Is mutual insurance in conflict with commercial insurance?

As we know, Mutual Treasure is a kind of mutual insurance for critical illness launched by Ant Financial, which is only open to members with sesame score above 650. There is no need for any fees when joining. After joining, if you are seriously ill, you can enjoy the maximum mutual assistance of 300,000 or 6,543.8+million, and the expenses will be shared by all members. Many people understand that this is similar to the commercial insurance they bought. So, do the two conflict?

Is mutual insurance in conflict with commercial insurance?

Mutual insurance does not conflict with other commercial insurance, and can be reimbursed together with other commercial insurance, such as critical illness insurance. Mutual treasure is not insurance. It is a mutual assistance mechanism provided by Ant Member Network Technology Service Co., Ltd. as the initiator and organizer in the spirit of "helping others and protecting themselves". Meet the conditions for joining and pass the examination, you can become a member, and you can get mutual protection and fulfill your sharing obligations by joining a specific protection plan. In fact, mutual treasure is similar to a public welfare mutual aid project and will not conflict with other commercial insurance.

What's wrong with mutual insurance?

Mutual treasure can guarantee 100 kinds of serious diseases, including malignant tumors, 99 kinds of serious diseases and 5 kinds of specific rare diseases. Among them, 99 major diseases must include 25 major diseases defined by CBRC, such as acute myocardial infarction, sequelae of severe stroke, major organ transplantation or hematopoietic stem cell transplantation, end-stage renal disease, multiple limb loss, acute or subacute severe hepatitis, benign brain tumor, decompensated chronic liver failure, deep coma and paralysis.

Alipay's mutual aid treasure belongs to a fixed-rate mutual aid plan for serious illness. Once a member is diagnosed with a disease within the scope of protection for the first time, regardless of whether the member has purchased other commercial insurance, he can apply for a one-time guarantee.

Therefore, mutual insurance does not conflict with commercial insurance, and their reimbursement has nothing to do with it. In other words, if you join Mutual Treasure and buy commercial insurance at the same time, the insured can have two protection rights. In addition, mutual treasure will stop running at 24: 00 on June 28, 2022, and mutual treasure will withdraw from the historical stage.