Which is more cost-effective, agricultural insurance or social security?

Insurance and social security in rural areas are more cost-effective than social security.

The differences between social security and agricultural insurance are as follows:

1, the insured objects are different: the insured objects of social security are employees of payment units, individual industrial and commercial households without employees, and self-employed households with household registration in their respective jurisdictions who have not reached retirement age; The insured objects of agricultural insurance are residents with local household registration, over 16 years old (excluding students in school) and not participating in the basic old-age insurance for employees.

2. Different payment standards: social security is paid on a monthly basis, with employees' wages as the payment base; Agricultural insurance shall be paid in accordance with the prescribed amount every year.

3. Different collection years: the minimum payment period of agricultural insurance is 15 years, and the minimum age for enjoying retirement pension is 60 years for men and 50 years for women; The basic pension for social security residents consists of basic pension, personal account pension and payment period pension.

To sum up, social security is more cost-effective than agricultural insurance, and the two are mainly different in insured objects, payment standards and collection years.

legal ground

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.