Alipay is actively expanding its business into insurance businesses with new version 8.2 offering four types of insurance packages.
Right now, Alipay mobile users upgraded to version 8.2 can see four insurance packages: one health insurance, two related to travel, and one charging only RMB 19.9 (USD 3.2) with one year’s insurance on mobile phones’ screens.
Some internet users comment that only when the screen is damaged the second time, Alipay insurance covers. Alipay has not yet comments on this.