If you are young, you can consider buying social insurance first, and then choose a suitable commercial endowment insurance.
If you are older, have not bought social insurance or have not expired social insurance, you can first judge your own capital savings. If you can make up the social insurance premiums at one time before retirement, you can choose social insurance. If you cannot make up, you can choose some commercial insurance with shorter payment period and lower payment, or participate in personal savings pension insurance.
Only child pension insurance subsidy object
Family planning couples who meet the following conditions can enjoy subsidies when participating in the endowment insurance for rural residents:
(1) I am the parent of the only child
(2) I am over 45 years old.
Endowment insurance subsidy standard for only child
The endowment insurance subsidy standard for the parents of rural only children is 1000 yuan per person per year, divided into 12 months. The subsidy is paid monthly according to the actual number of insured months, and the maximum subsidy period is 15 years.
The individual contribution proportion of the insured who enjoy the endowment insurance subsidies for rural residents shall not be less than 5% of the payment base.
Endowment insurance subsidy mode and fund source of the only child
For the insured who enjoy subsidies, when paying the rural residents' endowment insurance premiums, if there is a balance after the government subsidies directly offset the individual's current payment, the balance shall be included in the individual account of the rural residents' endowment insurance.
The endowment insurance subsidy fund for the parents of rural only children shall be borne by the district government, and the municipal government shall give appropriate rewards according to the work conditions of each district.