Business
Zhibao Technology's Subsidiary, Sunshine Insurance Brokers, Wins Contract to Provide "Huiminbao" Inclusive Medical Insurance in China's Yunnan Province
Shanghai, China--(Newsfile Corp. - February 19, 2025) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company"), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced that its subsidiary, Sunshine Insurance Brokers ("Sunshine"), won the contract to provide brokerage services for Huiminbao Inclusive Medical Insurance in Baoshan, Yunnan. Baoshan is a provincial-level
About this update from Zhibao Technology Inc.
[{"type":"text","content":"Shanghai, China--(Newsfile Corp. - February 19, 2025) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company"), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced that its subsidiary, Sunshine Insurance Brokers ("Sunshine"), won the contract to provide brokerage services for Huiminbao Inclusive Medical Insurance in Baoshan, Yunnan. Baoshan is a provincial-level city in western China with a population exceeding 2 million and is the second largest city in western Yunnan Province.","length":659,"tagName":"p"},{"type":"text","content":"The mission of Huiminbao is to protect customers, including those with pre-existing medical conditions, against severe illnesses, It is intended as a cost-effective supplementary insurance to lessen the financial burden of out-of-pocket expenses for services, offering annual premiums as low as CNY 99 per year. Sunshine Insurance Brokers is a leading provider of Huiminbao brokerage services, with seven active projects this January.","length":434,"tagName":"p"},{"type":"text","content":"This project also expands Sunshine's presence in Yunnan Province, which has a population of over 47 million people. Sunshine's existing projects in Yunnan includes a province-wide inclusive homeowner's insurance project in Yunnan launched last year. Additionally, Sunshine developed a new product to provide comprehensive insurance covering people entering China through the Yunnan land borders. This product provides medical, accident and liability coverage for those making cross-border trips for work or other purposes, totaling 14 million trips in 2023.","length":569,"tagName":"p"},{"type":"text","content":""I am excited about the opportunity to expand our presence in the western provinces to provide affordable and practical solutions to people in the region," said Zhibao's Chief Executive Officer, Mr. Botao Ma. "Winning this contract is a meaningful addition to the other insurance options that our Company has provided in the Yunnan province and demonstrates our business' commitment to implementing our growth strategy. I am confident that our ability to offer a diverse range of insurance options to a population of ...