Huize partners with New China Life Insurance to launch annuity insurance product

Huize announced a strategic partnership with New China Life Insurance to jointly launch “Bliss”, a customized annuity insurance product, designed to cater to a client base with a preference for stable, risk-averse financial solutions. “Bliss” aims to differentiates itself with four offerings: i) rapid cash value growth with flexible payment options; ii) flexible annuity start times, allowing payouts to begin annuity at 5 years, 10 years, or when the insured reaches 60 or 70 years old; iii) a seamless enrollment process with no health declaration required, broad occupational eligibility, and affordable premiums starting at RMB2K annually; and iv) value-added benefits including up to 5 years of complimentary health management services.