Endowment insurance is a kind of financial fund, which has nothing to do with enterprises. Paying insurance premiums means investing in this fund. The return on investment of wealth management funds is much higher than that of bank deposits. You can get a pension from the fund after retirement. Only by paying the insurance premium on time can you get a pension in the future.

If you want to get a pension from this fund, you must pay it.

When you are employed, the unit and the individual each pay a part, which is equivalent to the agreement (or contract) between you and the unit, and has nothing to do with the pension fund (and the fund management department). The unit no longer pays, indicating that the unit has violated the agreement (or contract) between you and the unit. Your employees can sue the company as a legal person in court (your employees should be creditors, even if the company goes bankrupt, you can still auction the assets of the company and recover part of the insurance premium you paid) in order to get a reasonable solution.

In short, there are two points here. First, your relationship with the pension fund. If you want to get a pension, you must pay it in full. The other is about you and your company on the verge of bankruptcy. If it does not pay, you can sue it.