What does the total amount of endowment insurance mean?

The total amount of the endowment insurance account is the sum of the pension paid by me, the interest paid by the unit, the state subsidy and the previous payment.

The personal account of endowment insurance is used to record the basic endowment insurance premium paid by the insured and the basic endowment insurance premium transferred from the unit payment, as well as the interest of the above two parts; It is the main basis for the insured to receive personal account related treatment when going through retirement procedures, transferring across the overall scope, surrendering before retirement, leaving the country to settle down before retirement or terminating the basic pension relationship after death.

Old-age insurance consists of basic pension and personal account of old-age insurance, and personal account consists of monthly basic pension _ basic pension, personal account, transitional pension and adjustment fund. If the payment period is less than 10 years, after retirement, they will not enjoy the basic pension benefits, and all the savings in their personal accounts will be paid to them in one lump sum and the old age allowance will be given in one lump sum, and the pension insurance relationship will be terminated at the same time. When employees retire and pay for ten years, the monthly old-age insurance consists of the sum of the amount stored in individual accounts divided by the calculated number of months and the basic pension.

The process of endowment insurance is as follows:

1. Bring the above materials to the village committee where the household registration is located to apply for the new rural insurance;

2, fill in the "new rural social endowment insurance registration form", choose the premium grade;

3. The premiums paid by the insured shall be regularly deposited in the "New Rural Insurance Co-branded Card" every year, which shall be withheld and remitted by the credit cooperatives;

4. After receiving the notice, the insured person must also bring the above materials to the village Committee where the household registration is located to apply;

5. Open a passbook in a designated bank, and you can enjoy insurance benefits after meeting the conditions for payment.

To sum up, the amount of payment varies from place to place. It is recommended that individuals consult the local social security department before paying. After the payment is successful, you can use the bank card to bind the payment account and automatically deduct the money every month. Under normal circumstances, the payment of endowment insurance, the social security bureau settlement time is about 65438+February 25 to pay off the cost of completing the endowment insurance in that year, but medical insurance must be paid in advance.

Legal basis:

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

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.