{"id":83894,"date":"2024-08-22T09:34:03","date_gmt":"2024-08-22T09:34:03","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/huize-partners-with-cpic-pc-to-launch-little-scholar-a-customized-student-accident-insurance-product\/"},"modified":"2024-08-22T09:34:03","modified_gmt":"2024-08-22T09:34:03","slug":"huize-partners-with-cpic-pc-to-launch-little-scholar-a-customized-student-accident-insurance-product","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/huize-partners-with-cpic-pc-to-launch-little-scholar-a-customized-student-accident-insurance-product\/","title":{"rendered":"Huize Partners with CPIC P&C to Launch \u201cLittle Scholar\u201d \u2013 A Customized Student Accident Insurance Product"},"content":{"rendered":"
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SHENZHEN, China, Aug. 22, 2024 (GLOBE NEWSWIRE) — Huize Holding Limited, (\u201cHuize\u201d, the \u201cCompany\u201d or \u201cwe\u201d) (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 that it has partnered with China Pacific Property Insurance Co., Ltd. (\u201cCPIC P&C\u201d) to launch \u201cLittle Scholar\u201d, a customized student accident insurance product. This product is designed to provide parents with comprehensive coverage for their children, aged 3 to 25, spanning from kindergarten to graduate school. \u201cLittle Scholar\u201d offers up to RMB500,000 in protection for both accidents and illnesses, ensuring peace of mind for families as their children embark on the new school year.<\/p>\n

\u201cLittle Scholar\u201d features three differentiated offerings: i) comprehensive coverage beyond school grounds, protecting against both accidents and illnesses through four customizable plans, ensuring the flexibility needed to meet the diverse needs and financial situations of families. This coverage also extends to major illnesses, covering up to 100 types of critical illnesses for a maximum coverage of RMB60,000; ii) favorable deductibles and reimbursement rates, offering higher reimbursement due to accidents or illnesses. Daily hospitalization allowances are also included, making the policy more flexible and accessible than similar products; and iii) additional benefits including ambulance fee coverage with up to RMB3,000 reimbursed for emergency services, special subsidies of RMB5,000 for accidental fractures, and liability coverage for guardians, providing up to RMB30,000 in protection for cases where a child unintentionally causes injury or property damage to a third party.<\/p>\n

Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize, commented, \u201cAs the new school year begins, safeguarding our children\u2019s well-being becomes paramount and remains at the core of every parent\u2019s concerns. According to the China Insurance Industry Accident Experience Rate Table (2021), the overall accident rate for students aged 3 to 25 is around 3%. In response to the needs of today\u2019s parents and driven by our unwavering commitment to the health and safety of students, we are proud to introduce \u2018Little Scholar\u2019. This customized product combines our innovative digital approach with CPIC P&C\u2019s extensive industry experience to deliver unparalleled value and protection to our customers. Thoughtfully designed, \u2018Little Scholar\u2019 expands coverage to include critical illnesses and extends liability protection for guardians. Additionally, it tailors premiums to align with the varying risk levels of different age groups to ensure the most affordable and effective protection for the younger generation. \u2018Little Scholar\u2019 is a testament to our commitment to creating a safer, brighter future for the next generation.\u201d<\/p>\n

About China Pacific Property Insurance Co., Ltd. <\/strong>
China Pacific Property Insurance Co., Ltd. (“CPIC P&C”) is a subsidiary of China Pacific Insurance (Group) Company Limited, providing a wide range of property and casualty insurance products and services. As one of the leading P&C insurers in China, CPIC P&C operates nationwide with a network of 40 branches and over 3,100 sub-branches and a dedicated shipping insurance center. In 2023, CPIC P&C achieved original premium income of RMB188.34 billion, up 11.4% year-on-year, and generated insurance service revenue of RMB177.13 billion, up 11.8% year-on-year.<\/p>\n

For more information, please visit https:\/\/property.cpic.com.cn\/<\/a>.<\/p>\n

About\u00a0Huize Holding Limited<\/strong><\/p>\n

Huize Holding Limited\u00a0is a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in\u00a0Asia. Targeting mass affluent consumers,\u00a0Huize\u00a0is 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,\u00a0Huize\u00a0empowers the insurance service chain with proprietary technology-enabled solutions for insurance consultation, user engagement, marketing, risk management, and claims service.<\/p>\n

For more information, please visit\u00a0http:\/\/ir.huize.com<\/a> or follow us on social media via LinkedIn (https:\/\/www.linkedin.com\/company\/huize-holding-limited<\/a>), Twitter (https:\/\/twitter.com\/huizeholding<\/a>) and Webull (https:\/\/www.webull.com\/quote\/nasdaq-huiz<\/a>).<\/p>\n

For investor and media inquiries, please contact: <\/strong><\/p>\n

Investor Relations<\/strong>
Kenny Lo
Investor Relations Manager
investor@huize.com<\/a><\/p>\n

Media Relations<\/strong>
mediacenter@huize.com<\/a><\/p>\n

Christensen <\/strong>
In China
Ms. Dee Wang
Phone: +86-10-5900-1548
Email: dee.wang@christensencomms.com<\/a><\/p>\n

In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com<\/a><\/p>\n

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