Yiren Digital's Insurance Arm Served over 100,000 Flexible Workers with Its "New Resident Care" Project
Hexiang Insurance Brokers, the insurance brokerage division of Yiren Digital, has reached a significant milestone by extending its services to over 100,000 flexible workers through its 'New Resident Care' project. This initiative addresses the needs of traditionally underserved, unstable employment status workers such as truck drivers, ride-hailing drivers, couriers, and food delivery riders. The project aims to meet the growing demand for better protection and security for the expanding flexible workforce in China.
The 'New Resident Care' project offers a range of accident and medical insurance solutions specifically tailored to the working conditions of flexible employees. It has also simplified the insurance application process with a user-friendly online enrollment service and convenient claims reporting services. This initiative has proven effective in Hubei province and is now expanding to new regions, including Gansu province, as part of Hexiang's commitment to financial inclusiveness and industry advancement. The average insurance coverage per capita stands at RMB 100,000, providing a robust safety net against unforeseen risks or accidents.
Overall, Hexiang's initiatives have been recognized with prestigious awards and accolades, underlining its commitment to social responsibility and industry leadership. The milestone achievement signifies the company's dedication to meeting the evolving needs of diverse demographic groups and contributing to financial inclusiveness.
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The "New Resident Care" project, initiated by Hexiang in mid-2022, aims to support
To capture the ballooning demand and to better fulfill its social responsibilities, Hexiang Insurance has collaborated with insurers to develop a range of accident and medical insurance solutions tailored to the working conditions of flexible employees. Additionally, Hexiang drove the effort to streamline the insurance application process with a user-friendly one-stop online enrollment service, simplifying procedures and providing convenient claims reporting services.
Originating in
Hexiang Insurance Brokers has been quick to capture and fully understand the needs of new demographic groups, such as new urban residents, the elderly, and small and micro-enterprises. Through well-targeted insurance solutions, it has helped them mitigate risks through insurance protection, enabling them to maximize their value in production and life, and thus winning market reputation. Hexiang was awarded as "Outstanding Insurance Brand of the Year" by JRJ.com, a celebrated Chinese financial media outlet, in 2023.
About Yiren Digital
Yiren Digital Ltd. is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in
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SOURCE Yiren Digital
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