What does it mean that consumer finance will be paid by Yongan Insurance immediately?

Instant consumer finance is compensated by Yong 'an Insurance or repaid by Yong 'an Insurance. Compensation In order to ensure the safety of loan funds and avoid the borrower's overdue repayment, when applying for a loan, the lender (investor or platform) introduces an insurance company (guarantor) to provide guarantee for the loan. In case of overdue repayment, the insurance company (guarantor) will replace the borrower for repayment.