Generally speaking, it refers to a credit card business risk management method in which the issuing bank signs an agreement with the relevant insurance company to pay a certain insurance premium every year according to the regulations, and the insurance company is responsible for compensation when the risk loss stipulated in the contract occurs. This kind of credit card insurance is commonly known as "lost card insurance business", which mainly includes credit guarantee insurance and credit card accident liability insurance.

Credit card credit guarantee insurance is an insurance that an insurance company takes the credit card department of a bank as the applicant and the insured, and compensates the cardholder for irreparable economic losses caused by other reasons.

Credit card accident liability insurance is a kind of insurance that the insurance company takes the cardholder as the insured and compensates the cardholder for irreparable economic losses caused by the stolen credit card or fraudulent use by others before the effective date of loss reporting stipulated by the credit card department.