What is mutual insurance, and is mutual protection reliable?

Mutual Treasure is a serious illness mutual aid program jointly launched by Ant Insurance, Sesame Credit and Xinmei, and members must meet the conditions for joining and pass the review.

In this plan, when someone is insured, the participants share the claims of the insurers equally, and the participants will receive the same critical illness protection.

Since it is a serious illness mutual aid plan, then the protection must be a critical illness, and the dad took a look at the protection content of the mutual treasure:

1. Cover 100 major diseases including malignant tumors.

You can get 300,000 yuan of mutual aid before the age of 40-59, and you can only get 100,000 yuan of mutual aid between 40-59 years old.

The sum insured of 300,000 and 100,000 is not high compared to the critical illness insurance with a maximum sum insured of 500,000 or even more than 500,000 yuan on the market, and there are no other benefits such as mild illness, moderate illness, and exemption. In contrast, the protection of mutual treasure is actually relatively simple.

1. Low threshold for joining.

2. Guarantee first and pay later.

This is also the highlight of this plan, at the beginning of the joining, you do not need to pay a one-year or one-month fee like traditional insurance, but you can be covered after joining, and then everyone will share it evenly if someone has an accident.

3. Low cost.

Although from the beginning to the present, the average apportionment amount has skyrocketed by 50 times, but the apportionment amount after the surge is only more than one piece, and it will not exceed 200 yuan in a year.

4. You can withdraw at any time.

It is not a problem for Hubao to withdraw at any time, and on the issue of whether to withdraw or not, it will generally be less tangled than insurance, because the insurance fee is high, and upgrading the policy or surrendering the product is also risky. Because of the small cost of mutual treasure, even if you withdraw, you will not be unwilling, and the impact of withdrawal on buying insurance products or changing insurance products is not great.

Mutual insurance is a mutual-aid health insurance service jointly launched by Ant Financial and Xinmei, mainly for Ant members, with the characteristics of low threshold for critical illness protection, high transparency, and mutual assistance. The service was launched on the Alipay platform on October 16, 2018, and was later changed to an online mutual aid plan, and mutual insurance was upgraded to mutual treasure.

Ant members (under 60 years old) with a sesame score of 650 or above can join it without paying a fee and get 100 kinds of serious illness protection, including malignant tumors.

On November 27, 2018, the suspected violation of "mutual insurance" in the Alipay platform was removed from the shelves and changed to an online mutual aid plan, and then the "mutual insurance" will be upgraded to "mutual treasure", officially becoming an Internet-based mutual aid plan. After the upgrade, the old "Mutual Insurance" users can upgrade to the new "Mutual Treasure" without having to recalculate the waiting period. The new "Mutual Treasure" has also launched a series of rights and interests upgrades, including a cap of 188 yuan for user sharing in 2019, and Ant Financial will bear all the excess amount.

If the original "mutual insurance" user does not upgrade temporarily, they will still be covered according to the original plan; If you do not want to continue to participate in the "mutual insurance", you can also choose to opt out. Xinmei Life will work together with Ant Financial to negotiate and do our best to protect the rights and interests of every user.

On March 25, 2019, Alipay's official Weibo released an announcement on the upgrade of Mutual Treasure products, adjusting the conditions for joining Mutual Treasure: if the physical health status of Mutual Treasure members meets the "Health Requirements" and passes the comprehensive access assessment based on sesame points, they can join the plan, and the previously stipulated 650-point entry threshold for sesame points will be cancelled.

Mutual insurance is a type of mutual insurance. The definition of mutual treasure is that a unit or individual with homogeneous risk protection needs becomes a member by entering into a contract and pays premiums to form mutual assistance**, which is liable for compensation for the losses caused by the occurrence of accidents agreed in the contract.

Which insurance company is mutual insurance.

Mutual treasure cannot be said to be unreliable. Mutual treasure is to join when you are healthy, enjoy the protection first without paying fees, and share the insurance money when someone is sick. Therefore, it cannot be absolutely said to be a lie, but the protection rules are different from ordinary insurance.

Click here for details: Mutual Treasure Serious Illness Mutual Aid Program: Protect first and pay later, is it really worth joining?

1. What is Mutual Treasure?

Some people say that mutual treasure is insurance, but it is not!

Second, the characteristics of mutual treasure

1.The barrier to entry is low

Hubao only needs to meet the health notice, participation age and sesame credit score, and can join after the application is reviewed, with a low threshold and fast speed.

