How to buy personal pension insurance is the most cost-effective?

The most cost-effective way for individuals to purchase endowment insurance is as follows:

1. Choose the minimum payment standard of community endowment insurance for payment, because the payback period is the shortest. At present, the minimum payment standard is 200 yuan per person per year.

2. Employees shall pay personal savings endowment insurance premiums according to their salary income and deposit them in the accounts opened by social insurance institutions in banks, and calculate the interest according to the deposit rate of urban and rural residents not lower than or higher than the same period.

3. If there is an employer, the employer shall purchase endowment insurance for employees at the rate approved by the social security agency, and the individual payment shall be withheld and remitted by the employer.

4. In the absence of an employer, apply to the local social security agency for payment as a flexible employee.

5, to ensure that the cumulative payment of fifteen years, so that after reaching the statutory retirement age, receive a monthly basic pension to protect the basic needs of the elderly.

Choice of payment methods for individual purchase of endowment insurance;

1. If the payment is made by bank automatic deduction, an automatic deduction agreement shall be signed with the bank;

2. Use the Internet payment platform for online payment, such as operating through the same city service function;

3 directly to the social insurance agency counter to pay;

4. Pay by post office transfer.

To sum up, the most cost-effective ways for individuals to purchase old-age insurance include choosing the minimum payment standard of community old-age insurance, paying personal savings old-age insurance premiums according to regulations, withholding and paying by employers or applying for payment at social security agencies themselves, and ensuring that the accumulated payment is over 15 years.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 15

The basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.