Hello, mutual insurance refers to an insurance method in which a group of people with common needs voluntarily organize themselves and pay the fees to set up risk compensation payment. When the insured members have demand, the payment will be subsidized according to their insurance proportion. For example, Alipay's mutual treasure is a kind of mutual insurance. Mutual insurance is not an individual behavior, but a group behavior. Its emergence and expansion are the common aspirations of many people and the common needs of every insured person. The selection and determination of insurance items need to meet the common wishes of most participants. However, it is entirely voluntary to mobilize individuals to participate in insurance, and it is not forced in any way or in disguised form, so its emergence and development have an official mass base. It is an organization initiated by the masses, funded by themselves and helping each other. Its basic point is to help each other from time to time. This kind of mutual assistance is different from the compulsion and subjective self-protection of national laws and regulations. Instead, we use the "law of large numbers" to help most people help the losses of a few specific people, which is the basis for the existence of mutual insurance. Mutual insurance is initiated by non-governmental organizations and always appears in the form of self-management and government encouragement. The management and operation of the fund aims at social welfare and is a form of seeking welfare for employees. It has the characteristics of democracy and flexibility.

Democracy:

Mutual insurance is based on the insured's democratic leadership decision-making in fund raising, the determination of security level, the choice of security items, the preservation and appreciation of principal, etc. It is a kind of security insurance with low investment and high compensation.

Flexibility:

Mutual insurance is between social insurance and commercial insurance. It can absorb their advantages and avoid their shortcomings. It is easy to use and operate. Due to the unbalanced economic development, industries and enterprises in different industries and regions can flexibly establish insurance coverage and claim settlement methods according to their own actual conditions, so they can have their own characteristics and various forms.

Because mutual insurance is group payment and group sharing, the cost shared each month may be different, depending on how many people share it together, so there is no fixed figure, so you need to calculate it according to the actual situation.