On December 28, Ant Group's network mutual aid insurance "Mutual Treasure" announced that it will stop running at 24:00 on January 28, 2022, and the existing members will no longer participate in the mutual aid sharing, and the original deduction today and the two installments of the apportionment in January 2022 will be borne by the Mutual Treasure platform.
In addition, a sick member who was initially diagnosed before 24:00 on January 28, 2022 and who was in the mutual aid scheme at the time of diagnosis can still initiate a mutual aid application within 180 days from the date of the hospital's initial diagnosis.
The announcement shows that since its launch in 2018, the platform has more than 100 million members and rescued more than 179,000 sick members. The mutual assistance industry has undergone major changes in the past year, and it has decided to shut down in order to protect the rights and interests of all members in the longer term.
According to the mutual treasure platform, so far, a total of 25.937 billion yuan of mutual aid funds have been raised. According to the previous deduction requirements, the 14th and 28th of each month are the apportionment days, and the apportionment amount of each period is the total amount of protection and 10% of the management fee of the insurance case publicized in the current period, and the amount apportioned by each member for a single sick member does not exceed 0.1 yuan. Depending on the type of insurance, users pay monthly payments in single digits or ten digits. Regarding the allocation of unused mutual aid funds, the mutual treasure side has not responded.
According to the relevant agreement, the initiator of Mutual Treasure is Ant Member (Beijing) Network Technology Service Co., Ltd. (hereinafter referred to as "Ant Member Company"), which was established in October 2017, and the legal person is Not Shao Xiaodong, which is controlled by Ant Technology Group Co., Ltd. and holds shares in Hangzhou Ant Future Technology Co., Ltd. In December, the supervisor of the company was changed from Hu Zheng to Wang Ziwen. Ant Member is involved in network service contract disputes, health insurance contract disputes and life insurance contract disputes.
According to incomplete statistics, meituan mutual aid, easy mutual aid, water drop mutual aid, Wukong mutual aid, millet mutual aid, 360 mutual aid, Ning Hubao, and bit and drop guardian have all been shut down, among them, water drop mutual aid indicates service upgrades, easy mutual aid means business adjustment, focusing on insurance and health services.
There is no shortage of controversy during the operation of mutual insurance. In November 2019, the country's first online personal serious illness help dispute was pronounced at the Chaoyang Court in Beijing. The court found that the fundraising promoter Mo concealed the property under his name, repeatedly rescued the funds raised on multiple platforms of Waterdrop Fundraising, and diverted the raised funds for other purposes in violation of the agreed purpose, constituting a breach of contract, so that Mo returned the fundraising 153136 yuan in full and paid the corresponding interest.
This article originated from Blue Whale Finance
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