Category: Insurance tips Release Date: 2006-08-01
Involved in the housing market, consumer credit, insurance, mainly related to housing, insurance, life insurance and credit insurance three aspects.
1, housing and insurance
In China, the current insurance involved in the housing market, consumer credit insurance is the most important housing, insurance, new "Personal Housing Loan Management Measures" 25th stipulates: the property as collateral, and borrowers need to apply for housing before the signing of the contract insurance or the insurance agent commission lender procedures. Mortgage period, the insurance policy kept by the borrower. Housing, insurance, housing characteristics are the subject of insurance, if the collateral to obtain loans for housing in the event of insurance coverage during disasters or accidents (eg fire), lending, insurance companies, banks get paid, thereby eliminating the mortgage houses The risk of loans that may arise.
However, the housing consumption credit, not just facing the risk of collateral damage to housing, lending, banks will face the borrower dies before the completion of loan repayment, or loan repayment period in personal income and are unable to continue performance deterioration in loan repayment, etc. risk. Therefore, life insurance and consumer credit, credit insurance involved in the housing market has become imperative.
Second, mortgage life insurance
Involved in the housing market, consumer credit, life insurance generally known as mortgage life insurance, the insurance to the borrower's health as the subject. When the borrower during the period of insurance due to illness or accidents leading to death, by the insurance company owed by the borrower to repay bank loans, so banks would not be the death of the borrower's loan losses of funds. In this way, on the one hand ensure the safety of lending money, the other hand, it benefited from the housing Buzhi Yu Ren Suoju who were disposed of for failing to repay the loan. In other countries, home mortgages and life in general closely linked to the practice for several decades has formed a complete set of perfect operation mechanism, while American International Assurance Company has taken the lead to the success of mortgage life insurance introduction of China's housing consumer credit market. At present, Shanghai, Suzhou, Beijing and other areas has launched a mortgage life insurance, consumer credit business for the local housing development has provided a powerful guarantee.
Third, mortgage credit insurance
Can really resolve the individuals an effective way of credit risk is the introduction of home loan credit insurance. The so-called mortgage credit insurance refers to the borrower's credit for insurance, a kind of insurance subject matter is to mortgage borrowers on the basis of housing, then the insurance company to provide insurance. If the borrower can not repay the loan as scheduled by the insurance company is responsible for loan repayment to the lending bank, which in essence guaranteed. But by the insurance company as a guarantor for the borrower the security role played by the buyers of the units as a guarantor can not match: first, the insurance company is a full-time to avoid risks, to provide protection business, its credit is high, the security capability far from home buyers and the unit can. Second, insurance companies, credit subject to legal constraints, according to "The People's Republic of China Insurance Law," 87th stipulates that if a law has been revoked or an insurance company to declare bankruptcy, all of its insurance contracts and the reserve fund must be transferred to other insurance companies; can not reach an agreement with other insurance companies, other insurance companies designated by the People's Bank to accept. In this sense, the insurance company for the insured's insurance liability is unlimited, then the corresponding banks to lend funds that is absolute security, there is no risk. In addition, insurance companies to act as guarantor for the borrower is conducive to the establishment of community-based mortgage insurance mechanism, but also of social housing in line with the direction of reform-oriented.
