Waterdrop Releases Family Insurance Report

BEIJING, Oga. 26, 2022 /PRNewswire/ — Waterdrop Inc. (“Waterdrop”, “Company” or “we”) (NYSE: WDH), a leading technology platform dedicated to insurance and health care with a positive impact on society, recently released. User Family Security Report. Based on a survey of users of the Waterdrop Insurance Marketplace, the report shows that insurance buying habits are closely related to families.

Consumers under the age of 30 tend to buy insurance for their parents

Report shows that insurance buyers under the age of 30 pay more attention to their parents’ insurance, with 49% choosing to buy their parents’ insurance first.

Father. Hui TengWaterdrop’s chief researcher, said, “The majority of users under the age of 30 were born in the 1990s and are single children. Most families have one child and four parents to support. They need to quickly plan for pension and insurance services for themselves and their parents. them as quickly as possible.”

Consumers aged 31-40 tend to purchase child insurance

According to the report, among users of all ages, those aged 31-40 saw the largest share, or 17%, in purchasing insurance for children. Many of these users are the backbone of their families. Some of them are just parents, and some have several children, taking care of the children’s insurance.

But this does not mean that they neglect insurance for themselves. The survey also shows, that 47% of users aged 30-40 choose to buy insurance for themselves, 23% for parents, 17% for children, and 13% for spouses.

Consumers over the age of 40 tend to buy “single or married” insurance first. At some point, 61% choose to purchase insurance for themselves, 16% for spouses, 14% for parents, and 9% for children.

According to Reportthe largest number of users who buy their first business insurance or their family members are between the ages of 25-34, which represent 31% of the total number.

According to users, the 3 most important family insurances are “Medical Insurance, Critical Illness Insurance, Casualty Insurance”. Medical insurance and critical illness insurance are very important insurances. Personal injury insurance is also among the most popular types of insurance.

The report also shows that more than 81% of users have insurance for three or more families.

Company opinion Waterdrop Inc.

Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare services with positive social impact. Founded in 2016, with the full focus of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and health care to billions through technology. For more information, please visit www.waterdrop-inc.com.

Safe Harbor Statement

This article contains statements that may be “forward-looking” under the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will,” “expects,” “anticipates,” ” goals,” “future,” “intends,” “plans,” “believes,” “estimates,” “maybe,” and similar words. Statements that are not historical, including statements about Waterdrop’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements contain inherent risks and uncertainties. Information about these and other risks is included in Waterdrop’s filings with the SEC. All information provided in this article is as of the date of press release, and Waterdrop undertakes no obligation to update such statements going forward, except as required by law.

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Company opinion Waterdrop Inc.