Compensation amount = (the applicant's unpaid loan principal+loan interest-the compensation obtained by the insured through the realization of mortgage) ×( 1- no odds) In the above formula, the loan interest is the loan interest generated by the unpaid loan principal at the interest rate agreed in the loan contract, and the calculation time is from the date when the applicant fails to fulfill the loan repayment obligation to the date when the loan period expires or the insurance accident is closed (whichever comes first). The deductible is subject to the specific rate specified in the insurance policy, but the minimum is not less than 10%.

Automobile consumption loan guarantee insurance refers to a kind of guarantee that the lender repays the loan to the automobile party through the entrusted insurance company. When the lender is unable to repay the loan, the remaining repayment work is carried out through guarantee insurance. This way reduces the risks in the process of loan, ensures the personal consumption life of the lender, and at the same time turns the loan to the insurer.