News Life and Health10 May 2019

China:Major FinTech player extends health insurance plan to elderly

Ant Financial has launched a health insurance plan for seniors aged between 60 and 70 years which gives pay-outs of up to CNY100,000 ($14,700) if the insured is diagnosed with cancer, according to a report from state news agency Xinhua. The plan is offered through Alipay and is an extended version of existing online healthcare platform, 'Xiang Hu Bao', which means 'mutual protection'. The original version of the platform is open only to customers aged 59 years and below who meet the basic health criteria.

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