Whether Huzhu Bao is legal or not is a lie.

Mutual treasure is a serious illness mutual aid service launched on Alipay App on October 6th, 2065438+08+18/kloc-0. Members who join the service suffer from serious illness (the range is 100), and can enjoy the protection fund ranging from 300,000 yuan to 100 yuan, and the expenses are shared by all members. Up to now, mutual treasure has rescued 24 members in half a year, and the amount of assistance is divided equally among members, with per capita 0. 1 yuan.

Mutual Treasure also promised that the annual distribution amount in 20 19 will not exceed 188 yuan, and the extra part will be borne by Ant Financial, which is equivalent to a bottom. Members participating in the mutual aid program need to submit relevant materials (including identity documents, disease diagnosis, etc.) if they want to apply for mutual aid. On the application page, publicize the case and raise funds after investigation and review by the platform. Under normal circumstances, the mutual fund will be paid to the applicant within 1-3 working days.

On May 8, 20 19, Alipay launched a serious illness mutual aid plan after the "Old People's Mutual Aid Treasure".

Extended data

The initial "mutual insurance" is the "Mei Xin Life Insurance Company Mutual Insurance Group Critical Illness Insurance" jointly launched by Ant Insurance and Mei Xin Mutual Insurance Company. However, due to suspected violations, Mei Xin Life has now withdrawn, and "mutual insurance" has quietly become a "mutual treasure", changing the nature of the product.

"Mutual insurance" is an insurance product that has been filed with the China Insurance Regulatory Commission, and "mutual insurance" is just a form of mutual assistance based on the network platform without the participation of insurance companies, which is not essentially different from the crowdfunding model of platforms such as Drip Mutual Assistance and E Mutual Assistance. The "mutual treasure" serious illness mutual aid plan was initiated and implemented by Ant Member (Beijing) Network Technology Service Co., Ltd.

But "Mutual Treasure" has built-in Alipay, because the number of Alipay users is huge. Through the drainage of Alipay and the brand influence of Ant Financial, if the number of participants is large, the pool of common funds will be larger, and everyone will share less of the same amount.

Baidu encyclopedia-mutual treasure