Mutual funds are generally a kind of public welfare insurance established by local governments or authoritative organizations. That is, the masses pay a certain amount of money, and when they encounter difficulties, they can find the agency to reimburse some money.

"mutual fund" products: rely on platforms such as chambers of commerce and associations to introduce target customers, and form a "mutual fund pool" according to a certain proportion of funds paid by customers, which is a personal business loan with the main guarantee method. For banks, it has the characteristics of introducing customers in batches, solving information asymmetry, small credit amount, scattered risks and obvious comprehensive effect of driving customers. At the same time, for customers, it can make small and micro customers warm up, find a better guarantee method, reduce financing costs and reduce guarantee chain risks.

Mutual fund is a kind of money raised by non-governmental organizations spontaneously. It is an organization organized by colleagues, friends or fellow villagers. A group of people agreed that each person would pay a donation and put it together as a public asset.

What are the characteristics of mutual funds?

1. Mutual funds are generally a kind of public welfare insurance established by local governments or authoritative organizations. That is, the masses pay a certain amount of money, and when they encounter difficulties, they can find the agency to reimburse some money.

2. Introduce target customer groups by relying on platforms such as chambers of commerce and associations, and form a "mutual fund pool" based on a certain proportion of funds paid by customers, which is a personal business loan with the main guarantee method.

3. For banks, it has the characteristics of introducing customers in batches, solving information asymmetry, small credit amount, scattered risks and obvious comprehensive effect of driving customers. At the same time, for customers, it can make small and micro customers warm up, find a better guarantee method, reduce financing costs and reduce guarantee chain risks.

4. Due to the development of modern Internet, there is a kind of mutual insurance that is the type of mutual assistance. Nowadays, most modern internet mutual aid enterprises adopt the mode of one person getting sick and many people helping.

Legal basis:

Article 28 of the Social Insurance Law of the People's Republic of China

Medical expenses that meet the basic medical insurance drug list, diagnosis and treatment items, medical service facilities standards and emergency and rescue shall be paid from the basic medical insurance fund in accordance with state regulations.