Is there insurance in social security?

Social security includes: endowment insurance, medical insurance, industrial injury insurance, maternity insurance and unemployment insurance.

Therefore, endowment insurance is only one kind of insurance in social security.

The old-age insurance supports individuals to buy separately, that is to say, they don't buy social security. As long as the insured is 18 years old and has paid for 15 years continuously, they can receive the old-age pension and buy the old-age insurance by themselves.

Endowment insurance included in social security belongs to employee pension insurance, and pension can only be received at retirement age.

The credit manager suggested that if in doubt, you can consult the local social security bureau!

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