Huize Launches Customized Mid-Tier Medical Insurance Product “PrimeMed” in Partnership with CCIC and MSH CHINA
Huize Holding (NASDAQ: HUIZ) has announced the launch of 'PrimeMed', a customized mid-tier medical insurance product, in partnership with CCIC and MSH CHINA. The product aims to provide access to high-cost medical resources and specialized services in public hospitals and private medical institutions.
Key features of PrimeMed include flexible deductibles with three plan options, coverage for children under 18, a relative deductible scheme allowing compensation from other sources to offset deductibles, and affordable annual premiums starting from RMB958 for the primary age group. The product covers multiple hospital types, departments, out-of-hospital medications, and imported medical devices expenses.
The partnership with MSH CHINA provides access to their extensive hospital network across top-tier Chinese hospitals, ensuring seamless access to premium medical care. The product aligns with government initiatives for differentiated development of basic medical and commercial insurance, extending coverage to areas not typically covered by basic insurance.
Huize Holding (NASDAQ: HUIZ) ha annunciato il lancio di 'PrimeMed', un prodotto di assicurazione medica personalizzato di fascia media, in collaborazione con CCIC e MSH CHINA. Il prodotto mira a fornire accesso a risorse mediche ad alto costo e servizi specializzati in ospedali pubblici e istituzioni mediche private.
Le caratteristiche principali di PrimeMed includono franchigie flessibili con tre opzioni di piano, copertura per i bambini sotto i 18 anni, uno schema di franchigia relativa che consente di compensare le franchigie attraverso altre fonti, e premi annuali accessibili a partire da RMB958 per la fascia di età principale. Il prodotto copre vari tipi di ospedali, reparti, spese per farmaci fuori dall'ospedale e dispositivi medici importati.
La partnership con MSH CHINA offre accesso alla loro vasta rete ospedaliera attraverso i migliori ospedali cinesi, garantendo un accesso senza soluzione di continuità a cure mediche di alta qualità. Il prodotto è in linea con le iniziative governative per lo sviluppo differenziato dell'assicurazione medica di base e commerciale, estendendo la copertura a settori non normalmente coperti dall'assicurazione di base.
Huize Holding (NASDAQ: HUIZ) ha anunciado el lanzamiento de 'PrimeMed', un producto de seguro médico personalizado de nivel medio, en asociación con CCIC y MSH CHINA. El objetivo del producto es proporcionar acceso a recursos médicos de alto costo y servicios especializados en hospitales públicos e instituciones médicas privadas.
Las características clave de PrimeMed incluyen deducibles flexibles con tres opciones de plan, cobertura para niños menores de 18 años, un esquema de deducible relativo que permite compensar los deducibles mediante otras fuentes, y primas anuales asequibles a partir de RMB958 para el grupo de edad principal. El producto cubre múltiples tipos de hospitales, departamentos, gastos de medicamentos fuera del hospital y dispositivos médicos importados.
La asociación con MSH CHINA proporciona acceso a su amplia red hospitalaria a través de los principales hospitales chinos, asegurando un acceso sin interrupciones a atención médica premium. El producto se alinea con las iniciativas gubernamentales para el desarrollo diferenciado del seguro médico básico y comercial, extendiendo la cobertura a áreas que normalmente no están cubiertas por el seguro básico.
Huize Holding (NASDAQ: HUIZ)가 CCIC와 MSH CHINA와의 협력으로 'PrimeMed'라는 맞춤형 중간 수준의 의료 보험 상품을 출시한다고 발표했습니다. 이 제품은 공공 병원 및 민간 의료 기관에서 고비용 의료 자원 및 전문 서비스에 대한 접근을 제공하는 것을 목표로 합니다.
PrimeMed의 주요 특징으로는 세 가지 플랜 옵션이 포함된 유연한 공제액, 18세 미만 아동에 대한 보장, 다른 출처에서의 보상을 통해 공제액을 상쇄할 수 있는 상대 공제 제도, 그리고 주요 연령 그룹을 위한 연간 보험료가 RMB958부터 시작하는 것 등이 있습니다. 이 제품은 다양한 병원 유형, 부서, 병원 외 처방약 및 수입 의료 기기의 비용을 보장합니다.
