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                           September 19, 2023

       Guang Yang
       Vice President of Finance
       Waterdrop Inc.
       Block C, Wangjing Science and Technology Park
       No. 2 Lize Zhonger Road
       Chaoyang District, Beijing 100102
       People   s Republic of China

                                                        Re: Waterdrop Inc.
                                                            Correspondence
dated August 29, 2023
                                                            Form 20-F
                                                            For the Fiscal Year
Ended December 31, 2022
                                                            Filed April 17,
2023
                                                            File No. 001-40376

       Dear Guang Yang:

              We have reviewed your August 29, 2023 response to our comment
letter and have the
       following comments. In some of our comments, we may ask you to provide
us with information
       so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

             After reviewing your response to these comments, we may have
additional
       comments. Unless we note otherwise, our references to prior comments are
to comments in our
       August 10, 2023 letter.

       Correspondence dated August 29, 2023

       Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent
Inspections, page 153

   1.                                                   We note your response
to prior comment 9. We also note from the information about Dr.
                                                        Peng Shen on page 116
of your Form 20-F that he is a member of the Standing Committee
                                                        of the Beijing
Federation of Industry and Commerce. Please provide us with the following
                                                        information:

                                                              Tell us more
about the Beijing Federation of Industry and Commerce, including
 Guang Yang
Waterdrop Inc.
September 19, 2023
Page 2
           whether it is affiliated with the All-China Federation of Industry
and Commerce and
           whether it has any ties to the Chinese Communist Party.
             Tell us whether Dr. Shen is a member of the Chinese Communist
Party. We note that
           your response to prior comment 9 only addresses whether he is an
official of the
           Chinese Communist Party.
             Tell us whether Dr. Shen has any current or prior memberships on,
or affiliations
           with, committees of the Chinese Communist Party or any organizations
led by or
           with significant ties to the Chinese Communist Party.
             Confirm, if true, that you continue to believe Dr. Shen is not an
official of the
           Chinese Communist Party. In so doing, address how you considered the
above
           factors.

        You may contact Michael Henderson, Staff Accountant at (202) 551-3364
or Robert
Klein, Accounting Branch Chief at (202) 551-3847 if you have questions
regarding comments on
the financial statements and related matters. Please contact Madeleine Joy
Mateo, Staff Attorney
at (202) 957-9365 or Susan Block, Staff Attorney at (202) 551-3210 with any
other questions.
Contact Austin Pattan at (202) 551-6756 or Jennifer Thompson at (202) 551-3737
if you have
any questions about comments related to your status as a Commission-Identified
Issuer during
your most recently completed fiscal year.



                                                           Sincerely,
FirstName LastNameGuang Yang
                                                           Division of
Corporation Finance
Comapany NameWaterdrop Inc.
                                                           Office of Finance
September 19, 2023 Page 2
cc:       Yuting Wu
FirstName LastName