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Social security benefits for parents of the only child.

The relevant regulations on the only child in different places are not uniform. In my area, the parents of the only child can get a one-time subsidy of 3600 yuan after retirement. If there is no social security, both parents can get 80 yuan allowance every month after they reach the age of 60.

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