Although the loan has been settled, the borrower's overdue situation still exists, but the lender has changed from a bank to an insurance institution, which is also a serious overdue behavior.
Why do you want to pay compensation is mainly because the platform allows users to purchase insurance services for risk reasons. You are right. This is the origin of the popular "surrender".
Some platforms deliberately blur the word insurance on the APP application page, so that users can click and agree to buy insurance in a muddle, so that there will be no big financial loss if they don't go to the platform in the future. Anyway, the money for insurance is paid by the user, and the overdue funds are compensated by the insurance company.
Of course, many companies now surrender their insurance, on the one hand, there are many complaints from users, on the other hand, because the premium is also included in the comprehensive interest, which has exceeded the prescribed interest rate. In order to "whitewash" myself, I will surrender my insurance.
Credit investigation has a payment record, and the consequences are more serious, far more serious than overdue. Although the arrears are compensated by the insurance company, once there is a compensation record on the credit information, your credit information may be hacked for life, no matter whether it is a loan to buy a house, a car or a credit card in the future, it is basically hopeless.
Therefore, users should repay in time after discovering overdue records, and don't delay any more, the more serious the delay.