What is the performance insurance introduced by Jiufu? What does it do?

Performance insurance is a type of insurance, and for online lending platforms, the main content of performance insurance is that the policyholder (i.e. the borrower) fails to perform the repayment obligation in accordance with the loan contract signed with the insured (i.e. the lender), and the policyholder defaults on any period of arrears above the period agreed in this insurance policy, the insurer shall compensate the insured according to the compensation method agreed in this insurance contract for the loan principal that the policyholder should repay but has not repaid, and the corresponding interest agreed in the insurance contract.

To put it simply, when the borrower is unable to repay the loan, the insurance company will compensate the investor, so that the investor's capital is at zero risk.

It sounds very good, the regulations don't allow the platform to guarantee the principal and interest, so it's okay now, and let others continue to guarantee the principal and interest for us.

First of all, the idea of guaranteeing principal and interest is not right, and secondly, even platforms with performance insurance are still risky.

The most obvious is the fake performance insurance. The online lending platform did not reach a cooperation with the insurance company, but only took advantage of the investors' misunderstanding of performance insurance to carry out false publicity. It may be that the platform has cooperated with the insurance company, but there is no specific underlying agreement.

For example, the previous grassroots investment claimed to have an agreement with PICC property insurance, but then was clarified and slapped in the face by PICC, but in fact, it only had business cooperation and did not have an insurance contract.

When investors see performance insurance, they feel that if there is a bad debt, they will definitely be paid in full by the insurance company. In fact, some compensation is paid on a pro-rata basis, while others are only principal and not interest-guaranteed.

There are also exemption clauses in the cooperation agreement of platform performance insurance. This exclusion clause may make it clear that the policyholder or insured person will not be compensated for breach of certain clauses.

Then there is the platform, only some of the targets have performance insurance, not all of them. Quite simply, this is because insurance companies will choose relatively high-quality assets for underwriting, and poor-quality assets will make insurance companies lose a lot, and insurance companies will definitely focus on profits. The assets of online lending platforms are uneven, and not all assets can meet the requirements of insurance companies, so investors should also see whether the target has performance insurance when investing.

Therefore, it is best to go to the official website of the insurance company to check the authenticity of the performance insurance, and there is a risk in re-investment, and financial management needs to be cautious, and diversification can better resist risks.

The effect of this performance insurance is that if the loaned funds are overdue, the insurance company will pay the borrower's principal and interest, that is, the user's capital income is more secure, and these two are state-owned listed insurance companies, so there is no safety to say.

It is equivalent to buying insurance for users, which is very safe for the lender's funds.

Jiufu did not pay, and the insurance company paid for it.

This is for the borrower with a loan term of one year, once it is overdue, Taiping Property Insurance and PICC Property Insurance will pay the principal and interest to the lender; For borrowers with multi-year loan terms, Guangdong Success Guarantee will repay the special fund account of the supervision guarantee plan within the account balance limit.

China Taiping and Chinese People's Insurance are both state-owned insurance companies, PICC was also listed some time ago, and now both are also state-owned listed insurance companies.

If the borrower does not repay the loan and there is no money in the insurance protection account, Taiping will subvert it for the borrower, in fact, what is said is that since Taiping Insurance cooperates with Jiufu The premise is that Taiping must want to make money, and it has a certain certainty that the insurance company does not need to advance money. Otherwise, he can find a random company, judging from the current number of insurance companies and financial management platforms, in fact, insurance companies are also very cautious in their choice.

It mainly depends on the agreement of the insurance policy and the insurance contract. Focus on disclaimers, odds-free, and waiting periods. Some have high free odds and long waiting periods.

The regulations vary from insurance company to insurance company. Due to the requirements of regulatory policies, the mutual fund platform cannot do asset management business, and can only carry out strict point-to-point business, so insurance companies can only connect through the system. There are not many P2P performance insurance on the market, such as Jiufu, Bangronghui, etc., and the policy can be issued to the lender, which is more reliable.

Some platforms operated by financial asset trading venues also issue products with additional performance insurance, such as Nanjinquan, and the insurance policy is issued to the issuer, which is also more reliable.

Jiufu Wealth Management is currently one of the few platforms with performance insurance.

Investment is risky, and financial management needs to be cautious.

If you haven't learned about this platform, it is recommended to choose carefully.

Jiufu is one of the leading brands in the financial industry, so far there have been 13 years of compliance operation, with a total of more than 60 million registered users, in recent years, and Taiping Property Insurance, PICC Property Insurance, these listed state-owned enterprises have signed performance insurance, and the funds are deposited in Huaxia Bank, it can be said that the development is very stable and fast, the strength is still very strong.

This is a P2P platform, financial management is risky, investment needs to be cautious!

Wukong financial management and Jiufu wallet.