Taikang Life Insurance's insurance products designed around the old-age community require the insured to pay a total premium of not less than 2 million yuan before they are eligible to live in the old-age community. This pension plan is considered "too expensive".
With the construction of the second old-age community in Taikang, a number of insurance products connected with the old-age community have also begun to be sold.
According to the customer service staff of Taikang Life Insurance, there are a variety of products that connect with the old-age community at present. Starting from 2 million yuan, the insured needs to pay at least one or more premiums of not less than 2 million yuan, and only when they reach the legal retirement age can they get the qualification to live in the old-age community. After the product expires, the pension will be returned every year until death. At the same time, if the insured living in the old-age community is less than the actual ability, the immediate family members of the insured who have reached retirement age can have priority.
But paying 2 million yuan does not mean once and for all. According to the terms of the contract, buying insurance is only qualified to live in the old-age community, which is equivalent to exempting the house rent for the next few decades, while the property fees, health fees, utilities, nursing fees and other expenses still need to be paid after living in.
laws and regulations
People's Republic of China (PRC) social insurance law
Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund.
Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.
Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively. Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premium should be paid by the government during the payment period.
When the basic old-age insurance fund is insufficient to pay, the government gives subsidies. Fifteenth basic pension consists of overall pension and individual account pension.
The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.