Is agricultural insurance a kind of social security?

The full name of social security is "social insurance", which is a social and economic system that provides income or compensation for people who have lost their ability to work, are temporarily unemployed or suffer losses due to health reasons.

The full name of new rural social endowment insurance is "new rural social endowment insurance", which is a social security system that combines individual contributions, collective subsidies and government subsidies to ensure the basic life of rural residents after they get old.

The difference between new rural insurance and social security lies in:

① The financing channels are wider, and the new rural insurance not only includes individual contributions, but also government subsidies;

(2) The payment method is more standardized, and the payment grade and fixed number of years are more standardized and flexible, and cannot be arbitrary;

③ The treatment calculation is more scientific, and the calculation method of combining basic pension with personal account pension is adopted to establish the growth mechanism;

(4) The bookkeeping method is more flexible. At the same time of establishing personal account, a co-ordination account is also established, which is combined with personal account;

⑤ The management level of the fund is relatively high, and a special financial account of the fund has been set up, with two lines of revenue and expenditure management, and personal accounts are managed at the provincial level, thus ensuring the safe operation of the fund.

It should be reminded that rural insurance and social security do not conflict. The object of agricultural insurance is rural hukou; Social security is urban hukou, including employees working in rural hukou of enterprises. If urban enterprises pay social security, they can suspend agricultural insurance; After breaking away from the enterprise labor relations, the social security paid by the enterprise can be transferred to the agricultural insurance account and then paid to the agricultural insurance.

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