Insurance compensation means that the policy loan applied for is repaid by the insurance company, because the lender of the policy loan is the bank and the insurance company provides the loan guarantee. If the borrower is overdue for more than 80 days, the bank will apply to the insurance company for compensation. At this time, loan insurance compensation will occur. After the insurance company compensates, the insurance company will recover the arrears from the borrower. If the recovery fails, it will affect the borrower's policy protection and rights enjoyment. Loan insurance compensation is a meeting of the central bank's credit investigation meeting. Many of these records will affect personal credit investigation. If it is overdue for 80 days, it should be repaid in time during this period, and the insurance company will not enter the compensation process; If loans overdue exceeds 80 days, the lending bank will apply for compensation. Will compensate the loan bank for the remaining arrears and overdue interest. Therefore, it can be seen from the personal credit report that the loan was settled and repaid by Ping An. Don't underestimate the insurance compensation, which may have a great impact.

1. Insurance subrogation is a basic system in insurance law. Its purpose is to provide double protection for the insured and ensure that the losses of the insured are fully compensated. At the same time, due to insurance compensation, it will not bring much benefit to the insured. The right of insurance subrogation, also known as the right of insurance subrogation, refers to the right of the insurer to exercise the right of subrogation to the third party responsible for the damage to the subject matter insured. The right of insurance subrogation is a creditor's right transfer system recognized by insurance laws in various countries based on the principle of insurable interest in order to prevent the insured from obtaining double interests. It is generally believed that the essence of insurance subrogation is the concrete application of civil reconciliation subrogation system in the field of insurance law. Under normal circumstances, people only have a slight credit overdue, and generally there will be no insurance compensation. If it is less than 3 months overdue, it will generally not enter the insurance company's payment process, and the lending institution still requires the borrower to repay it by itself. However, if the overdue time exceeds 90 days, and some loan companies exceed 80 days, the loan institution will apply to the insurance company for settlement, and the insurance company will repay the borrower's arrears, interest, penalty interest and other expenses.

In other words, if there is insurance compensation, this credit record means that your overdue time is relatively long, basically at least 80 days. This overdue record is serious and is no different from the blacklist. Once there is an insurance claim record in the credit report, whether you apply for a loan, a credit card or a housing loan, it will basically be rejected, so the credit record of the insurance claim is very serious. It is estimated that many friends are not familiar with insurance compensation. Many netizens said that once the insurance compensation appeared in the credit report, the credit of that life would be destroyed. Even some friends will say that the insurance compensation for bad credit information will accompany people's life. In fact, although the situation of insurance compensation is grim, as long as we take reasonable measures, we still have a chance to eliminate this adverse effect. The easiest way is to repay all the loans owed to financial institutions. The arrears here include principal, interest, liquidated damages and other expenses. As long as these fees are paid in one lump sum, the bad credit investigation will be eliminated after five years.