"4 yuan, the first share of funds, less than a year in 200 yuan, and the critical illness insurance on the market at least from 400 yuan. Why are mutual treasures so cheap? " Many users have had this question.
In fact, the reason why mutual insurance is cheaper than all kinds of insurance is related to its nature as a mutual aid plan.
Unlike commercial insurance companies, mutual insurance and mutual assistance programs are more like a public welfare undertaking. As long as users meet the health requirements and pass the comprehensive credit evaluation, they can join Mutual Treasure for free. Any member suffering from a serious illness can apply for a mutual fund of up to 300,000 yuan, and the expenses will be shared by all members, which is equivalent to "one person is sick and everyone pays the bill".
Guo Jinlong, director of the Insurance and Economic Development Research Center of China Academy of Social Sciences, once praised the core values of mutual insurance and mutual assistance, which played a positive role in improving China's multi-level medical security system.
More directly, the public welfare nature of mutual treasure is also reflected in its loss-making state.
As an organizer, manager and server, Mutual Treasure Platform only charges 8% management fee. We should know that the data released by trade associations show that the management expenses of non-life insurance companies are nearly 40%, that of life insurance companies is nearly 20%, and some are 19% or 17%.
In contrast, the management fee of mutual treasure is at least half lower, resulting in the loss of mutual treasure so far. But from another point of view, more money is spent on helping seriously ill members, so the cost that everyone has to share is naturally reduced.
In addition, unlike the market, the pricing of various insurance products is usually higher than the risk premium insured. Mutual treasure has the characteristics of "real name registration system", "no fund pool", "whole risk control" and "openness and transparency", so that all members can see where mutual treasure's money comes from and where it is spent. Unlike the "opacity" of the insurance industry, such fairness and openness also make mutual treasures have no premiums.
After a careful look at the platform data of Mutual Treasure, it is found that its low allocation amount is also related to its membership characteristics.
At present, mutual treasure has more than 654.38+007 billion members, with a huge membership base, making it the largest mutual aid platform in the world. And the members are young, accounting for more than 80% after 70, 80, 90 and 10.
Users with large base and younger structure are doomed to have a low incidence of serious illness among mutual insurance members. The incidence of serious illness in the past 12 months was only 0.048%, which was about half of the traditional insurance industry. Therefore, it is reasonable to share seven or eight dollars a month with each other.
As the saying goes, "when people gather firewood, the flames are high." The essence of the mutual treasure plan, the characteristics of fairness and openness, the management fee at least half lower than that of insurance companies, and the young members with a large base all doomed its cheapness.
Most importantly, mutual treasure is not only cheap, but also inspires the public's understanding of critical illness protection and builds a barrier against risks for ordinary people.