2.Cover first and pay later

When you join Mutual Treasure, you can join it for 0 yuan, and you can get it after the waiting period, and then pay on the apportionment date, which can also be said to be a highlight of Mutual Treasure.

Low sum insured for one year

The insurance amount of Hubao 40-59 years old is only 100,000 yuan, and 100,000 yuan is actually a drop in the bucket.

4.The cost is not fixed but cheap

**The formula for the apportionment amount of each period is played, and there are many variables in the formula, so the apportionment amount of each period of Hubao is not the same, and it is continuous**.

5.The mutual treasure mechanism is unstable, the insurance content is not fixed, and the claim settlement time is not fixed

Mutual treasure is not insurance, so there is no insurance company like industry regulations and contract restrictions, dad from its promotional materials, found that if the following happens, mutual treasure can be "stopped selling" at any time.

In general, mutual treasure has a certain legal effect. It's just that some people may not understand the situation before joining, so there will be a certain misunderstanding. So you must understand the situation clearly before making a choice!

Alipay mutual insurance, is it reliable?

The answer is credible. Hubao is a serious illness mutual aid program on Alipay, is the world's largest mutual aid community, if members encounter major diseases (99 major diseases + malignant tumors + specific rare diseases), they can enjoy a maximum of 300,000 yuan of mutual aid, the cost is shared by all members. Mutual treasure, social security, and commercial insurance do not affect each other.

If you already have social security or commercial insurance, you can also join Hubao. When applying for mutual aid, members can enjoy a maximum of 300,000 yuan of mutual aid if they meet the conditions for mutual aid through investigation and review, which is not directly related to social security and commercial insurance.

Which insurance company is mutual insurance.

As for whether the mutual treasure is reliable, what everyone is worried about is that if there is an accident, will it be able to make a claim?

Then we can take a look at how it works:

As with commercial insurance on the market today, there is a waiting period of 90 days, after which the waiting period is followed.

Because there is no need to pay "insurance premiums", it is a mutual aid program, and the groups that join are divided into two parts: the healthy group and the sick group.

During the insurance period, healthy groups can see confirmed cases of illness on the 7th and 21st of each month, and Alipay will automatically deduct the expenses that should be shared on the 14th and 28th of each month.

The amount that can be claimed varies depending on the age group.

In addition, since this is a mutual aid program, there are regulations on the number of participants for continuous operation, and the program will be terminated in the following cases.

1) The number of members is less than 3.3 million after 3 months of operation.

2) Force majeure and policy factors lead to the inability of mutual treasure to survive.

General commercial insurance will not terminate until at least the expiration of the individual contract, while Mutual Treasure gives the impression that it may be terminated at any time. Therefore, it can be used as a supplement to the protection plan, but not as a long-term protection option.

In short, Hubao is only a mutual aid plan, not insurance in the strict sense, so it cannot be used as a substitute for commercial insurance, but only as a supplement to commercial insurance. If you choose to join, you must pay attention to the fact that you must be equipped with other critical illness benefits in order to have a better ability to resist risks.

The reason for the more and more mutual treasure is that there are more and more users who have joined the mutual treasure, and most of the users have passed the 90-day waiting period, so the more people who join, the longer the time, the greater the possibility of the user's illness, which also leads to the fact that the mutual treasure deducts more and more money on each apportionment day.

Mutual Treasure is a one-year group critical illness insurance with no guaranteed renewal, which is more suitable as a temporary transitional protection or a supplement to long-term critical illness insurance. In order to better understand this product, let's take a look at the mutual treasure protection plan.

Mutual Treasure Basic Protection Plan:

Through this** you can see:

Mutual Treasure is made up of 3 mutual aid programs, covering 99 types of critical illnesses, cancers and 5 rare diseases. The age range of the population is 30 days to 69 years old.

From the perspective of the scope of protectionThe Mutual Treasure Mutual Aid Plan only covers critical illness and cancer, and does not cover moderate and mild illnesses, so the protection can only be said to be barely up to the mark.

From the point of view of the payment of premiumsMutual Treasure adopts the model of "protection first and then payment", which seems to be very scientific, but once you join the person with a critical illness and share the cost, there is no fixed amount, so there is uncertainty in the premium.

From the point of view of the sum insuredFor people over 39 years old, the maximum sum insured is only 100,000, and if a critical illness does occur, this cost may not be enough to transfer the financial risk.

Judging by the terms of the protection planBecause it is a mutual aid plan and it is a one-year term, the terms of the protection may change at any time, and the rights and interests of the insured cannot be protected for a long time.

