Can individuals pay endowment insurance?

Legal analysis: individuals can pay employee pension insurance, generally as flexible employees. Individuals in the domicile can go to the local social security bureau to apply for social security as flexible employees. They can also enjoy social security benefits, but individuals can only pay pension insurance and medical insurance in social security. Because there is no work unit, all expenses are borne by individuals. Individuals who pay employee pension insurance generally pay 20% of the local salary base, and the employee social security payment base is between 60% and 300% of the average social salary. Individuals can choose according to their own economic conditions. Pension insurance fee 12% is credited to the overall account and 8% to the personal account. If an employee dies before retirement, the beneficiary can only receive money from his personal account, but not from the overall account.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.