What insurance has Alipay become?

It's not insurance, it's a mutual aid program.

Alipay Huzhu Bao is a mutual insurance product jointly launched by Ant Insurance+Sesame Credit+Mei Xin. It was launched on Alipay, and Mei Xin withdrew from the other party during the supervision interview. Ant Financial continued to be responsible and became a pure mutual aid plan, so it was not insurance, but a simple mutual aid plan.

Mutual treasure is a serious illness mutual aid plan launched on Alipay. In case of serious illness, you can apply for a mutual fund of 300,000 yuan or 6,543,800 yuan, and the expenses will be shared by all members, and * * * will bear the risk of serious illness.