Reasons for the shutdown of Huzhu Bao:

1. Regulatory reasons. During the rectification of Ant Group, one of the reform contents is to bring Ant Group into supervision as a financial group as a whole. As a mutual treasure business under Ant Group, it faces a dilemma. First, it will terminate the mutual treasure business and sell it separately; The second is to bring the mutual treasure business into supervision.

The second method obviously doesn't work. Mutual treasure is not insurance, but a platform for mutual assistance, which is not applicable to the current insurance law. It is impossible for regulators to issue separate regulations for mutual treasure, and the only way is to divest and sell it.

2. Mutual Treasure is shared equally twice a month. As the amount of sharing is constantly increasing, more and more people launch it, and the number of people who quit it every month is 1 million-2 million. While there are still 75 million users, they can sell it at a better price.

3. learn from the exit mode such as mutual assistance of water droplets, and transfer insurance to users. After Mutual Insurance stops running, users can switch to commercial critical illness insurance for one year, with three months' premium free of charge, and then deduct the commercial insurance premium every month.

Huzhu Bao is a kind of mutual aid behavior, which belongs to a payment-based mutual aid plan, very similar to the critical illness insurance of commercial insurance, and sometimes it will be directly given to the service center as long as the attached drawings and the conditions agreed in his contract.

For example, if you join this mutual aid treasure and suddenly have cancer after seven or eight months, if your illness meets the claim conditions, mutual insurance will give money to people with cancer. As long as you join at the age of -39, if you can meet the conditions stipulated in the contract, you can get a mutual aid of 3, yuan. If you are older, that is, people aged 4-59 will join, and if you meet the corresponding conditions later.

mutual treasure has 75 million users, assuming that 3 million people accept the re-insurance scheme, it is conservatively estimated that the per capita premium 3 yuan can bring 9 billion premium income every year, and according to the commission of 3%, it can get 27 billion income.

With the increase of the number of participants, the number of people out of danger remains high, with 4, people out of danger every period. Although the management fee charged is about 1 million per month, the cost of investigation and management will also increase.

the rise and fall of mutual treasure platform depends on the number of participants, the amount of sharing, the policy environment and the expectations of users. Even if the policy allows, according to the current number of people who quit each issue, it will be closed after two years, which is only a matter of time.