Huize Partners with Dajia Annuity Insurance to Launch “Dajia Hui Xuan” – A Customized Retirement Annuity Insurance Product

Rhea-AI Summary

Huize Holding Limited (NASDAQ: HUIZ) partners with Dajia Annuity Insurance to launch 'Dajia Hui Xuan', a customized retirement annuity insurance product. The product offers high flexibility, low eligibility threshold, and comprehensive elderly care services. Huize aims to meet the retirement needs of its young user base, providing tools for achieving retirement planning goals in the era of 'Huize Customized Products 3.0'.

SHENZHEN, China, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Dajia Annuity Insurance Co., Ltd. (“Dajia Annuity Insurance”) to launch “Dajia Hui Xuan”, a customized retirement annuity insurance product.

“Dajia Hui Xuan” is distinguished by three key product highlights: i) high flexibility: customers can choose from a range of options for the premium payment terms, annuity payout commencement date, and annuity payout period and terms, with policy terms valid up to age 106 or the 20th year of annuity payout; ii) low eligibility threshold: no health declaration is required and the minimum annual premium is just RMB2,000; and iii) comprehensive elderly care service offered including residence-based rehabilitation and urban medical care after reaching a premium threshold.

Mr. Cunjun Ma, Founder, Chairman, and Chief Executive Officer of Huize, commented, “We are excited to launch ‘Dajia Hui Xuan’, a product aimed at meeting the retirement needs of our young user base, which has an average age of just 34.5 years old. The younger generation is characterized by a heightened awareness of retirement planning needs and a strong desire for an enhanced quality of life in their post-working years. Through ‘Dajia Hui Xuan’ and other innovative product offerings, we provide the tools that this demographic needs to achieve their retirement planning goals. ‘Dajia Hui Xuan’ is a strong testimony to our commitment to providing a holistic solution for high-quality insurance protection and retirement planning, catering to the insurance needs of our young mass affluent users in the era of ‘Huize Customized Products 3.0’.”

About Dajia Annuity Insurance Co., Ltd

Founded in 2013, Dajia Annuity Insurance Co., Ltd is a nationwide pension insurance company approved by the China Insurance Regulatory Commission with a registered capital of RMB3.3 billion. The company focuses on the field of commercial pension insurance, providing a comprehensive solution that covers the entire life cycle of pension insurance and services. It is committed to becoming a caring provider of pension insurance protection services, helping customers achieve a quality life in which they are well-supported, secure, and happy in their old age.

For more information, please visit https://annuity.djbx.com/.

About Huize Holding Limited

Huize Holding Limited is a leading digital insurance product and service platform for new generation consumers in China. Targeting the younger generation, Huize is dedicated to serving its insurance clients for their life-long insurance needs. Leveraging its online platform, Huize offers a wide variety of insurance products with a focus on long-term life and health insurance products and empowers its insurer partners to reach a large fragmented client base in the insurance retail market efficiently and enhance their insurance sales. Huize provides insurance clients with digitalized insurance experience and services, including suitable product recommendations, consulting service, intelligent underwriting, and assistance in claim application and settlement, which significantly improve transaction experience.

For more information, please visit http://ir.huize.com.

For investor and media inquiries, please contact:

Investor Relations
Harriet Hu
Investor Relations Director
+852 3180 9207
investor@huize.com

Media Relations
mediacenter@huize.com

Christensen
In China
Ms. Crystal Lai
Phone: +852 2117 0861
Email: crystal.lai@christensencomms.com

In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com

FAQ

What is 'Dajia Hui Xuan'?

'Dajia Hui Xuan' is a customized retirement annuity insurance product launched by Huize Holding Limited in partnership with Dajia Annuity Insurance.

What are the key highlights of 'Dajia Hui Xuan'?

'Dajia Hui Xuan' offers high flexibility in premium payment terms, annuity payout commencement date, and annuity payout period and terms, low eligibility threshold with no health declaration required, and comprehensive elderly care services.

What is the target demographic for 'Dajia Hui Xuan'?

The product is aimed at meeting the retirement needs of Huize's young user base, with an average age of just 34.5 years old, who have a heightened awareness of retirement planning needs and a strong desire for an enhanced quality of life in their post-working years.

What is the significance of 'Dajia Hui Xuan' in the era of 'Huize Customized Products 3.0'?

'Dajia Hui Xuan' is a strong testimony to Huize's commitment to providing a holistic solution for high-quality insurance protection and retirement planning, catering to the insurance needs of young mass affluent users.