What is the name of the social security bought in the countryside?

The social security bought in the countryside is called the new rural insurance.

It is a social endowment insurance system organized and implemented by the government to ensure the basic livelihood of rural residents and the elderly, and it is an important part of the national social insurance system. Agricultural insurance is a kind of endowment insurance, and medical insurance is medical insurance. They are different insurance items, and there are also differences in insurance benefits and insurance claims.

Agricultural insurance is a rural social security system in which the administrative department is responsible for the organization and management, rural economic organizations, collective institutions and employees from all walks of life share the obligation to pay endowment insurance premiums, and employees enjoy basic endowment insurance benefits according to the payment of endowment insurance premiums.

To sum up, rural social insurance, including rural old-age insurance and rural medical insurance, is guided by government organizations and adopts the system mode of combining social pooling with individual accounts. The rural social security policy is an endowment insurance policy that combines individual contributions, collective subsidies and government subsidies to ensure the basic livelihood of farmers when they are old.

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

Article 20

The state establishes and improves the new rural social endowment insurance system. The new rural social endowment insurance combines individual contributions, collective subsidies and government subsidies.

Article 21

The treatment of new rural social endowment insurance consists 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 24

The state establishes and improves the new rural cooperative medical system. Measures for the administration of the new rural cooperative medical system shall be formulated by the State Council.

Article 25

The state establishes and improves the basic medical insurance system for urban residents. The basic medical insurance for urban residents combines individual contributions with government subsidies. People who enjoy the minimum living guarantee, disabled people who have lost their ability to work, elderly people and minors over 60 years old in low-income families, etc. , subsidized by the government.