How many years does individual endowment insurance need to pay? What's the new policy of personal en

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. How many years does the individual endowment insurance have to pay? What's the new policy of 2019 individual endowment insurance?

according to the provisions of the social insurance law, individuals participating in the basic endowment insurance can receive the basic pension on a monthly basis as long as they have paid for 15 years and reached the legal retirement age.

And the individual who participates in the basic endowment insurance, if the accumulative payment is less than 15 years, can pay up to 15 years, can get the basic endowment insurance fund monthly, can also transfer into the new rural social endowment insurance or urban residents social endowment insurance fund. In this way, the insured can enjoy the corresponding endowment insurance treatment in accordance with the provisions of the State Council.