Core Viewpoint - The "Hui Min Bao" is a city-customized commercial health insurance guided by local government departments, operated by insurance companies, and voluntarily subscribed by residents, serving as a supplement to basic medical insurance. However, a fraudulent scheme involving "Yiteng Hui Min Bao" has emerged, defrauding over 71 million yuan from more than 70,000 people across 30 provinces in China [1][2][3]. Group 1 - The "Yiteng Hui Min Bao" financial product was promoted through various channels, including the internet and short videos, with annual fees ranging from 500 to 1200 yuan based on age and region, claiming low prices and no deductibles [2][3]. - The operating entity behind "Yiteng Hui Min Bao," Dalian Yiteng, was established on September 11, 2023, and lacks the necessary qualifications to operate insurance business as it is not approved by the National Financial Supervision Administration [2][3]. - The company used forged government documents to create a false impression of legitimacy and solicited customers directly in hospitals, leading to widespread participation [3]. Group 2 - The fraudulent scheme resulted in significant financial losses, with illegal operations amounting to over 71 million yuan and extensive outreach across 30 provinces, leading to the establishment of branches in 15 cities within less than a year [3]. - Law enforcement has arrested 23 suspects and shut down the fraudulent operations, including the "Yiteng Hui Min" WeChat insurance application, with the case being formally prosecuted [3]. - Experts warn consumers to be cautious of fake insurance products and emphasize the importance of verifying the legitimacy of insurance offerings through official channels [4][5][6].