Endowment insurance, the full name of social basic endowment insurance, is a guarantee of our later old life and an important part of the social security system. So which grade of endowment insurance is good? Is it necessary for individuals to buy endowment insurance?
In general, which level of endowment insurance should we pay?
Those who participate in the endowment insurance of urban and rural residents shall pay the endowment insurance premium in accordance with the provisions. At present, the payment standard is set as 12 grades of 100 yuan, 200 yuan, 300 yuan, 400 yuan, 500 yuan, 600 yuan, 700 yuan, 800 yuan, 900 yuan, 1000 yuan, 1500 yuan, 2000 yuan per year. The provincial (District, city) people ' Ministry of human resources and social security for the record.
The Ministry of human resources and social security, together with the Ministry of finance, shall adjust the payment grade standard in time according to the income growth of urban and rural residents.
The insured can choose to pay at their own level and pay more.
Remind the majority of insured residents that the best choice is to maintain the continuous payment according to their own economic conditions.
Is there any age limit for the payment of endowment insurance in China?
Those who do not reach the national legal retirement age can participate in the basic endowment insurance for enterprise employees. However, those who have reached the retirement age but have paid less than 15 years can't receive the basic endowment insurance on a monthly basis. Therefore, we should take part in endowment insurance as soon as possible. The longer we take part in the insurance, the more we pay, the more we will receive the pension after retirement.
Is it necessary for individuals to buy endowment insurance?
Personal endowment insurance is a kind of life insurance which takes urban and rural residents as the insurance object. All urban and rural residents over the age of 16 who are in good health and can work or work normally can be insured with the insurance company as the insured.
The insurance period of personal endowment insurance includes the payment period of insurance premium and the withdrawal period of pension amount. The insurance premium payment period starts from the time when the insured handles the insurance formalities and pays the first period of insurance premium to the time when the agreed payment period expires; the pension payment period starts from the next month when the agreed payment period expires and ends when the insurer's insurance liability terminates.
The insurance contract of personal endowment insurance shall bear the following insurance liabilities to the insured: the insured can get a fixed annuity for 10 years during the pension period; if the insured dies during the fixed annuity period, the beneficiary (if the beneficiary is not designated, the legal heir) can continue to get it for 10 years, and the insurance liability party shall terminate; if the insured has received a fixed annuity for 10 years If the insured is still alive, he / she can continue to receive pension until he / she dies, and the insurance liability party will terminate; if the insured dies within the insurance premium payment period, he / she can receive death refund as required, and the insurance liability will terminate.
Individual endowment insurance premium can be paid monthly, quarterly and annually, and can also be paid in a lump sum at the time of insurance application. The monthly premium of each insured shall not be less than 20 yuan, and the annual premium shall not be less than 200 yuan. The age of starting to receive pension is 50, 55, 60, 65, etc. the policyholder can choose the most appropriate level. The insured has paid the premium for 2 years. If there is an urgent need, the insured can apply for loan from the insurance company with the documents. The loan amount shall not exceed 70% of the cash value of the insurance policy, and the loan period shall not exceed 7 months. The principal and interest of the loan shall be returned when the loan is due. If the principal and interest of the loan are not paid at the expiration of the time limit, and the amount of surrender is reached, the insurance effect shall be terminated.
Personal endowment insurance plays an indispensable role in the establishment and improvement of our country's multi-level and multi form social endowment insurance system. Endowment insurance needs time accumulation, so it is very important to plan ahead.
At present, the social endowment insurance has relatively low security rate. If you have the ability to save a little money and buy an individual annuity, you can get some money from social security and insurance company when you are providing for the aged and after retirement, which is more comfortable for your pension life.