Borrowers will ask borrowers to buy insurance when they borrow money from credit cooperatives. Some credit cooperatives are forced to buy insurance, and the insurance price is different. Please consult your local credit union for details.

The loan of rural credit cooperatives refers to the behavior that natural persons or legal persons obtain funds from rural credit cooperatives in accordance with the prescribed conditions and procedures, and agree on the amount, term and interest rate, and repay the principal and interest of the loan at maturity.

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