Do I need to pay endowment insurance for the first time?

You don't have to pay the first old-age insurance.

When individuals pay endowment insurance for the first time, they can complete the payment process through the cooperative bank designated by the Social Security Bureau, and only need to provide the endowment insurance manual and social security card. When handling social security transfer relations, individuals are usually not required to be present in person. Flexible employees can entrust others to pay insurance premiums when participating in the endowment insurance for urban workers or urban and rural residents.

Endowment insurance enrollment process:

1, unit insurance: the person in charge of the unit or the authorized representative carries a copy of the business license, organization code certificate, tax registration certificate and other relevant documents to the local social security agency for insurance registration;

2. Personal insurance: individuals carry ID cards, household registration books and other relevant documents to the local social security agencies for insurance registration;

3. Information collection: social security agencies collect information of insured units or individuals and establish social security files;

4. Payment processing: according to the local social security policy, pay the old-age insurance premium in full and on time;

5. Issuance of social security cards: After the insured person has gone through the relevant formalities, the social security agency will issue social security cards for enjoying social security benefits and handling related businesses.

To sum up, I don't need to pay the endowment insurance for the first time. I can do it through the bank designated by the Social Security Bureau and provide relevant manuals and social security cards. I don't need to participate in the social security transfer. Flexible employees can entrust others to pay the endowment insurance premiums for urban workers or urban and rural residents.

Legal basis:

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

Article 57

The employing unit shall, within 30 days from the date of its establishment, apply to the local social insurance agency for social insurance registration with its business license, registration certificate or unit seal. The social insurance agency shall, within fifteen days from the date of receiving the application, examine and issue the social insurance registration certificate. Where the social insurance registration items of the employing unit are changed or the employing unit is terminated according to law, it shall, within 30 days from the date of change or termination, go to the social insurance agency to handle the change or cancellation of social insurance registration. The market supervision and management department, the civil affairs department and the organization management organ shall promptly inform the social insurance agency of the establishment and termination of the employing unit, and the public security organ shall promptly inform the social insurance agency of the birth, death, household registration, migration and cancellation of the individual.

Article 58

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.