There are three main reasons behind it:

1. Supervision reasons. During the rectification of Ant Group, one of the reform contents is to bring Ant Group as a financial group into supervision as a whole. As Ant Group's Xiang Hu Bao business, it faces a dilemma. One is to terminate the Hu Hu Bao business and sell it separately; The second is to bring the mutual treasure business into supervision.

The second option is obviously not feasible. Huhubao is not an insurance, but a mutual aid platform. It does not apply to the current insurance law. It is impossible for regulatory agencies to issue separate regulations for Huhubao. The only way is to spin off and sell it.

2. Xiang Xiangbao is evenly amortized twice a month. Since the amortization amount does not increase, more and more people are launching it. The number of people quitting every month is 1 million to 2 million. While there are still 75 million users , you can sell it at a better price.

3. Learn from exit models such as Shuidi Mutual Assistance and transfer insurance to users. After Xiang Hu Bao ceases operation, users can switch to commercial critical illness insurance for one year and receive three months of free premiums. Commercial insurance premiums will be deducted every subsequent month. < /p>

As the number of participants on the Xianghubao platform increases, the number of accidents remains high. 4,000 people are in danger in each period. Although the management fee collected is about 100 million per month, the cost of investigation and management will also increase. The increase in the amortization amount has intensified people's concerns about the future reliability of Xiang Hu Bao, further triggering an increase in the number of withdrawals, and early termination is also a strategy.

The success or failure of the Xianghubao platform depends on the number of participants, the average amount, the policy environment and user expectations. Even if the policy allows it, based on the current number of exits per period, it will be shut down in two years. It is only a matter of time.

1. Advantages of Xiang Xiang Bao

Cheap insurance premiums:

According to Alipay’s statistics, as of the first issue in September 2019, Xiang Xiang Bao has rescued a total of There are 2839 people, and the incidence rate of serious diseases is only 0.003%. Among them, big data shows that the per capita allocation is only 3.06 yuan. It is also estimated that the per capita allocation in 2019 is only about 30 yuan. This amount is the price of a cup of milk tea. The maximum amount of 30 yuan in the mutual aid plan can be obtained in case of serious illness. 300,000 in compensation, isn’t that great!

The threshold is low and you can exit at any time:

As long as you meet Xiang Xiangbao’s health notification requirements and Alipay’s Sesame Credit reaches a certain score, you can join.

But if you feel it is not suitable later, or if there are other better protection tools to avoid risks, everyone can withdraw at any time without any psychological burden or decision-making cost. This shows that Xiang Xiangbao is very nice!