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What endowment insurance should I buy at the age of 5?

you can buy old-age insurance at the age of p>5. If an individual buys old-age insurance, the materials required for the individual to pay old-age insurance are as follows:

1. If a person chooses a job freely, he/she needs to bring his/her town household registration book, ID card and a copy;

2. If it is a person except for labor relations, you need your town household registration book and ID card. However, the basic old-age insurance fund is paid by employers and individuals and subsidized by the government.

Legal basis: Article 16 of the Social Insurance Law of the People's Republic of China

Individuals who have participated in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age.

individuals who have participated in the basic old-age insurance and have paid less than fifteen years when they reach the statutory retirement age can pay for it until they have reached fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Article 17

If an individual who participates in the basic old-age insurance dies due to illness or non-work-related, his survivors can receive funeral subsidies and pensions; Before reaching the statutory retirement age, those who are completely incapacitated due to illness or non-work-related disability can receive sickness and disability

If the individual is a flexible employee, what is the way to pay old-age insurance

1. The applicant submits the application materials, and the insurance relations department handles the personnel to review the materials and the applicant's conditions on the spot;

2. Deal with it immediately if it meets the requirements, and print the Approval Form for Flexible Employment Personnel to Participate in Basic Old-age Insurance, one for the applicant to keep and the other for the applicant to sign for backup;

3. those that do not meet the requirements will not be accepted, and the reasons will be explained to the applicant.

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