What are the benefits of paying more endowment insurance?

The benefits of paying endowment insurance are as follows:

1. Have a sense of security and income. The main function of endowment insurance is to provide a reliable source of income for the elderly in their later years and meet their living needs.

2. Reduce the burden on children in the family. From the point of view of families and individuals, individuals participating in old-age insurance, through the combination of compulsory payment and national independent support, can provide protection for the elderly to a certain extent, alleviate the worries of families, and reduce the double pressure of children raising the elderly and children, which has a positive impact on the elderly and the whole family;

3. It is conducive to promoting economic development. The pension insurance system designed by many countries links fairness with efficiency, especially the partial accumulation and complete accumulation pension fund raising model. The amount of pension received by workers after retirement is directly related to their wage income and payment during their on-the-job work, which can undoubtedly stimulate the enthusiasm of workers during their on-the-job work and improve efficiency;

4, increase income, social pension insurance Whether it is enterprise employee pension insurance or urban and rural residents pension insurance, the level of payment is directly related to the level of treatment, that is, "pay more." The higher the payment base, the longer the payment period and the higher the corresponding treatment, which is a basic principle that social endowment insurance must follow.

The process of endowment insurance is as follows:

1. The applicant submits the application materials to the Social Security Bureau, and the handling personnel of the Social Security Bureau will review the materials and the applicant's conditions on the spot;

2, meet the conditions of immediate processing, and print the "flexible employment personnel to participate in the basic old-age insurance approval form", a copy of the applicant for the record, the other one signed by the applicant to confirm the record of our bureau;

3, do not meet the conditions will not be accepted, and explain the reasons to the applicant.

To sum up, endowment insurance has become extremely important in modern society. It not only provides a basic guarantee for our retirement, but also accumulates a certain personal pension fund, which reduces the economic burden of families and promotes the economic development of the country.

Legal basis:

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

second

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.

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 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.