Does old age insurance have beneficiaries

The so-called old-age insurance is to wait until you retire, you can get the old-age insurance provided by the old-age insurance. Pension insurance has beneficiaries, and the beneficiaries of pension insurance are generally members of the immediate family.

The insured should designate a family member or close relative as the beneficiary of his or her insurance policy, such as a spouse, a child, a parent, a sibling, etc.

This is the first time that an insured has to designate a family member as the beneficiary of his or her insurance policy.

Of course, you can also designate several beneficiaries, the insured, according to their income level and their obligation to provide for their own, to reasonably allocate the order of the beneficiary's beneficiary and beneficiary's share

Social old-age insurance is a social pension insurance is the Chinese government in accordance with certain laws and regulations to solve the problem of the workers in the state stipulated in the discharge of the obligation of the labor force of the labor force age limit, or because of the elderly loss of labor capacity to quit the workplace. It is a social insurance system established by the Chinese government in accordance with certain laws and regulations to solve the basic livelihood of workers after they reach the limit of the working age set by the state for the termination of their labor obligations, or after they withdraw from the workforce due to the loss of their labor capacity in old age. Pension insurance is an important part of the social security system and is one of the most important of the five major types of social insurance.

According to the decision and deployment of the CPC Central Committee and the State Council, the national coordination of pension insurance will be implemented from January 2022 onwards.

The "Twelfth Five-Year Plan" period is a period of attack for China to comprehensively deepen reform and opening up, accelerate the transformation of the mode of economic development, and comprehensively build a moderately affluent society, as well as a critical period for the insurance industry to realize structural adjustment.

The Outline of the Twelfth Five-Year Plan for the Development of China's Insurance Industry proposes to vigorously expand the business of corporate annuities, support enterprises in a position to establish commercial pension plans, improve the level of protection for employees, explore the business of personal pension annuities, and broaden the field of commercial pension insurance services.

China's pension security system has three levels: basic social pension insurance, supplemental enterprise pension insurance and individual savings pension insurance. The coverage of government-led social security has been expanding, and China's social pension insurance for urban residents has basically realized comprehensive coverage. However, as the principle of social security protection is "low level and wide coverage,"

The current pension insurance system still has major problems, and the huge demand in the pension insurance market cannot rely solely on social security for its coverage, and the replacement rate of old-age pension insurance is not as high as it should be. The pension replacement rate has been declining year by year since the end of the last century and is now less than 47%, there is an urgent need for commercial insurance to participate in social security, through the combination of commercial insurance and social security mechanism to divert the pressure of social security, and to establish a multi-level pension security system for the whole society.

Pension insurance is within the legal scope of the elderly "completely" or "basically" out of the social and labor life before the role of the automatic. The so-called "complete" is characterized by the separation of the worker from the means of production; the so-called "basic" refers to the fact that participation in productive activities has ceased to be a major part of social life. The legal age limit is the practical measure of this.