has 36 provincial branches and more than 1,600
sub-branches and offices nationwide.
For more information, please
visit https://www.picclife.com/
About Huize Holding Limited
Huize Holding Limited is a leading insurance technology
platform connecting consumers, insurance carriers and distribution
partners digitally through data-driven and AI-powered solutions
in China. Targeting mass affluent
consumers, Huize is dedicated to serving consumers for
their life-long insurance needs. Its online-to-offline integrated
insurance ecosystem covers the entire insurance life cycle and
offers consumers a wide spectrum of insurance products, one-stop
services, and a streamlined transaction experience across all
scenarios. By leveraging AI, data analytics, and digital
capabilities, Huize empowers the insurance service chain
with proprietary technology-enabled solutions for insurance
consultation, user engagement, marketing, risk management, and
claims service.
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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