SHENZHEN, China, Feb. 14, 2020 /PRNewswire/ -- Following the 2019
novel coronavirus outbreak ("Covid-19"), WeSure, Tencent's
insurance platform, swiftly established an emergency response team
to provide real-time information to users, and introduced multiple
insurance plans designed to protect those who may be affected.
WeSure's Covid-19 response team was assembled in early
January 2020. On January 29, WeSure offered its first Covid-19
coverage, free of charge, to front-line medical workers providing
up to 600,000 CNY upon Covid-19
diagnosis. Over 100,000 medical professionals across China signed up for the plan within just one
week.
On February 1, WeSure and WeChat
Pay partnered up to provide insurance targeting small and medium
business owners affected by Covid-19. Any merchants who have been
diagnosed with Covid-19 will receive 1,000
CNY a day to offset losses from business disruption.
On February 5, WeSure was the
first to open up Covid-19 coverage to all WeChat users with a
minimum 10,000 CNY cash compensation.
The first of its kind on the market, users can sign up for the
universal insurance for free by accessing WeSure's service within
WeChat.
"During these critical times, WeSure remains more committed than
ever to protecting China's medical
workers and the broader public. Our full support is behind the
fight against Covid-19," said Mr. Alan
Lau, CEO of WeSure. "Our team worked non-stop, many from
remote locations while on leave outside of Shenzhen during the Chinese New Year break, to
respond with products and services that meet the needs of medical
workers, patients and the broader public. In a crisis like this
one, Internet has a bigger role to play than ever. Social
distancing is critical to curbing Covid-19 spread. With a
smartphone in hand, users can sign up for our insurance plans by
accessing our Mini-Program inside WeChat, 24/7, wherever they
are."
Covid-19 coverage for diagnosed medical workers
Launched on January 29 together
with AXA and DingXiangYuan, WeSure's Covid-19 medical worker
insurance plan is the first in the market that pays a cash
compensation upon diagnosis.
Medical workers at specified
primary and secondary public hospitals, treatment centers, and
pharmacies are eligible to sign up for WeSure's Covid-19 coverage
for free.
Medical workers may submit a claim for up to 100,000 CNY after Covid-19 diagnosis. Family of
medical workers may submit a claim for up to 500,000 CNY following death caused by
Covid-19.
Through WeSure's Mini-Program on WeChat, the insured users can
submit claims online. So far, 50 claims have been settled with cash
compensation made to diagnosed doctors and nurses.
WeSure and WeChat Pay partnered up to open up financial aid
to over 50 million small business owners
On February 3, WeSure and WeChat
Pay introduced a Covid-19 insurance plan that offer financial aid
to small business owners affected by the novel coronavirus.
Underwritten by PICC, users can apply for the aid from the "Gift
Upon Payment" program within WeChat Pay. If the owner or his/her
spouse is diagnosed with Covid-19 and admitted for inpatient
treatment, they can claim a cash compensation of CNY 1,000 per day for up to 30 days.
The 50 million small-business WeChat Pay users make up a crucial
part of China's economy. With
people cutting down significantly on outdoor activities, small
business owners are among the hardest hit. "Over a million users
have signed up for this insurance plan within a week. We hope that
our coverage will help partly offset business disruption for small
business owners due to Covid-19", said Mr. Lau of WeSure.
Launched China's first free
insurance plan with a minimum cash compensation of 10,000 CNY for Covid-19 diagnosis; up to
3 trillion CNY in insurance
coverage
On February 5, WeSure launched the
country's first Covid-19 insurance plan with a minimum cash payout
of 10,000 CNY for confirmed Covid-19
diagnosis. The coverage, available to all Chinese nationals aged
0-65, is underwritten by Taikang Insurance, and offered for free as
part of WeSure's philanthropic effort to help those affected. Over
3 million users have signed up for
the plan in less than two weeks.
There are two tiers to the insurance plan. The first is
available to all Chinese nationals. Users can claim 10,000 CNY in cash upon Covid-19 severe-condition
diagnosis. In the case of death due to Covid-19, their family can
claim 50,000 CNY.
The second plan provides additional protection for existing
WeSure medical plan users. For those that are already insured by
WeSure, they can sign up for a coverage that pays out 50,000 to
100,000 CNY, depending on level of
severity of the user's Covid-19 condition.
Beside the three dedicated Covid-19 plans covering medical
workers, small business owners and the general public, WeSure also
expanded coverage of all its existing medical policies to include
hospital cash of 100-150 CNY per day
for confirmed Covid-19 patients. Across all these insurance plans,
WeSure has provided Covid-19 coverage for 15 million users in China in just under two weeks since the
outbreak began.
About WeSure
WeSure Insurance Ltd. is Tencent's insurance platform.
Leveraging Tencent's strengths of data-driven and social
connection, WeSure works with well-known insurance companies to
provide users with high-quality insurance services. Users can make
insurance purchases, inquiries and claims directly on the firm's
vastly popular instant messaging and lifestyle platform, WeChat and
QQ.
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SOURCE WeSure