In This Article:
SHENZHEN, China, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (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 the launch of “PrimeMed”, a customized mid-tier medical insurance product, in collaboration with China Continent Property & Casualty Insurance Co., Ltd. (CCIC) and MSH CHINA Enterprise Services Co., Ltd. (MSH CHINA). Designed to provide scarce, high-cost medical resources such as specialized and international departments in public hospitals and designated private medical institutions, this new solution addresses the need for flexible and affordable insurance coverage.
Advertisement: Switch Auto Insurance and Save Today!
“PrimeMed”’s key features include:
-
Flexible deductibles: three plan options are offered, including zero or low shared deductibles, making inpatient services across different medical institutions more accessible while streamlining enrollment and claims processing.
-
Children’s coverage: allows parents to insure children under 18, expanding protection options for the family.
-
Relative deductible scheme: enables compensation from other sources (such as public health insurance) to offset deductibles, improving the accessibility of benefits.
-
Affordable premiums: annual premiums start from RMB958 for the primary age group, with options to add accident outpatient emergency coverage and receive family package discounts.
With these innovative and flexible features, “PrimeMed” offers premium healthcare services at a price point designed to appeal to consumers seeking an affordable upgrade from traditional million-yuan medical insurance products.
Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize, commented, “As public awareness and spending on mid-to-high level medical care services continue to grow, we developed ‘PrimeMed’ to meet a critical need for comprehensive coverage. The product provides access to multiple hospital types and departments, as well as out-of-hospital medications and imported medical devices expenses, ensuring broader protection for individuals and families seeking higher-quality healthcare. Our partner MSH CHINA, a high-end health insurance service provider, strengthens the product offering with their extensive hospital network across top-tier Chinese hospitals and established billing relationships, ensuring seamless access to premium medical care. Additionally, in line with the government’s initiative for the differentiated development of basic medical insurance and commercial insurance, ‘PrimeMed’ provides a personalized upgrade in commercial medical care, extending coverage to areas that basic insurance often does not reach—such as imported drugs, specialized medical devices and complex surgeries. This solution exemplifies our commitment to addressing gaps in the healthcare system and developing innovative insurance solutions that cater to the evolving needs of our customers, contributing to better healthcare outcomes.”