The insurance coverage of Mutual Treasure, what kind of insurance is Mutual Treasure

Mutual insurance covers 99 kinds of serious diseases + malignant tumors, if the first diagnosis age is 39 years old and below, the insurance is 300,000 yuan, and if the first diagnosis age is 40-59 years old, the insurance is 100,000 yuan.

Although the threshold for joining is relatively low, but to see whether this product is worth joining, the dad feels that it is necessary to compare from many aspects, from the scope of protection, the mutual treasure mutual aid plan only covers critical illness and cancer, and does not involve the protection of moderate and mild diseases, so the protection can only be said to barely meet the standard.

From the point of view of premium payment, Hubao adopts the model of "protection first and then payment", which seems to be very scientific, but once the person is born with a critical illness and the cost is shared, there is no fixed amount for this, so there is uncertainty in the premium.

From the perspective of the sum insured, for people over 39 years old, the maximum amount of insurance is only 100,000, and if a critical illness really occurs, this cost may not be enough to transfer the financial risk.

From the perspective of the terms of the insurance plan, because it is a mutual aid plan and it is a one-year term, the terms of the insurance may change at any time, and the rights and interests of the insured cannot be protected for a long time.

So at the beginning, Daddy said that Mutual Treasure can only be used as a supplement to critical illness insurance, not a substitute.

If you want 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.

So far, Mutual Treasure has launched a total of four plans: Critical Illness Mutual Aid Plan, Chronic Disease Cancer Prevention Plan, Elderly Cancer Prevention Plan and Public Transport Accident Plan, which cover accidents, critical illnesses and cancer.

Is it worth joining? Daddy's article tells you that "Mutual Treasure is upgraded again, is the new protection plan worth joining".

1. Mutual Aid Program for Serious Illnesses

The Critical Illness Mutual Aid Plan mainly covers 99 types of critical illness cancer + 5 rare diseases, with a waiting period of 90 days.

The maximum sum insured varies depending on the age group

30 days - 39 years old, up to 300,000.

Up to 100,000 for those aged 40-59.

It can be seen that the protection for critical illness is actually slightly insufficient, especially in the age group of 40-59 years old, during the high incidence period of disease, the maximum sum insured of 100,000 is not enough to avoid risks.

2. Chronic disease cancer prevention and elderly cancer prevention plan

The two plans mainly cover cancer, but the difference is in who is insured and the sum insured.

The Chronic Disease Prevention Program is aimed at people under the age of 60, from babies as young as 30 days old to middle-aged people as old as 59 years old.

If you are over 60 years old, you can join the geriatric cancer prevention program.

The geriatric cancer prevention plan is mainly for the elderly over 60 years old, with an insurance amount of 100,000 yuan, and it will be automatically withdrawn after reaching the age of 70.

3. Public transport accident planning

This mutual aid scheme mainly covers accidents caused by transportation.

However, the waiting period is 7 days, which is a bit long for the protection of accidents.

Daddy concluded

Mutual treasure is not insurance, but a mutual aid plan. However, some people are worried that the mutual treasure will not be compensated by insurance, or the insurance will not be compensated by mutual treasure, etc., in fact, mutual treasure and medical insurance and commercial insurance can be superimposed without conflict.

Mutual treasure is not insurance, it is a mutual aid plan.

Formerly known as Mutual Insurance, it is a mutual insurance product launched by Ant Insurance + Sesame Credit + Xinmei, which was launched on Alipay. Later, after being interviewed by the regulator, Xinmei withdrew from each other, and Ant Financial continued to be responsible, which became a pure mutual aid plan. After Xinmei withdrew from each other, Ant Financial upgraded Mutual Treasure and stipulated that if new and old users joined in 2018, the cost sharing involved before January 31, 2019 would be borne by Ant Financial, and users did not need to pay.

Mutual aid plan generally refers to network mutual aid, which is a combination of the original form of insurance and the Internet, which can be simply described as "small amount protection + pay-as-you-go" system, which belongs to the category of micro-insurance. The analogy between network mutual aid and other Internet financial innovations is the combination of "crowdfunding", "P2P" and the insurance industry, with the same basic concept and operation model, and the social benefits are very prominent, which can become an effective supplement to the commercial insurance system.

Mutual Treasure is a mutual aid program launched by Ant Insurance, which can be joined directly on Alipay.

As of now, there are three mutual aid programs, namely:

At the beginning, the Mutual Aid Treasure Serious Illness Mutual Aid Program, and the recently added Mutual Treasure Chronic Cancer Prevention Program and Mutual Aid Elderly Cancer Prevention Program.

