What are rural insurance and social security?

Legal analysis: Rural insurance also belongs to social security and belongs to the category of endowment insurance. Rural insurance is the annual payment of urban and rural residents' endowment insurance, and the payment is made according to the prescribed amount. Social security is the endowment insurance for urban workers paid on a monthly basis, and the payment base is based on the wages of employees. Social security and agricultural insurance cannot be paid together, only one of them can be chosen.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Twenty-first new rural social endowment insurance benefits are composed of basic pension and personal account pension. Rural residents who participate in the new rural social endowment insurance meet the conditions stipulated by the state and receive the benefits of the new rural social endowment insurance on a monthly basis.

Article 22 The state establishes and improves the social endowment insurance system for urban residents. The people's governments of provinces, autonomous regions and municipalities directly under the Central Government may, according to the actual situation, combine the social endowment insurance for urban residents with the new rural social endowment insurance.