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Can Alipay mutual treasure withdraw at any time? Is it true that Alipay mutual treasure capping 188

Earlier, Alipay launched an 'mutual protection' service. Today, ant gold clothing announces' mutual protection 'upgraded to' mutual treasure '. So what will be the changes of the mutual treasure after upgrading? FAQ of mutual treasure sharing.

What is mutual protection?

Alipay Alipay is a mutual insurance product jointly launched by Xin Mei and Alipay. This insurance product is free of charge, you don't need to pay the insurance fee, and the waiting period is 90 days. After the members' protection takes effect, the automatic delimit guarantee and management fee will be automatically passed on the 14 and 28 days of each month, and the apportionment amount of each compensation case will not exceed 0.1 yuan.

If compensation occurs, members need to share expenses equally. If compensation does not occur, members do not need to share expenses. The specific amount of expenses to be shared each month depends on the number of compensation cases in that month.

Mutual insurance announced upgrade to mutual treasure

On November 27, ant financial's mutual insurance announced that it would be upgraded to "mutual treasure" and positioned as an Internet-based mutual aid program.

It is understood that "mutual treasure" will introduce a new welfare under the condition of 100% retaining the original rights and interests of users, that is, the user's sharing amount of 188 yuan will be capped from January 1 to December 31, 2019, and the extra part will be borne by ant financial services. In the future, huhubao will announce the relevant information about the ceiling amount of the next year at the end of each year.

After being positioned as an online mutual assistance scheme, mutual insurance will no longer be underwritten by Sino US mutual insurance. Sime life said that because it was interviewed by the regulatory authorities, sime life could no longer continue to sell its group critical illness insurance in the name of 'mutual insurance'.

In addition, the management fee charged by the new mutual treasure will be reduced from 10% to 8%. In the future, if the number of participants is less than 3.3 million, the plan will not be disbanded and will continue to provide serious illness protection for users for one year.

Mutual insurance is a mutual aid service on the Alipay App in October 16th. When it is added, it does not need to pay. After joining, if a member suffers major diseases (range is 100), it can enjoy 300 thousand or 100 thousand yuan guarantee money, the cost is shared by all members, and 20 million people have been joined in 1 months online.

According to the announcement, after the upgrade, the protection and experience of users will not change. Users who have not joined before can join the new 'mutual treasure', while old users who have joined can upgrade to the new 'mutual treasure' with one click. At the same time, the waiting period does not need to be recalculated, and it is still calculated according to the date of joining the mutual treasure.

Mutual insurance also announced that in order to make up for the inconvenience caused by the upgrade, as long as the new and old users join in 2018, the shared expenses before January 31, 2019 will be free, and they will be borne by ant financial service.

Zhu Minglai, director of the health economy and medical security research center of Nankai University, said that "mutual treasure" inherits the characteristics of the original products, making it easier for middle and low-income people and invisible poor people to obtain health security. To a certain extent, it alleviates and prevents the phenomenon of disease-related poverty and disease-related poverty among these people.

Wei Yingning, former vice chairman of the CIRC, believes that the original "mutual insurance" has the dual attributes of insurance and mutual assistance. It is insurance in form and mutual assistance in essence, which is a kind of business model innovation. In the future, mutual aid association will evolve. Finally, self-organized insurance with blockchain as the underlying technology will be the development direction.

Attachment: nine questions on the upgrading of mutual protection

(1) Why upgrade mutual protection?

Recently, we received a notice from our partner, Simei, that due to the interview with the regulatory authorities, Simei could not continue to sell "Simei Life Mutual Insurance Co., Ltd. mutual insurance group critical illness insurance" in the name of "mutual insurance for serious illness mutual assistance plan". In order to further protect and enhance the rights and interests of users, after careful discussion and careful thinking, we decided to upgrade the original "mutual protection". This is our active adjustment based on the current situation and from the perspective of user rights and experience.

(2) What are the differences between the user service and experience of the newly upgraded "mutual treasure"?

The new "mutual insurance" is basically the same as the original "mutual insurance" in terms of the coverage of serious illness, the allocation mode and the amount of mutual aid fund. In addition, in order to absorb some previous feedback from users and further enhance the rights and interests of users, we have optimized the service of the new 'mutual treasure' in three aspects:

1) The total apportioned amount of each user during the period from January 1 to December 31, 2019 shall not exceed 188 yuan, and the extra part shall be borne by ant financial services.

2) The management fee will be reduced from 10% to 8%.

3) In the future, if the number of participants of huhubao is less than 3.3 million, the plan will not be disbanded immediately. We will continue to provide serious illness protection for users for one year.

(3) How to upgrade the original "mutual insurance" users?

Users who have joined mutual protection can choose to upgrade according to the prompts on the product side. After upgrading, users do not need to recalculate the waiting period.

(4) If the original 'mutual protection' users do not choose to upgrade, can they still enjoy the original protection?

If the user is not upgraded, the guarantee and service experience will remain unchanged. We will still abide by the agreement and provide relevant guarantee services for users.

(5) Do you want to recalculate the waiting period when the original "mutual insurance" user exits and joins "mutual insurance"?

The waiting period needs to be recalculated when the user withdraws from mutual insurance and then adds to mutual treasure. However, if the user chooses to upgrade to "mutual treasure" according to the guidelines, there is no need to recalculate the waiting period.

(6) How do users share in the upgrade from mutual insurance to mutual treasure?

Users who choose to upgrade or join the mutual treasure will participate in the sharing. For users who join 'Hubao' before December 31, 2018, whether they are upgraded from 'Hubao' or newly joined, the cost sharing involved before January 31, 2019 will be borne by ant financial services, and users do not need to pay.

Users who do not choose to upgrade will stay in the original plan to participate in the allocation.

(7) Is there any change in the operation subject when upgrading from "mutual protection" to "mutual treasure"?

Yes, the original "mutual insurance" is underwritten by the insurance company Xinmei mutual insurance, and the relevant protection is jointly provided by Xinmei mutual insurance and ant financial services, while the new "mutual insurance" is an online mutual assistance program independently operated by ant financial services.

(8) Who will be responsible for the verification of mutual aid application cases?

In the new "mutual treasure", the verification of mutual aid application cases will be in the charge of ant financial services, and we will entrust it to a professional third-party assessment agency for investigation and processing.

(9) At present, what is the status of the original "mutual insurance" application? Who is responsible for the verification of the existing mutual assistance application cases?

Since the launch of mutual insurance on October 16, at present, 10 users have initiated mutual assistance applications, but have not submitted relevant information. Xinmei will continue to participate in the investigation and verification of these 10 applications.