When will the endowment insurance be issued?

Endowment insurance can be purchased from the age of 16. The specific provisions for paying endowment insurance are as follows:

1. The payment age of endowment insurance in social insurance starts from 16 years old and ends at the legal retirement age (generally 60 years old for men, 55 years old for women cadres, 50 years old for women employees and 60 years old for women residents);

2. The retirement age of freelancers shall be implemented according to local regulations. The so-called payment base of social insurance refers to the wage base used by enterprises or employees to calculate and pay social insurance premiums. This base multiplied by the prescribed rate is the amount of social insurance premiums that enterprises or individuals should pay. Enterprises generally take the total wages of their employees as the payment base, and the average monthly salary of employees in the previous year is the salary base for individuals to pay social insurance premiums. The payment base shall be approved by the social insurance agency according to the employer's declaration.

The specific provisions of the pension insurance period are as follows:

1. Payment period of old-age insurance: The payment period of old-age insurance refers to the accumulated years for employees to pay old-age insurance under normal payment conditions. According to national regulations, male employees need to pay 15 years, and female employees need to pay 10 years to enjoy the old-age insurance benefits. The specific regulations may be different in different regions, and the regulations of the local social security bureau shall prevail;

2. Starting time of endowment insurance payment: The starting time of endowment insurance payment refers to the time when employees start to pay endowment insurance. According to national regulations, employees should pay endowment insurance within one month after taking part in the work, and the specific starting time shall be subject to the provisions of the local social security bureau;

3. Deadline for payment of endowment insurance: Deadline for payment of endowment insurance refers to the time when employees stop paying endowment insurance. According to national regulations, employees stop paying endowment insurance after reaching the legal retirement age, and the specific payment period is subject to the provisions of the local social security bureau.

To sum up, the provisions of endowment insurance in different regions may be different, and the specific years and requirements need to be subject to the provisions of the local social security bureau.

Legal basis:

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

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Article 27

Individuals who participate in the basic medical insurance for employees will not pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with the provisions of the state if they reach the statutory retirement age and the accumulated payment has reached the fixed number of years stipulated by the state; Those who have not reached the fixed number of years prescribed by the state may pay the fees to the fixed number of years prescribed by the state.