What is corporate annuity insurance?

Enterprise annuity insurance refers to an enterprise and its employees who participate in basic pension insurance in accordance with the law and are established in accordance with national policies and the economic conditions of the enterprise. It aims to improve the living standards of employees after retirement and contribute to the national basic pension insurance. A form of pension insurance that is an important supplement to insurance.

Is enterprise annuity insurance commercial insurance?

Enterprise annuity insurance and commercial insurance are not the same kind of insurance. The main difference between them is that enterprise annuity insurance belongs to the category of enterprise employee welfare and social security and is not for profit, while commercial insurance is a kind of insurance whose main purpose is profit.

Secondly, for enterprise annuity insurance, in order to encourage qualified enterprises to establish enterprise annuity plans for their employees, the government provides preferential treatment in terms of taxation, fund operations, etc., and allows a certain proportion of enterprise contributions to be included in the cost. . Purchasing commercial insurance is completely a personal investment, and the insurance premiums are entirely paid by the policy holder himself.

Finally, the product planning of enterprise annuity insurance and commercial insurance is different. Enterprise annuity insurance will have personalized characteristics due to different business operating characteristics and employee structure; while commercial insurance is completely based on the insurance method and content selected by the policy holder.

Procedures

1. The enterprise prepares and submits materials in accordance with regulations;

2. The entrusted financial institution submits the materials to the labor and social security administrative department for approval on behalf of the enterprise. Obtain the registration number;

3. The enterprise shall make a copy of the submission materials and annuity receipt approved by the labor department, stamp the company seal, and submit them together with the original to the tax department. The tax department will return the original after inspection;< /p>

4. Sign a trustee management contract with a qualified trustee financial institution, and the trustee signs an account management contract, investment management contract and custody contract with other qualified financial institutions;

5. The enterprise will entrust the management contract, and the trustee will submit the account management contract, investment management contract and custody contract to the labor administration department for filing;

6. Submit the personal account information of the enterprise and employees to the account management agency for accounting establishment ;

7. Pay the first enterprise annuity fee to the custodian bank according to the enterprise annuity implementation plan;

8. The investment manager begins investment operations and the fund begins to appreciate; the custodian pays the retirement Pensions are paid to plan members.