Which is better, commercial endowment insurance or social endowment insurance?

Commercial endowment insurance is a kind of commercial insurance, which is the insurance that the insurance company pays the pension according to the contract when the insured retires or the insurance period expires. Social endowment insurance is an insurance system established according to national regulations, and you can enjoy pension benefits if you meet certain payment conditions. So which is better, commercial endowment insurance or social endowment insurance? Let's get to know each other.

Which is better, commercial endowment insurance or social endowment insurance?

1 From the perspective of security, the amount of commercial endowment insurance is higher than that of social endowment insurance, which only guarantees people's basic security after retirement.

2 From the perspective of payment: Commercial pension insurance can get higher pension after retirement, but the payment funds are much higher than social pension insurance.

To sum up, commercial pension insurance and social security pension insurance have their own advantages. When applying for insurance, social endowment insurance can be used as basic endowment insurance, and commercial endowment insurance can be used as a supplement to social endowment insurance to improve retirement life when there are economic conditions.