1. Microinsurance is a mechanism that provides insurance protection for low-income people based on insurance operating principles. The insurance amount is small, the premium is low, the insurance period is short, and the product form is generally risk protection. Type, insurance and claim settlement methods are relatively simple, and it is basically a low-profit operation.

2. Small loan guarantee insurance refers to an insurance that provides a guarantee for the behavior of small loan borrowers or borrowing companies. The person or company who applied for the loan is overdue due to various reasons during the repayment period. The bank will pursue the repayment. If it still cannot fully repay the remaining loan, the insurance company needs to repay the remaining balance and interest to the bank in accordance with the contract.

3. Today, when the microcredit loan mechanism for small and medium-sized enterprises is still immature, bundling insurance and loans is a good innovative model that can further solve the financing problems of small and micro enterprises. It provides low-cost financing support to small and medium-sized enterprises, thereby promoting the rapid development of small and medium-sized enterprises.

4. Credit loans are generally within 150,000 yuan, and 150,000 yuan can be used for personal consumption, but it is too little for business operations, and many small and micro enterprises lack guarantees and property mortgages. Apply for small loan guarantee insurance. Through insurance, many small and micro enterprises can obtain loans quickly.