Tarena International, Inc. Signs Strategic Partnership Agreement with Ping An

Insurance Weekly News

By a News Reporter-Staff News Editor at Insurance Weekly News -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of professional education services in China, announced that it has signed a strategic partnership agreement with Ping An Property & Casualty Insurance Company of China, Ltd., Beijing Branch ("Ping An") to provide Ping An Safe Employment Education Insurance to Tarena's students.

Pursuant to the partnership agreement, Tarena will cooperate with Ping An to offer to Tarena's eligible students nationwide Ping An Safe Employment Education Insurance. The insurance premium is RMB280 per student. According to the insurance provisions, during the 12-months insurance period, in the event an insured student (i) has finished a full-time course with Tarena, (ii) reached certain qualifying score on the exit exam, (iii) has not been able to find a job within approximately three months after graduation, and (iv) has re-enrolled in such course for at least 50 consecutive days, such student can file an insurance claim with Ping An for up to RMB 12,000 in compensation to cover the tuition costs related to the re-enrollment in such course.

"Ping An Safe Employment Education Insurance is an innovative solution to lower the financial risks for our students," said Shaoyun Han, Founder, CEO and Chairman of Tarena." Through our strategic partnership with Ping An, we seek to enable our students to receive professional training with lower risk and find their ideal jobs in a more secured way. Looking ahead, Tarena will continue to explore effective teaching models, introduce creative education methods and promote job placement services to help Chinese youngsters achieve better employment prospects and career development."

"Ping An is very pleased to cooperate with Tarena, a leading brand in China with best in class professional education services," said Jiangtao Wang, Deputy General Manager at Ping An Property & Casualty Insurance Company of China, Ltd., Beijing Branch. "During the past 15 years, Tarena has helped more than 438,000 students achieve their career dream. Based on its innovative dual teacher model and outstanding career services, Tarena students' six months post-graduation job placement rate is above 90%. We are confident in Tarena's teaching quality and students' strong competitiveness in the job market."

Keywords for this news article include: Asia, China, Tarena International Inc.