Is the endowment insurance cumulative or continuous?

Endowment insurance is calculated cumulatively.

The purpose of paying endowment insurance is to receive a fixed pension every month after retirement.

The payment method of social security fund is as follows:

1. Intermediary payment: Choosing a suitable social security agency for payment is the most direct and worry-free remedy, and the amount of payment will be high. We not only need to pay the necessary fees for social security, but also pay the service fees of social security agencies;

2. Social Security Bureau pays by itself: For local people, they can go directly to the Social Security Bureau and pay social security for urban workers or urban residents;

3. Subsequent payment: The years of pension and medical insurance can be accumulated. If the payment is cut off, you can only pay enough after several years. So we can also choose to return it sometime in the future.

The difference between social security continuous payment 15 years and cumulative payment 15 years is as follows:

1, getting a pension is different. The pension insurance premium is calculated as cumulative payment 15 and continuous payment 15, in which the payment period is the same, but the difference is that when paying social security, the average social wage is different, which will affect the payment base of social security;

2. The impact is different. Accumulated social security payment 15 years is usually a requirement in endowment insurance. Continuous payment of social security 15 years will generally affect the acquisition of qualifications. For example, in some cities, social security needs to be paid continuously when buying a house, settling down and enrolling children. Once there is a gap in the middle, it is not a continuous payment of social security and needs to be recalculated.

3. Different needs. Accumulated payment of social security 15 years, and the requirement of old-age insurance reaches 15 years before they can receive the pension at the legal retirement age. Men with medical insurance for 25 years and women for 20 years can enjoy retirement medical insurance for life after retirement, but continuous payment of social security affects their qualifications.

To sum up, individual account pension and transitional pension will be directly affected when people who pay endowment insurance premiums intermittently meet the retirement conditions stipulated by the state and plan the basic endowment insurance benefits.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.