The children's mutual fund was purchased in the local medical insurance department. Initially, the Children's Mutual Fund was a medical mutual fund to facilitate the hospitalization of infants. Children's hospitalization mutual fund is usually a non-profit social welfare undertaking based on the principle of "mutual assistance", led by the municipal people's government organization and the health administrative department, and coordinated by other departments. It can solve the problem that children are ill and hospitalized. Children's mutual funds can also be purchased by students and children in schools and kindergartens. We should know that children's mutual funds are not profitable. In addition to individual contributions, children are also subsidized by the government. There are no special restrictions on the health status of the insured, and all kinds of students and children who meet the conditions of insurance can participate.

Children's mutual fund

1. Insured children don't have to pay 50% advance payment when they are hospitalized.

2. The Children's Hospitalization Foundation will reimburse 50% of the medical expenses (after deducting the deductible) incurred when the insured children are hospitalized. It should be noted that if the insured child suffers from major diseases such as leukemia and malignant tumor, and there is no threshold, the medical expenses incurred will be directly reimbursed 50%.

Mutual funds are generally a kind of public welfare insurance established by local governments or authoritative organizations. That is, everyone pays a certain amount of money, and when they encounter difficulties, they can find an agency to reimburse some of the money. Products mainly rely on chambers of commerce, associations and other platforms to introduce target customers, according to a certain proportion of the funds paid by customers, personal business loans mainly in the form of guarantees. For banks, it has the characteristics of introducing customers in batches, solving information asymmetry, small credit line, 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 better guarantee methods, reduce financing costs and reduce the risk of guarantee chain. "Mutual fund" products mainly 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. It is a personal business loan mainly based on guarantee.