What are the procedures for individuals to pay endowment insurance?

The individual payment process of endowment insurance is as follows:

1, residents should consult the specific insurance requirements in advance and prepare relevant materials as required;

2. Bring the insured information to the local social security center or the nearest social security service network and submit the materials for review;

3. The social security agency will review the information submitted by the applicant and the eligibility for insurance. If it passes the audit, residents need to go through the relevant insurance procedures according to regulations;

4. After paying the endowment insurance premium, it is generally paid directly online.

Materials required for individual to pay endowment insurance:

1, freelancers need to bring their own urban household registration book, valid ID card and copy;

2. The person who terminates the labor relationship needs his urban household registration book, valid ID card and a copy, and his labor relationship termination agreement and a copy;

3. Unemployed people need to bring their urban household registration book, valid ID card and photocopy, unemployment certificate and photocopy;

4. Individual industrial and commercial households need to carry their business licenses, valid ID cards and photocopies.

To sum up, if an individual participates in flexible employment social security, the payment base is determined according to the local actual situation, and the payment ratio is usually 20%; Individuals participate in endowment insurance for urban and rural residents. Generally, there are about ten payment grades, and the payment standards range from 200 yuan to thousands of yuan. The higher the level of payment, the higher the cost of old-age insurance that individuals need to bear every year.

Legal basis:

Article 23 of People's Republic of China (PRC) Social Insurance Law

Employees should participate in the basic medical insurance for employees, and employers and employees should pay the basic medical insurance premiums in accordance with state regulations. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.

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.