Internet insurance Company All online today the first product of the public Le Bao

December 5 Afternoon news, Internet insurance companies in the online today on-line the first product "Chung Le bao." This product for Taobao merchants, to provide business margin guarantee services to ease the problem of liquidity tight business.

This is called "Chung Lok Bao-margin plan" products for Taobao 9 million sellers of the performance capability. According to Taobao rules, Taobao merchants need to pay a deposit to Taobao to trade. But for some small sellers, this part of the margin may occupy one of their few liquidity. If the merchant buys "all Le Bao", as long as pays 30 yuan the premium to be possible to retrieve own margin. Merchants in Taobao credit by the "Chung Lok Bao" to guarantee.

It is understood that "Chung Lok Bao" for the seller set up two accounts: Cash accounts and credit accounts. The seller can convert the Cash account amount into a credit account limit by "One key conversion", and the remaining funds after one year's premium will be immediately unfrozen to the seller's Alipay account.

"Chung Lok Bao" in the claims process implementation of "advance, after the recovery of compensation." Once the buyer and seller of rights disputes, the need for the buyer to pay the store, "all Le Bao" will advance the claim, and then the seller after the money.