I am 47 years old. Can I pay old-age insurance?

If you want to pay endowment insurance, you can. According to the inquiry of China Travel Service. Com, 47-year-old people can pay endowment insurance as long as they pay 15 years. Accumulated contributions 10 years or more, who reach the statutory retirement age, can enjoy pension benefits. Social security includes pension, medical care, work injury, unemployment and maternity insurance. The full name of endowment insurance is social basic endowment insurance, which is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. It is an important part of the social security system and one of the five most important social insurances. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life.