MSH CHINA와의 파트너십은 중국의 최상급 병원 네트워크에 대한 접근을 제공하여 프리미엄 의료 서비스에 원활하게 접근할 수 있도록 합니다. 이 제품은 기본적이고 상업적인 의료 보험의 차별화된 개발을 위한 정부의 노력과 일치하며, 일반적으로 기본 보험으로 보장되지 않는 영역으로의 커버리지를 연장합니다.
Huize Holding (NASDAQ: HUIZ) a annoncé le lancement de 'PrimeMed', un produit d'assurance maladie sur mesure de niveau intermédiaire, en partenariat avec CCIC et MSH CHINA. Le produit vise à fournir un accès à des ressources médicales coûteuses et à des services spécialisés dans les hôpitaux publics et les établissements médicaux privés.
Les caractéristiques clés de PrimeMed comprennent des franchises flexibles avec trois options de plan, une couverture pour les enfants de moins de 18 ans, un système de franchise relative permettant la compensation des franchises par d'autres sources, et des primes annuelles abordables à partir de RMB958 pour le groupe d'âge principal. Le produit couvre plusieurs types d'hôpitaux, de départements, ainsi que les dépenses pour les médicaments hors hôpital et les dispositifs médicaux importés.
Le partenariat avec MSH CHINA permet d'accéder à leur vaste réseau hospitalier à travers les meilleurs hôpitaux chinois, garantissant un accès fluide à des soins médicaux de qualité supérieure. Le produit s'aligne sur les initiatives gouvernementales pour le développement différencié de l'assurance maladie de base et commerciale, étendant la couverture à des domaines qui ne sont généralement pas couverts par l'assurance de base.
Huize Holding (NASDAQ: HUIZ) hat die Einführung von 'PrimeMed' angekündigt, einem maßgeschneiderten, mittleren medizinischen Versicherungsprodukt in Zusammenarbeit mit CCIC und MSH CHINA. Das Produkt zielt darauf ab, Zugang zu hochpreisigen medizinischen Ressourcen und spezialisierten Dienstleistungen in öffentlichen Krankenhäusern und privaten medizinischen Einrichtungen zu bieten.
Zu den Hauptmerkmalen von PrimeMed gehören flexible Selbstbehalte mit drei Planoptionen, Versicherungsschutz für Kinder unter 18 Jahren, ein relatives Selbstbehalt-System, das eine Kompensation aus anderen Quellen zur Minderung der Selbstbehalte ermöglicht, sowie erschwingliche Jahresprämien ab RMB958 für die Hauptaltergruppe. Das Produkt deckt verschiedene Arten von Krankenhäusern, Abteilungen, Ausgaben für Medikamente außerhalb des Krankenhauses sowie importierte medizinische Geräte ab.
Die Partnerschaft mit MSH CHINA bietet Zugang zu ihrem umfangreichen Krankenhausnetzwerk in den erstklassigen chinesischen Krankenhäusern und gewährleistet einen nahtlosen Zugang zu hochwertiger medizinischer Versorgung. Das Produkt entspricht den Regierungsinitiativen zur differenzierten Entwicklung der grundlegenden und kommerziellen Krankenversicherung und erweitert die Deckung auf Bereiche, die normalerweise nicht von der Grundversicherung abgedeckt sind.
- Launch of new mid-tier medical insurance product with competitive pricing starting at RMB958
- Strategic partnership with MSH CHINA providing access to extensive hospital network
- Flexible product features including multiple deductible options and family coverage
- Extended coverage for imported drugs and specialized medical devices
- None.
Insights
The launch of PrimeMed represents a strategic move into the growing mid-tier medical insurance market in China. The product addresses a important market gap between basic public health insurance and high-end million-yuan medical products. The starting annual premium of
Several features make this product noteworthy from a market perspective: The flexible deductible structure and relative deductible scheme that works with public insurance creates an attractive value proposition. The coverage of imported medications and specialized medical devices fills a significant gap in basic insurance coverage. The partnership with MSH CHINA provides access to an established premium hospital network, which is a key differentiator in China's competitive insurance market.
However, while this product launch demonstrates Huize's ability to innovate and collaborate with major insurers, its immediate impact on the company's financial performance may be given Huize's small market cap of
This product launch aligns with China's broader healthcare reform initiatives, particularly the government's push for differentiated development between basic medical insurance and commercial insurance. The timing is strategic as China continues to encourage private sector participation in healthcare financing.
