Huize(US:HUIZ) Globenewswire·2025-01-16 10:00Core Viewpoint - Huize Holding Limited has launched "PrimeMed," a customized mid-tier medical insurance product in collaboration with China Continent Property & Casualty Insurance Co., Ltd. and MSH CHINA, aimed at providing flexible and affordable healthcare coverage to consumers in Asia [1][3]. Company Overview - Huize Holding Limited is a leading insurance technology platform that connects consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions in Asia, targeting mass affluent consumers [4]. - The company offers a comprehensive online-to-offline integrated insurance ecosystem that covers the entire insurance life cycle, providing a wide range of insurance products and services [4]. Product Features - "PrimeMed" includes flexible deductibles with three plan options, allowing for zero or low shared deductibles to enhance accessibility to inpatient services [2][7]. - The product allows for children's coverage, enabling parents to insure children under 18, thus expanding family protection options [7]. - A relative deductible scheme is included, which allows compensation from other sources to offset deductibles, improving benefit accessibility [7]. - Annual premiums for "PrimeMed" start from RMB 958 for the primary age group, with options for additional coverage and family package discounts [7]. Market Context - The launch of "PrimeMed" responds to the growing public awareness and spending on mid-to-high level medical care services, addressing a critical need for comprehensive coverage in the healthcare system [3]. - The product aligns with government initiatives for differentiated development of basic medical insurance and commercial insurance, extending coverage to areas often not covered by basic insurance [3].