For on-the-job employees, can they buy commercial endowment insurance after buying social security?

At present, China's endowment insurance is divided into urban endowment insurance and urban and rural endowment insurance. Because both are endowment insurance, the insured can only choose to pay social security, which is a kind of social endowment insurance.

As far as employees are concerned, only urban endowment insurance is paid by employees themselves in proportion, with their actual income as the deposit base. However, after the employees pay the old-age insurance, there is no way to apply for other old-age insurance such as urban and rural residents' old-age insurance, otherwise it will become repeated insurance, and repeated insurance cannot be repeated. Then as an on-the-job employee, he will only receive pension benefits after retirement. Some can't achieve the purpose of providing for the aged because the payment standard is not too high, the payment period is not long, and the endowment insurance is not high.

As freelancers, they should choose to participate in social endowment insurance according to their own economic conditions. Those with good economic development conditions can choose to participate in endowment insurance, because the payment base of endowment insurance is the average monthly income of employees in the previous year, and the minimum payment level is 60%. Therefore, the annual social security fee is still very high, but the old-age insurance premium will be higher in the future. However, due to the influence of payment base and payment period, the pension is not high.

Those with poor economic strength can choose to pay endowment insurance for urban and rural residents, and choose the payment level suitable for their own economic situation according to their own standards. However, due to the low payment standard of endowment insurance for urban and rural residents, the payment period is only 15 years, and the pension standard is not uniform throughout the country, so the pension will not be very high. If we really want to achieve the overall goal of providing for the aged, we can only guarantee the basics.

For employees, if there is no enterprise annuity or annuity, departments that only pay endowment insurance can choose to apply for a profitable social endowment insurance if society allows. Commercial endowment insurance can be purchased at the same time as endowment insurance, because they are two social endowment insurance with different attributes. When the future pension insurance premium is not too high, commercial pension insurance premium can be used as a supplement, which is also very meaningful for improving the current retirement life and improving the quality of pension.

For freelancers, whether they pay endowment insurance or urban and rural residents' endowment insurance, they can apply for profitable social endowment insurance at the same time as long as the economic development has conditions. For-profit social endowment insurance, different types of auto insurance companies have different new projects, different payment standards and different pension wages. Therefore, it is necessary to master the contract text of commercial insurance carefully, and not just rely on the sales promotion of salesmen. Applying for commercial old-age insurance when you have economic level and actual needs can also be used as a supplement to old-age care.

Generally speaking, people who buy social security can actually buy commercial endowment insurance, because social security and commercial endowment insurance belong to different insurance management systems, one is social security and the other is commercial insurance, but they can actually buy at the same time. The social security contribution for social development reaches 15 years, reaches the legal retirement age, and can receive the old pension in the future; If the commercial old-age insurance has purchased enough payment years in the contract terms, it can get the old-age insurance money from the commercial old-age insurance, thus achieving the overall goal of getting a second pension after retirement.