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What kinds of endowment insurance are there?
1. Basic old-age insurance for urban employees: All employees of the enterprise need to participate in this insurance, which is compulsory by the state and must pay fees. Men are 60 years old, women workers are 50 years old, and women cadres can stop paying wages when they retire at the age of 55.

2. Flexible employment pension insurance for individual industrial and commercial households: voluntary participation is not mandatory, and men are 60 years old and women retire at 55 years old.

3. Endowment insurance for urban residents: voluntary participation. Anyone who has reached the age of 16 and has not participated in the endowment insurance for urban workers or individual industrial and commercial households can participate in the insurance. The man is 60 years old and the woman is 55 years old.

4. Rural endowment insurance: voluntary participation. Those who have reached the age of 16 and have not participated in the endowment insurance for urban workers or individual industrial and commercial households can participate in the insurance. The man is 60 years old and the woman is 55 years old. After retirement, you can receive a pension directly without paying. Children who meet the insurance conditions shall participate in endowment insurance.