What is the accumulated amount of endowment insurance?

The accumulated deposit is the sum of the pension amount and interest in the personal account. Personal account storage consists of three parts:

1. The amount of basic old-age insurance premium paid by individual employees who participate in social pooling of basic old-age insurance according to the payment ratio stipulated by the government.

2, the local social insurance agencies in accordance with the provisions from the enterprise payment included in the amount of basic old-age insurance.

3. The interest amount of the above two parts.

There are two ways to pay endowment insurance:

1, the first category is the annual premium, which belongs to our participation in the endowment insurance for urban and rural residents. You need to go to the local social security center or the handling department to apply for insurance with your personal household registration ID card;

2. There is also a monthly premium, which belongs to our employee pension insurance. On-the-job personnel directly withhold the premium through their company and go through the insurance formalities. If it is done by an individual, you can choose to find a compliant third party to pay for the company, or use the local business license to handle employee pension insurance.

To sum up, endowment insurance 16 years old can be paid, provided that you are not a student. Pension insurance requires a minimum payment of 15 years to enjoy the benefits of pension insurance. The more you pay, the more pension you can get.

Legal basis:

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

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.