HUIZ - Huize Partners with Aviva-COFCO to Launch Fu Man Jia – A Customized Participating Whole Life Insurance Product | Benzinga
SHENZHEN, China, April 17, 2024 (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 China, today announced that it has partnered with Aviva-COFCO Life Insurance Co., Ltd. ("Aviva-COFCO" or "ACL") to launch "Fu Man Jia", a customized participating whole life insurance product.
"Fu Man Jia" stands out with three key features: i) stable value growth with long-term potential returns: a guaranteed return on a compound basis of 2.5% with additional non-guaranteed annual dividend; ii) low threshold with high dividend flexibility: policy available to customers from 30 days after birth to 70 years old, with options in receiving dividend payout, including cash payment, dividends on deposit, premium reduction, or purchasing paid-up additional insurance; and iii) enhanced flexibility with premium payment terms of single upfront payment or annual payments ranging from 3 years to ...