How to handle the endowment insurance for urban and rural residents for the first time?

If urban and rural residents want to apply for old-age insurance for the first time, they need to understand the relevant policies and processes, prepare the required supporting materials, and apply to the local social security agency for handling.

First, understand the policies and procedures.

Before handling the old-age insurance for urban and rural residents, we need to understand the local old-age insurance policies and processes. You can get relevant information by consulting local social security agencies, logging on the website of local human resources and social security bureau or calling the social security hotline.

Second, prepare proof materials.

When handling the endowment insurance for urban and rural residents, it is necessary to prepare some necessary supporting materials, such as identity cards, household registration books, photos, etc. Specific requirements can be consulted with local social security agencies.

Third, apply to the social security agency.

After preparing the proof materials, apply to the local social security agency. In the application process, you need to fill in the relevant application forms and submit supporting materials. Social security agencies will review the qualifications of applicants and go through relevant procedures.

Four. Payment of endowment insurance premium

After the application is passed, the old-age insurance premium needs to be paid in accordance with the prescribed standards. The payment standard is usually divided into multiple grades for the insured to choose independently. You can choose to pay annually, quarterly or monthly.

Five, receive pension insurance benefits

After reaching the conditions for receiving pension insurance benefits, you can apply to the local social security agency for receiving pension insurance benefits. The ways to receive benefits usually include bank card issuance and cash withdrawal. It should be noted that receiving pension insurance benefits needs to meet certain conditions, such as reaching the prescribed age of receiving and payment period.

To sum up:

If urban and rural residents want to apply for old-age insurance for the first time, they need to understand the relevant policies and processes and prepare the required supporting materials. Then apply to the local social security agency, pay the old-age insurance premium according to the prescribed standards, and apply for old-age insurance benefits after meeting the conditions for receiving.

Legal basis:

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

Article 20 provides that:

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.

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

Article 22 provides that:

The state establishes and improves the social endowment insurance system for urban residents. The people's governments of provinces, autonomous regions and municipalities directly under the Central Government may, according to the actual situation, combine the social endowment insurance for urban residents with the new rural social endowment insurance. The specific implementation measures shall be formulated by the State Council.