What is the difference between buying old-age insurance in the labor bureau and buying it in an insurance company?

The endowment insurance purchased by insurance companies is different from the endowment insurance paid by social security bureau, and it is also different in terms of the competent unit and endowment insurance treatment. Their differences are as follows:

1, the nature of insurance is different. Social security endowment insurance belongs to the endowment insurance of national social security institutions; The endowment insurance of insurance companies belongs to commercial insurance.

2. The payer is different. Social endowment insurance is to pay endowment insurance money to the social security center; The endowment insurance premium of an insurance company shall be paid to the insurance company according to the insurance contract.

3. The issuing company is different. Social security pension is issued by social security center, and insurance company pension is issued by newspaper.

Baidu encyclopedia-commercial endowment insurance

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