Payment Grade of Rural Endowment Insurance in Henan Province

Legal analysis: The payment standard of rural social security is 100 yuan, and there are five payment grades in 200 yuan, 300 yuan, 400 yuan and 500 yuan (the grades can be appropriately increased according to local conditions), and the annual one-time payment is implemented. Insured farmers can choose their own payment grades according to their own economic conditions. The population covered by the newly implemented old-age insurance system is 16 years old (excluding students at school). Residents who have not participated in other social endowment insurance can participate in resident endowment insurance at their domicile.

Legal Basis: Insurance Law of People's Republic of China (PRC) Article 1 This Law is formulated for the purpose of regulating insurance activities, protecting the legitimate rights and interests of the parties involved in insurance activities, strengthening the supervision and management of the insurance industry, maintaining social and economic order and social public interests, and promoting the healthy development of the insurance industry.