Huize partners with New China Life Insurance to launch “Bliss No.2” – a tailor-made lifetime annuity insurance product

SHENZHEN, China, Sept. 19, 2024 (GLOBE NEWSWIRE) — Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading insurance technology platform that digitally connects consumers, insurance companies and distribution partners through data-driven and AI-powered solutions in Asia, today announced that it has partnered with New China Life Insurance Company Limited (“NCI”) to launch “Bliss No.2”, a tailor-made lifetime annuity product. This enhanced product is the latest addition to the “Bliss” series and is designed to meet the growing demand for diversified retirement solutions by providing flexible and stable financial planning, in response to the gradual extension of the retirement age in China.

“Bliss No.2” offers several key value propositions: i) rapid cash value growth, with the policy’s cash value potentially exceeding premiums paid within just 4-6 years, depending on the payment method chosen; ii) flexible annuity start times with options for payouts after 5 or 10 years, or when reaching age 60 or 70, providing flexibility in retirement planning; iii) a simplified underwriting process with no health declaration required, broad eligibility criteria, and a low minimum annual premium starting from just RMB 2,000; and iv) up to 5 years of free healthcare services for policies purchased before December 31, 2024, including health consultation, hospital counseling services, home care and other value-added benefits.