What kind of insurance is mutual insurance?

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

1, Mutual Treasure is a mutual aid plan launched by Ant Financial for ant members, not formal insurance. The basic premise of joining is that the sesame credit score should be above 650 points. As long as this is achieved, you are eligible to join the three major plans. Mutual treasure is a major disease plan that can be added to Alipay. The following are three major illness plans it contains: In fact, from its three plans, it can be seen that it is not insurance, so it is impossible to apply for claims according to the insurance process when it is out of danger.

2. Sesame credit score of 650 points is the entry threshold, but if you really want to join, you need to meet the health conditions. After all the conditions are met, you should apply to join on Alipay platform. From the date of accession, after a waiting period of 90 days, the plan will take effect. When the plan comes into effect, if you are in danger, you can apply for compensation.

With the rejuvenation and popularization of serious 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 higher than accident insurance. If you are a family with relatively tight economy, you can first consider joining mutual insurance as a transitional serious illness protection. When the economy improves, coupled with real critical illness insurance, we will gradually improve our own security and minimize the possible economic losses caused by the disease.

Can the money deducted from each other be refunded?

1. Generally, the shared expenses deducted by Mutual Treasure cannot be returned. However, if the participant suffers from the disease guaranteed by the terms during the waiting period, Mutual Treasure will return the allocated amount paid by the participant, and the participant will automatically withdraw from the plan. If the plan is cancelled or withdrawn under other circumstances, the configuration fee charged before will not be refunded after the user quits Mutual Treasure.

2. If you want to stop paying the mutual treasure sharing fee, you can choose to quit the mutual treasure without paying the handling fee. The exit method is to log in to Alipay APP on Xiaomi mobile phone Android system, click Ant Insurance-Mutual Treasure on my page, click to enter the details page of Mutual Treasure, and click to give up protection. After quitting mutual treasure, there will be no need to pay the sharing fee. However, if you quit Mutual Treasure on the 7th or after 2 1 of the current month, the deduction will still be shared on the 4th and 28th of the current month, and the next period will be officially stopped.

Operating environment:

Brand model: iPhone 13

System version: iOS 15.0

App version: 10.2.50