17What is the content of mutual insurance business?

Mutual insurance, which is voluntarily organized by a group of people who share common requirements and face the same risks, is a form of insurance that pays a share of risk loss compensation in advance. This form of mutual aid has existed in various mutual aid and cooperative organizations for the purpose of economic compensation, both ancient and modern.

Mutual insurance, or mutual insurance is a type of insurance company that does not have shareholders but owns its policies outright. This ownership either extends to all policyholders or is limited to certain types of policies. Employee mutual insurance is advocated and organized by social organizations, and the majority of employees carry out on a voluntary basis, a kind of private insurance with low operating costs, flexible and diverse forms, and the purpose of mutual assistance and risk diversification.

The main difference between insurance and mutual insurance is the main manifestation.

1) The scope of mutual assistance of insurance is limited to the whole public, while the scope of mutual assistance of mutual insurance is limited to the members of its mutual aid group;

2) mutual assistance in insurance is its indirect consequence and not its direct purpose, while mutual assistance in mutual insurance is its direct purpose;

3) Insurance is a commercial insurance activity operated for the purpose of profit in accordance with the principle of commodity economy, while mutual insurance is a non-commercial activity for the purpose of mutual aid.

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Mutual insurance is a form of insurance that is voluntarily organized by some people who have common requirements and face the same risks, and is a form of insurance that pays a share of risk loss compensation in advance. Mutual insurance is different from insurance, and this form of mutual insurance has existed in various mutual aid and cooperative organizations. Insurance and mutual insurance have both commonalities and differences.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Hello, I'm glad to answer for you, mutual insurance is useful! 1] Mutual insurance has an important supplementary role in the basic medical insurance of social insurance, which can supplement the part of social insurance that is insufficient, so that individuals can obtain more adequate protection in the event of an accident. It will help to strengthen the sense of self-protection of employees, optimize the consumption structure of employees, and make part of the consumption into construction, and the actual consumption into delayed consumption.

To further reduce the burden of employees, when there is illness or unexpected disasters, you can get compensation ranging from 10,000 yuan to tens of thousands of yuan. 3. Hope my reply is helpful to you, thank you! 

Mutual aid is not insurance. The purpose of a commercial insurance company is to make a profit. Mutual aid is a public welfare undertaking. The difference between mutual aid plan and insurance.

1. The way of claim settlement is different.

Insurance pays the amount agreed in the insurance contract. The mutual aid plan requires members to apply for mutual aid, and after the preliminary review of the platform, the case information will be placed in the platform company for the company, and other members can raise questions during the publicity period, and if there is no objection, the mutual aid will be shared by other members, and finally conveyed to the consumer's personal account. It is important to note that the actual amount of mutual aid that can be obtained is uncertain and there is no 100% guarantee that the mutual aid will be available.

2. Compensation guarantee.

The insurance contract is protected by the insurance law, and the insurance company must fulfill the obligation to compensate for losses or pay insurance money in accordance with the insurance contract. However, mutual aid schemes do not have such strict rules, and although there is a "Pact of Action", it is not expected to provide definite risk protection.

3. There are different ways to join.

The threshold for joining the mutual aid plan is low, you may pay a few dollars in the early stage, or you can even join for free, and then there is a case to publicize the need to share the mutual aid fund, which is a long-term payment, and the cost of exiting the plan in the early stage is non-refundable. There are long-term and short-term premiums, and only regular premium payments can be covered.

4. The risks are different.

Since 2016, a number of mutual aid platforms have closed down, and the reason is that it is difficult to continue to operate due to inadequate risk control, lax audits, and insufficient payment capabilities, so the risk of closure of mutual aid platforms is relatively high. However, the threshold set by insurance companies is very high, and they are strictly supervised by the Insurance Regulatory Commission, whether it is products, insurance or claims, although they are carefully designed.

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The most essential difference between mutual aid plan and mutual insurance is "compliance and legality", because the mutual aid plan is a voluntary organization, it will not be supervised by relevant departments, and it is easy to leave loopholes for illegal platforms to establish capital pools, and there is no full guarantee in financial stability and compensation capacity.

Mutual insurance must be approved by the China Banking and Insurance Regulatory Commission before it can be established, and it is a real "certificate to work". At present, there are only five mutual insurance cooperatives in China, and the first mutual insurance cooperative in China was established in February 2017, and as of 2022, it has been running smoothly for 5 years.

The mutual insurance cooperatives must be approved by the China Insurance Regulatory Commission before they can be established, which is a real "certificate to work". At present, there are only three mutual insurance cooperatives in China, and the first one is Zhonghui Property Mutual Insurance Cooperative, which has been running smoothly for 5 years. Since its opening, the comprehensive risk rating (classified supervision) has been Class A in each quarter.

<> the insured and the beneficiary are two important roles in the insurance contract, and there are important differences between them.

The insured is a party who has entered into an insurance contract with Principal Insurance, who pays the premium and is protected by the insurance company. The insured can be an individual or a legal person, such as a company, enterprise, etc.

A beneficiary is a party who can receive compensation from the insurance company after the occurrence of an insured event, and the beneficiary can be the insured himself or a third party designated by the insured. The beneficiary can be a relative, friend of the insured, or a business or organization of the insured.

The difference between the insured and the beneficiary is that the insured is a party to the insurance contract, they are protected by the insurance company, and bear the obligation of insurance premiums; The beneficiary is the party who can get compensation from the insurance company after the accident of the stool insurance limb car. The beneficiary can be the insured himself or a third party appointed by the insured.

Therefore, the insured and the beneficiary are two important roles in the insurance contract, and there are important differences between them. The insured bears the obligation of insurance premiums and is protected by the insurance company; The beneficiary can receive compensation from the insurance company after the insured event occurs.

Of course. The biggest difference is that the mutual aid plan is an "unlicensed operation", without the supervision of the first department, it is easy to leave loopholes for illegal platforms to establish capital pools and illegal fundraising, and there is no full guarantee in terms of financial stability and compensation payment ability, so there is no possibility of sustainable development.

The mutual insurance cooperatives must be approved by the China Insurance Regulatory Commission before they can be established, and they are truly "licensed to work". At present, there are only three mutual insurance cooperatives in China, and the first one to be established is Zhonghui Property Mutual Insurance Cooperative, which has been running smoothly for 5 years, so it is guaranteed in terms of compensation and can also bring more stable protection to everyone.