There are two situations to buy insurance:

1, Property Insurance: You need to use loans to insure your own projects, and you need to pay premiums. For example, for a loan of 654.38+10,000 yuan, you need to insure the equipment, goods and operating responsibilities of this project. You need to insure the insurance amount of 1.5 million yuan, because property insurance can't pay 1.00%, so the insurance amount is greater than the loan amount. The rate depends on your specific situation. The beneficiary is a credit union.

2. Personal insurance: You need to insure your own personal life risk and ask you to pay the premium yourself. Check the insured amount according to the amount of your loan. For example, if the loan is 654.38+10,000 yuan, you have to pay 200 yuan for personal insurance with the insurance coverage of 654.38+10,000 yuan, and the beneficiary is the credit union.