The coverage of specialized departments and imported medical devices addresses a critical pain point in China's healthcare system, where access to advanced treatments often requires significant out-of-pocket expenses. The inclusion of children under 18 and family package discounts supports China's family-centric healthcare policies.
From a policy perspective, this product exemplifies the type of commercial insurance innovation that Chinese regulators are encouraging to complement the public healthcare system. However, success will depend on regulatory consistency and continued support for private insurance market development.
SHENZHEN, China, Jan. 16, 2025 (GLOBE NEWSWIRE) -- 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 Asia, today announced the launch of “PrimeMed”, a customized mid-tier medical insurance product, in collaboration with China Continent Property & Casualty Insurance Co., Ltd. (CCIC) and MSH CHINA Enterprise Services Co., Ltd. (MSH CHINA). Designed to provide scarce, high-cost medical resources such as specialized and international departments in public hospitals and designated private medical institutions, this new solution addresses the need for flexible and affordable insurance coverage.
“PrimeMed”’s key features include:
- Flexible deductibles: three plan options are offered, including zero or low shared deductibles, making inpatient services across different medical institutions more accessible while streamlining enrollment and claims processing.
- Children’s coverage: allows parents to insure children under 18, expanding protection options for the family.
- Relative deductible scheme: enables compensation from other sources (such as public health insurance) to offset deductibles, improving the accessibility of benefits.
- Affordable premiums: annual premiums start from RMB958 for the primary age group, with options to add accident outpatient emergency coverage and receive family package discounts.
With these innovative and flexible features, “PrimeMed” offers premium healthcare services at a price point designed to appeal to consumers seeking an affordable upgrade from traditional million-yuan medical insurance products.
Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize, commented, “As public awareness and spending on mid-to-high level medical care services continue to grow, we developed ‘PrimeMed’ to meet a critical need for comprehensive coverage. The product provides access to multiple hospital types and departments, as well as out-of-hospital medications and imported medical devices expenses, ensuring broader protection for individuals and families seeking higher-quality healthcare. Our partner MSH CHINA, a high-end health insurance service provider, strengthens the product offering with their extensive hospital network across top-tier Chinese hospitals and established billing relationships, ensuring seamless access to premium medical care. Additionally, in line with the government’s initiative for the differentiated development of basic medical insurance and commercial insurance, ‘PrimeMed’ provides a personalized upgrade in commercial medical care, extending coverage to areas that basic insurance often does not reach—such as imported drugs, specialized medical devices and complex surgeries. This solution exemplifies our commitment to addressing gaps in the healthcare system and developing innovative insurance solutions that cater to the evolving needs of our customers, contributing to better healthcare outcomes.”
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 Asia. 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 or follow us on social media via LinkedIn (https://www.linkedin.com/company/huize-holding-limited), Twitter (https://twitter.com/huizeholding) and Webull (https://www.webull.com/quote/nasdaq-huiz).
About MSH CHINA Enterprise Services Co., Ltd.
Founded in 2001, MSH China serves as the Asia-Pacific headquarters of MSH INTERNATIONAL. With offices in major cities including Shanghai, Beijing, Guangzhou, Shenzhen, and Chengdu, MSH China provides premium health insurance solutions to both corporate and individual clients. The company has a professional team of nearly 500 employees, with over 70 specialists holding medical backgrounds, offering services in more than ten languages, including Chinese, English, and French. As part of MSH INTERNATIONAL, a global leader in international health insurance, MSH China is committed to delivering innovative, high-quality health services to clients across China and the Asia-Pacific region.
For more information, please visit: https://www.mshasia.com/
About China Continent Property & Casualty Insurance Co., Ltd.
Founded in 2003, China Continent Property & Casualty Insurance Co., Ltd. (CCIC) is a national property & casualty insurance company, fully owned by China Re Group (stock code: 1508.HK), the only state-owned reinsurance group in China. The company operates 39 branches and more than 2,100 sub-branches nationwide, with nearly 46,000 employees.
For more information, please visit: http://www.ccic-net.com.cn/en/
For investor and media inquiries, please contact:
Investor Relations
Kenny Lo
Investor Relations Manager
investor@huize.com
Media Relations
mediacenter@huize.com
Christensen
In China
Ms. Dee Wang
Phone: +86-10-5900-1548
Email: dee.wang@christensencomms.com
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
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