Recently, many true love fans have been consulting Brother Xi about the performance insurance of p2p platform. Many people think that the performance insurance of p2p platform will be safe and worry-free. In the future, choosing a reliable P2P financial platform will depend on whether you have signed the performance insurance with an insurance company.

this idea is not feasible.

according to the new asset management regulations, no financial institution is allowed to promise to protect the principal and interest during publicity, and must give a risk warning. on the other hand, the regulatory authorities encourage online lending institutions to introduce third-party financing guarantee companies or carry out financing project guarantees with insurance companies to protect investors' principal and interest.

However, in view of the fact that there are many modes of cooperation between online lending platforms and insurance companies, and the status quo of mixed publicity, many platforms seem to be specious performance insurance products to mislead investors. Before the extension of grass-roots investment, China People's Property Insurance Co., Ltd. provided "double insurance".

what is performance insurance?

Simply put, when the borrower fails to pay back the money, the insurance company will pay back the money for him, so as to guarantee the fulfillment of the agreement.

to a certain extent, performance insurance can still protect investors' risks.

the platform that P2P financial platform can cooperate with insurance companies has been evaluated and recognized by insurance companies to a certain extent, which reflects the relatively strong strength of the platform to a certain extent.

so, what types of protection are there for p2p platform to cooperate with insurance companies?

Insurance companies have rich business cooperation with online lending platforms, including account fund insurance, performance guarantee insurance (hereinafter referred to as "performance insurance"), borrower safety insurance, collateral guarantee insurance, etc. Among them, performance insurance is the most favored by investors.

Up to now, there are three forms of cooperation between online lending platforms and insurance companies:

First, investors take out account security insurance, and when the account loses, the insurance company promises to pay for the stolen account under certain conditions. This kind of situation is less likely to happen, which is to protect the stolen account and ensure the overdue bad debts of the products you invest in. Don't regard this kind of insurance as performance insurance.

second, the platform cooperates with the insurance company, and the online lending platform sets up a special deposit account, and the insurance company underwrites the funds in the special account, and when the investor suffers losses, the deposit will pay first.

third, for each specific asset of the online lending platform, a financing performance guarantee insurance is issued one by one to cover the full principal and interest of the asset, and the insured or the first beneficiary in the insurance policy is clearly the investor who purchases the asset.

objectively speaking, of the above three modes of cooperation, only the third mode can really bring investors safe and steady income.

before you invest, you must understand these points!

1. Is it clear that all the targets are covered by performance insurance?

the cost of P2P performance insurance is not low, so some platforms only handle performance insurance for some products, but in the publicity, they advertise that P2P financial platform has handled performance insurance for all products.

Therefore, investors should first know whether the target they want to invest in is insured with performance insurance when choosing the investment target. In addition, investors also need to take screenshots of the contracts on the website in time to prevent the risk platform from modifying relevant information.

Take Xiaoyingwangjin as an example. From official website, Xiaoyingwangjin only guarantees some products within 12 months, not all products, so investors need to choose good products when investing in products.

pleasant loans only provide direct performance insurance protection for 6.8% of products in 12 months.

2. Find out several elements of P2P performance insurance products

Investors should not only pay attention to whether the specific products they invest in are covered by P2P performance insurance, but also find out who the insured is, what the insurance liability is and what exemption clauses they have in the insurance contract text. This information determines the safety factor of the invested P2P financial products.

3. Pay special attention to the coverage of P2P performance insurance

If the photos of performance insurance contract terms uploaded by P2P financial platform are not clear, be sure to ask P2P financial platform to provide clear insurance contract documents of the subject matter. Check whether the coverage of P2P performance insurance is to protect the principal and interest, or only to protect the principal and interest, or to pay in full or only in part. Investors can't just see that there is performance insurance and think that once a risk occurs, they will pay for it with guaranteed capital and interest. They should read the terms of the contract clearly.

4. The performance insurance will not be covered in case of platform running and liquidation.

The reason why insurance companies are willing to cooperate with p2p platform is because of profit. Insurance companies have money to earn, so cooperation with the platform and advance payment for overdue borrowers are based on the good operation of p2p platform itself, and insurance companies will not make any advance payment in case of platform running away or liquidation.

before the extension of grass-roots investment, it was linked up with China People's Property Insurance Co., Ltd. to provide "double insurance". After the extension of the platform, the relevant publicity was immediately dropped, and China People's Property Insurance Company Guangzhou Branch also made a relevant announcement and did not cooperate with grass-roots investment, so it is not known whether it really did not cooperate.

Bee Money has cooperated with PICC P&C Insurance and Taiping Insurance. Due to the tight liquidity of the industry, Bee Money directly split the plan into bulk bids, and the insurance company will not make any advance payment.

5. Performance insurance on the platform will definitely increase the operating cost

According to Brother Xi, the cooperation cost between the platform and the insurance company for performance guarantee insurance is very high, which will at least reduce the income of investors by 1-2 points, so many platforms are reluctant to spend money on insurance companies, so if they take performance guarantee insurance, the interest rate will not be much higher than that of the money fund.

Generally speaking, the performance insurance is put on the platform, and the funds lent by investors are guaranteed. It is a development trend to cooperate with insurance companies to ensure the safety of lenders' funds.

Brother Xi hopes that investors can learn to choose and analyze reliable online lending platforms by themselves. On the one hand, investors should keep their eyes open and learn to distinguish between account security insurance, risk margin security insurance, online lending platforms for performance insurance and investment targets.

On the other hand, underwriting performance insurance or guarantee agency liability insurance for the investment target does not mean that there is no risk, but there are special risks including the limitation of claims, whether it is an insurance exemption clause, and whether there is systematic risk of insurance companies.