Alipay has launched a free health insurance service in partnership with Taikang Insurance (泰康保险). The new service allows users under the age of 60 to get certain amount of insurance coverage every time they make offline payment with their Alipay Wallet, underlining Alibaba’s ambition to beef up its presence in the country’s vast but underdeveloped online health insurance market.

Dabing Wuyoubao (welfare version) (大病无忧宝(福利版) in Chinese; literally critical illness worry-free treasure) will come into effect once users click a link saying “immediately receive” on the Alipay app interface. With an increasing number of payment transactions,  the insurance coverage will keep accumulating, until it reaches a cap of RMB 2,000.

This critical illness insurance, which does not require users to have medical examination before getting insured, will cover users for a term of one year. During the insurance term, if a user is diagnosed with any one of the 25 major diseases specified in this insurance policy, he can file a claim in-app as long as he fills in information on his diagnosis and upload materials of proof relating to the claim. And if the claim is accepted, the user will get a payout.

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.