Huize Partners with PICC P&C to Launch “WarmTreasure No.3” – A Customized Child Outpatient and Emergency Insurance Product
June 07 2024 - 5:00AM
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 Property and Casualty
Company Limited (“PICC P&C”) to launch “WarmTreasure No.3,” a
customized child outpatient and emergency insurance product in the
“WarmTreasure” series. With optimized reimbursement, expanded
coverage and additional benefits, the upgraded version delivers
enhanced cost-effectiveness and product value to families with
children.
“WarmTreasure No.3” is distinguished by four key features: i)
expandable reimbursement for self-paid drugs and reimbursement of
up to 100% for medical expenses covered by China’s social insurance
system; ii) combined benefits of up to RMB80,000 for child
outpatient, emergency treatment and hospitalization with a
zero-deductible policy for hospitalization charges; iii) expanded
coverage for 21 critical illnesses with insured coverage up to
RMB100,000; and iv) additional benefits including coverage for
cosmetic skin sutures and dental trauma resulting from accidents as
well as parental liability.
Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize,
commented, “As the number of children being hospitalized and
receiving outpatient care increases in the recent infectious
disease season, we are pleased to partner with PICC P&C to
launch the latest product in our WarmTreasure series which offers
more comprehensive and cost-effective coverage for families with
children, and further diversifies our product offerings matrix.
Going forward, we will continue to leverage our deep customer
insights and ability to innovate to roll out new and upgraded
insurance products that meet the evolving needs of our customers
and maximize customer lifetime value while generating incremental
shareholder value.”
About PICC Property and Casualty Company
Limited
Founded in 2003, PICC Property and Casualty Company Limited
(“PICC P&C”, HKEX: 2328) is a subsidiary of the People’s
Insurance Company of China. As the largest property and casualty
Company in China, PICC P&C provides a wide array of insurance
products including property damage insurance, liability insurance,
credit insurance, personal accident insurance and short-term health
insurance, among others. As of the end of 2023, its total assets
were RMB703.6 billion. PICC P&C operates in almost all urban
and rural areas in China with overseas business spanning across 134
countries and regions.
For more information, please
visit https://property.picc.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. Yang SongPhone:
+86-10-5900-1548Email: yang.song@christensencomms.com
In U.S.Ms. Linda BergkampPhone: +1-480-614-3004Email:
linda.bergkamp@christensencomms.com
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