That thing is called dragon blood. The raw material is Dracaena cochinchinensis of Liliaceae or Dracaena cambodiana resin. Effective in promoting blood circulation, removing blood stasis, relieving pain, stopping bleeding, promoting granulation and healing sores. Indications: traumatic swelling and pain, internal injury and blood stasis; Traumatic bleeding, scrofula, scabies and long-term ulcers.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.