What is the proportion of endowment insurance?

The proportion of endowment insurance is 20% for the unit and 8% for the employees.

After the two parties establish labor relations, the employer needs to register social security for employees and pay other social security, including endowment insurance.

The specific process of urban workers' endowment insurance surrender is as follows:

1. Confirm that the employees who have left the insured unit have gone through the insurance suspension procedures, and there is no unpaid premium;

2 to the local social security agencies to receive retirement insurance and unemployment insurance one-time living allowance declaration form and other materials;

3, the employer for its retirement pension insurance, unemployment insurance, one-time living allowance declaration form stamped;

4. The insured person carries the original and photocopy of his ID card and other surrender materials to the local social security agency for surrender procedures;

5. The insured person to the designated bank to receive pension insurance surrender, generally can be returned to the personal account.

Endowment insurance can apply for a refund, as follows:

1, the basic old-age insurance can be surrendered, but only if it meets the conditions for surrender, such as the insured's going abroad to settle down, the insured's death, the insured's repeated participation, the insured's legal retirement age but the accumulated payment period has not reached 15, and other conditions for surrender;

2. Commercial endowment insurance can be refunded. The insured can contact the insurance salesman to handle the surrender formalities on his behalf, or go to the insurance company to handle the surrender formalities with his ID card and bank card. Or you can buy it online, or you can apply for surrender directly online. The policy details page will generally provide a surrender entrance; Commercial endowment insurance has no special requirements for surrender. Generally, the period of hesitation is 10, 15 and 20 days after the applicant/insured receives the insurance contract. The specific number of days is subject to the insurance contract, and the premium paid can be refunded. After the hesitation period, the cash value of the policy can be refunded.

To sum up, employees should participate in the basic old-age insurance, and employers and employees should jointly pay the basic old-age insurance premium; Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

Legal basis:

Article 10 of People's Republic of China (PRC) Social Insurance Law

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.