Which is better, social security or endowment insurance for urban and rural residents?

The full text of China's Social Insurance Law stipulates the social insurance systems established by the state, such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance. To ensure that citizens can enjoy the material help provided by the state and society in accordance with the law in cases of old age, illness, work injury, unemployment and maternity. The social insurance system should be widely covered, basic, multi-level and sustainable, and the insurance level should adapt to economic and social development. Employers and individuals who pay social insurance premiums according to law have the right to inquire about payment records and personal rights and interests and enjoy social insurance benefits. An insurance company shall engage in insurance business activities within the statutory scope.

Social security and endowment insurance for urban and rural residents are two different old-age security systems. Social security refers to the endowment insurance system managed by the state as a whole, which is applicable to on-the-job employees and some specific groups; Endowment insurance for urban and rural residents is an old-age security system covering urban and rural residents. They are different in the following aspects.

First of all, the payment standard and treatment level of social security are relatively high, which are jointly paid by enterprises and individuals, and they can enjoy relatively high pensions after retirement. However, the payment standard and treatment level of old-age insurance for urban and rural residents are low, mainly paid by individuals, and the pension after retirement is relatively small.

Secondly, social security covers a wide range and is suitable for people with fixed jobs, including enterprise employees and civil servants. Endowment insurance for urban and rural residents is applicable to urban and rural residents who have no fixed jobs, including farmers and individual industrial and commercial households.

Finally, whether urban and rural residents choose social security or endowment insurance needs to be decided according to their actual situation. If you are an on-the-job employee, you should choose social security; If you are urban and rural residents, you can choose urban and rural residents' endowment insurance. At the same time, we should also consider the individual's economic ability and pension needs and make reasonable choices.

To sum up, there are differences in payment standards, treatment levels and coverage between urban and rural residents' social security and endowment insurance. Making wise choices according to personal circumstances can better protect your old-age life.

Social security and endowment insurance for urban and rural residents are two different old-age security systems. Social security refers to the endowment insurance system managed by the state as a whole, which is applicable to on-the-job employees and some specific groups; Endowment insurance for urban and rural residents is an old-age security system covering urban and rural residents. They are different in the following aspects.

First of all, the payment standard and treatment level of social security are relatively high, which are jointly paid by enterprises and individuals, and they can enjoy relatively high pensions after retirement. However, the payment standard and treatment level of old-age insurance for urban and rural residents are low, mainly paid by individuals, and the pension after retirement is relatively small.

Secondly, social security covers a wide range and is suitable for people with fixed jobs, including enterprise employees and civil servants. Endowment insurance for urban and rural residents is applicable to urban and rural residents who have no fixed jobs, including farmers and individual industrial and commercial households.

Finally, whether urban and rural residents choose social security or endowment insurance needs to be decided according to their actual situation. If you are an on-the-job employee, you should choose social security; If you are urban and rural residents, you can choose urban and rural residents' endowment insurance. At the same time, we should also consider the individual's economic ability and pension needs and make reasonable choices.

To sum up, there are differences in payment standards, treatment levels and coverage between urban and rural residents' social security and endowment insurance. Making wise choices according to personal circumstances can better protect your old-age life.

Legal basis:

People's Republic of China (PRC) Social Insurance Law;

Article 22 The State shall establish and improve 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.

People's Republic of China (PRC) Social Insurance Law Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance. To ensure citizens' right to get material help from the state and society in accordance with the law in case of old age, illness, work injury, unemployment and maternity.

The full text of the Social Insurance Law of People's Republic of China (PRC) Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.

The full text of the Social Insurance Law of People's Republic of China (PRC) Article 4 Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and require social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Article 95 of People's Republic of China (PRC) Social Insurance Law

(1) Personal insurance business, including life insurance, health insurance, accident insurance and other insurance business;

(2) Property insurance business, including property loss insurance, liability insurance, credit insurance, guarantee insurance and other insurance businesses;

(3) Other insurance-related businesses approved by the the State Council Insurance Regulatory Authority.

An insurer may not concurrently engage in life insurance business and property insurance business. However, insurance companies engaged in property insurance business may engage in short-term health insurance business and accidental injury insurance business with the approval of the State Council Insurance Regulatory Authority.

An insurance company shall engage in insurance business activities within the business scope approved by the the State Council Insurance Regulatory Authority according to law.