By the end of 2020, the accumulated balance of China's pension funds was 4.5 trillion yuan, and the overall income exceeded the expenditure. Last year, the state reduced the social security fees of large and small enterprises, and the endowment insurance fund still accumulated considerable funds. This year, social security premiums were paid in full, the minimum payment base of social security in various places increased, and the funds entering the social security pooling fund increased.

In addition, the state has also broadened the income channels of the fund. According to statistics, the investment income of the basic old-age insurance fund in 2020 is11357.7 billion yuan, which can also make up for the gap of the old-age insurance fund.

Matters needing attention in purchasing insurance funds

Generally speaking, it depends on the insurance company's shareholder stability, investment level, solvency, service capacity and the number of institutions (ABCD).

To buy medical insurance, it is best for insurance companies to have local service agencies to facilitate claims settlement. Because seriously ill products are one-time payment products, the requirements for local services are not high. Internet insurance company products or non-local agent products can be considered, and there is generally no territorial requirement for death and accident products.