How to pay personal endowment insurance for the first time?

The steps for the first payment of individual endowment insurance are as follows:

1. Select the insured place: according to the household registration or actual residence;

2. Submission materials: You need to bring your ID card and other relevant documents to the local social security agency or use the online service platform to submit the registration materials;

3. Choose the payment grade: choose the appropriate payment grade according to the personal economic situation;

4. Payment: Pay the old-age insurance premium regularly through bank transfer and online payment.

Old-age insurance payment record:

1. Payment record function: used to record the payment of individual endowment insurance, including payment time, amount and payment type;

2. Inquiry method of payment records: you can inquire through the social security bureau official website, social security self-service inquiry machine, social security card service terminal or go to the local social security bureau window;

3. Importance of payment records: payment records are an important basis for calculating pensions and verifying the rights and interests of endowment insurance;

4. Update frequency of payment records: generally updated once a month to reflect the latest payment situation;

5. Preservation of payment records: It is recommended that individuals regularly check and save their pension insurance payment records in case of emergency.

To sum up, for the first time, individuals need to choose the place to participate in endowment insurance, then submit ID cards and other documents to social security institutions or online platforms, and then choose the payment grade according to the economic situation, and pay the insurance premium regularly through bank or online payment.

Legal basis:

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

Article 10

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 60

The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment except for legal reasons such as force majeure. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.

Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.