Ant Financial is redesigning financial products from money market funds to consumer credit that have long been dominated by state-owned Chinese behemoths. Photo: AFP

Ant Financial disrupts old school health insurance in China, attracts 50 million users to its newly launched protection plan

  • Plan pays out up to US$45,000 to members who fall critically ill
  • Ant will take an 8 per cent administrative fee out of every payout
Topic |   Health in China

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Ant Financial is redesigning financial products from money market funds to consumer credit that have long been dominated by state-owned Chinese behemoths. Photo: AFP
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