Fanhua Launches Customized Whole-life Insurance with Dingcheng Life and Gen Re
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Thursday, August 26, 2021
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GUANGZHOU, China, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc. (Fanhua or the Company) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that it has partnered with Dingcheng Life Insurance Co., Ltd (Dingcheng Life) and Gen Re to launch Huading Number One, a customized whole-life insurance product that targets at mid-and-high net worth individuals.
Key Points:
- GUANGZHOU, China, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc. (Fanhua or the Company) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that it has partnered with Dingcheng Life Insurance Co., Ltd (Dingcheng Life) and Gen Re to launch Huading Number One, a customized whole-life insurance product that targets at mid-and-high net worth individuals.
- Huading Number One, co-designed by Fanhua, Dingcheng Life and Gen Re, is tailored to meet such needs of the mid-and-high net worth customers with its strengths in life protection and financial legacy management.
- It is a joint venture life insurance company with nationwide market presence and a registered capital of RMB1.3 billion.
- Its shareholders include Shin Kong Life Insurance Co., Ltd., Heung Kong Finance Group, and Bolin Holding Limited.