Based on the development and the product design of Huimin insurance in China,the research finds that attribute of inclusive finance of Huimin insurance provides effective financial services for the disadvantaged groups in demand. Moreover,the product design where the government and insurance companies are involved enriches the differentiation design of the medical security system in China. However,there is a risk of “death spiral” in the operation of Huimin insurance in China. There are multiple insurances in one city,but the product differentiation is insufficient. And the scope of popularization is the main cities in provinces. In view of the current situation of Huimin insurance,this paper proposes measures from four aspects:management system,resource allocation,people's demand and platform construction. This paper learns from the experience of the provinces with better development of Huimin insurance,and provides suggestions for its sustainable development.