How much is the endowment insurance for urban and rural residents?

There are many grades of payment standards for urban and rural residents' old-age insurance, ranging from 200 yuan to 3,000 yuan per year, with 12 grades.

1. If economic conditions permit, you can choose a higher payment grade to get a higher pension in the future. However, if the economic conditions are limited, you can choose a lower payment grade, and you can also receive a certain amount of pension on an annual or monthly basis after retirement.

2. For people with average economic conditions, choosing a higher-grade endowment insurance may not be the most cost-effective choice. You can consider buying stocks, funds and other investment methods with higher returns to increase pension reserves.

3. The choice of investment method should consider the individual's risk tolerance. If the risk tolerance is low, you can choose some relatively stable investment methods, such as buying bank wealth management products or insurance products.