If you do not want to continue to participate in the "mutual insurance", you can also choose to opt out.

Steps to withdraw from mutual insurance:

3. After entering, you can see the name in the insurance, and click the name of the person who needs to withdraw from the mutual insurance.

4. Click "Waiver Guarantee" to withdraw from Alipay mutual insurance.

Mutual Treasure can be used as a temporary transitional protection or as a supplement to long-term critical illness insurance, but it cannot be used as the only critical illness insurance outfit. Because critical illness protection requires sufficient sum insured, Mutual Treasure does not have it.

Therefore, even if you join Hubao, you should still choose a critical illness insurance that suits you, so that you can better transfer the risk of illness.

If the subject wants to buy a cost-effective critical illness insurance, you can take a look at this article: "Critical Illness Insurance ** Table, Which Critical Illness Insurance is the Cheapest".

Daddy started with some excellent critical illness insurance ** tables and analyzed their protection content, so that everyone can choose critical illness insurance products.

The wind is not good, be cautious.

Questions. It is Alipay's mutual insurance, the protection I want to buy for my parents.

What is the best thing to buy?

Treasure each other. It is recommended to take a look at this article.

Questions. What about the accident insurance of Peking University Founder Life Insurance?

Then you just said that the mutual treasure review is not good, why do you say that you buy that.

One word. Mutual protection and mutual treasure are not the same.

Accident insurance is inexpensive, provides solid coverage and is affordable. When purchasing accident insurance, the policyholder should purchase the appropriate type of insurance according to their actual needs in order to obtain the maximum protection. In addition, when purchasing an accident insurance product, it is necessary to have a detailed understanding of the exclusion scope, coverage and claim terms of the purchased insurance to avoid claims disputes.

Since the premium of accident insurance is relatively cheap, it is recommended that consumers may wish to buy more copies, especially in terms of accidental medical treatment, as sufficient amounts are very helpful for the medical protection of the insured.

Questions. I bought the 100,000 insurance amount of Mutual Treasure in Alipay, this Mutual Treasure is still reliable, right?

Uh-huh, yes. Questions.

What about the accident insurance of Peking University Founder Life Insurance, and is this insurance company reliable? Good reviews.

First: mutual insurance, or based on the basic core of insurance, pay a certain amount of money, to obtain a possible huge amount of protection. However, the object of risk-taking has been shifted from the insurance company to all insured persons.

Second: since the risk is borne by the insured, it is necessary to recognize the risk of this insurance: first of all, the system collapses in the face of a large area of huge apportionment, then it is necessary to set rules to allow the occurrence of system collapse, as long as the system collapses in accordance with the rules, the insurance company is not jointly and severally liable.

Furthermore, if an individual is faced with a large apportionment and produces avoidance behavior, but does not affect the system itself, then the individual needs to be allowed to have a capricious opportunity, even if this opportunity leads to the collapse of the system. If an individual has already faced a large amount of apportionment, avoiding risks instead of taking them, then according to the essential requirements of this type of insurance: the risk is borne by all the insured, then he violates this principle, therefore, it is necessary to plan, abandon the insurance once, or many times, as well as the punishment of special circumstances, and the mechanism of lifting the penalty.

Third: In short, it is necessary to allow the system to collapse legally, to allow a comeback, after all, a legal collapse means that the system is still valuable, but the risk is too great, and under the condition of too much risk, no insurance system can avoid collapse. So don't let a system crash dismiss the value of the system.

In general, we need to support the repeated comeback of the system, and the reasonable long-term operation, on the premise that the existing majority can easily help the extremely difficult minority. Realize that everyone can be for me, and I can be for everyone. After the systemic risk, it is the personal risk, and the personal risk is inevitable, so either you go to buy commercial insurance, or you have to face one or more relatively large allocations.

Fourth: allow the system to actively collapse, if the risk is excessive due to the target and scope of the population, resulting in excessive pressure on everyone, in order to avoid the arrival of legal agreements, uncontrollable risks come, you can apply for an early crash. Avoid this huge risk.

The remaining risk is borne by the insured person.

Fifth: In short, there must be a great risk that the system will collapse, but this system does have advantages under normal conditions. Individual risks can be avoided at will, but personal avoidance will lead to damage to rights.

Therefore, it is reasonable to let those people who have too heavy obligations and a strong sense of responsibility in practice, and who get little benefit, especially those who have almost no benefits, can be calculated and given a certain degree of preferential treatment, which is also reasonable. At least under normal conditions, the granting of such preferential treatment should be supported.