In the sense of justice, the meaning of insurance is to provide Alipay-Zhixin with a proof that Alipay's products are safe. If there is any loss, we can compensate. Compared with banks, insurance can provide compensation (have you ever heard of any bank account that can compensate for stolen money? ), this is the most basic and substantial significance of Alipay insurance. If you need to cancel, you can contact customer service.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.