Water heaters in Wan Jiale are underwritten by life insurance companies and are in the preparation stage of applying for approval. According to the company's previous announcement, Wan Jiale plans to invest 654.38 billion yuan to jointly establish Tiancheng Life Insurance Co., Ltd. with 8 enterprises including Fanhua Insurance Sales and Service Group Co., Ltd., and Wan Jiale will hold 20% of Tiancheng Life Insurance.