That is to say, Mutual Treasure is a guarantee plan in which rights and obligations coexist, in which your obligations are to share the amount and your rights are protected.

Features 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 sum insured for 40-59 years old is only 100,000 yuan, and 100,000 yuan is actually a drop in the bucket at this age, but many critical illness insurance companies on the market can still buy products with an insurance amount of more than 500,000 yuan at this age.

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, daddy from its promotional materials, found that if the following happens, mutual treasure can be "suspended" at any time:

And the content of the guarantee can be changed at any time

At the same time, the time limit for claims is not as limited as the insurance contract, and there are many patients who are diagnosed with cancer in months, but the claims are only announced in July, and the efficiency of claims is too low.

Compared with real critical illness insurance, its protection is not very comprehensive and stable, so you should consider more when joining.

Arnold answered:

Hello! Mutual insurance means that units or individuals who may face the same type of risk in order to protect their own interests, become members by signing a contract, pay a certain fee to constitute mutual assistance**, and when the insured has an accident specified in the contract, mutual assistance** shall bear the liability for compensation. In fact, mutual treasure and mutual insurance are a type of person who shares the burden, which is in line with the characteristics of the insurer everyone for me and me for everyone, but the most obvious difference between the two is that mutual treasure is charged at a fixed time every month after the accident; Mutual insurance, on the other hand, is to pay a certain fee to form **, and then make a claim for the specified event.

Coverage of mutual insurance: Mutual insurance covers 99 kinds of serious diseases + malignant tumors, if the first diagnosis age is 39 years old and below, the guarantee is 300,000 yuan, and if the first diagnosis age is 40-59 years old, the guarantee is 100,000 yuan. In addition, genetic diseases, congenital malformations, deformities or chromosomal abnormalities are not eligible for the benefit.

However, the scope of mutual treasure protection is very small, and it is not easy to manage money, so if you want to get better protection, you still have to rely on commercial insurance, so is it necessary to buy commercial insurance if you have social security? See what the experts have to say

What are the 100 major illnesses of Alipay's mutual insurance? What diseases are covered by mutual insurance?

Do I have to pay mutual insurance premiums until I am 59 years old?

Mutual treasure is a kind of protection, but it is not insurance. In essence, it is a mutual aid plan, which will not be strictly regulated like insurance, and there is a high degree of freedom in setting rules such as how to pay, how much to pay, and how to collect fees.

1. Mutual Treasure is a mutual aid program launched by Ant Financial for Ant members, not a formal insurance. The basic prerequisite for joining is that the Sesame Credit score must be over 650, and as long as you reach this point, you will be eligible to join the three major programs. Hubao is a critical illness plan that can be joined on Alipay, and the following are the three major illness plans it contains:

In fact, it can be seen from its three plans that it is not insurance, so it cannot apply for a claim according to the insurance process if it is out of the insurance.

2. Sesame credit score of 650 is the entry threshold, and to really join, it is necessary to meet the health conditions, after all the conditions are met, apply for ** on the Alipay platform, from the day of joining, after the 90-day waiting period, the plan will take effect. When the plan is in effect, you can file a claim when the insurance is out.

3. With the younger and more common critical illness, it is necessary to buy a suitable critical illness insurance for yourself and your family. However, the cost of critical illness insurance will be relatively high compared to accident insurance and medical insurance, so if you are a family with a tight economy, you can first consider joining Mutual Treasure as a transitional critical illness protection. Wait until the economy improves, and then add real critical illness insurance, and gradually improve your protection to minimize the financial losses that may be caused by the illness.

Extended Material: Can I get my money back?

1. The shared fee deducted by Mutual Treasure is usually non-refundable, but if the participant suffers from a disease covered by the terms during the waiting period, then Mutual Treasure will refund the shared amount paid by the member, and the participant will automatically withdraw from the plan. If the plan is cancelled or withdrawn under other circumstances, the shared fee previously charged will not be refunded after the user withdraws from Mutual Treasure.

2. If you want to no longer pay the cost of mutual treasure, you can choose to withdraw from mutual treasure, and you do not need to pay a handling fee for withdrawal. The way to exit is to log in to the Alipay app on the Android system of Xiaomi mobile phones, click [Ant Insurance] - [Mutual Treasure] on the [My] page, click to enter the details page of Mutual Treasure, and click [Waiver Protection]. You will no longer need to pay the apportioned fee after withdrawing from Mutual Treasure, but if you withdraw after the 7th or 21st of the month, the deduction will still be apportioned on the 14th and 28th of the month, and the next period will be officially stopped.

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