Guangxi Binyang county endowment insurance

Hello, what you are talking about is not the new rural endowment insurance being piloted in our country. The new rural insurance is charged monthly. The new rural endowment insurance adopts the basic mode of combining social pooling with individual accounts, and implements the financing mode of combining individual contributions, collective subsidies and government subsidies.

So you may be talking about some kind of commercial insurance business for rural areas. The national endowment insurance for employees and rural endowment insurance is based on the average wage of local social security.

I work in the Social Security Bureau. I won't say how good national insurance is. At least the national endowment insurance is subsidized by financial allocation.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.