1. Individuals need to apply to the social security bureau where their registered permanent residence is located to purchase endowment insurance. Procedures include my ID card, two recent bareheaded one-inch photos, insurance premium, application form, etc.

2. Enter the website of the fund company, and you can see the recommended list of various pension funds in the pension area. You can choose a suitable pension fund according to the initial investment price and investment period of each fund;

Alipay also provides the service of purchasing personal pension. The specific steps are as follows: Open the mobile phone Alipay, enter the home page and click Citizen Center → Social Security → Personal Pension Products → Purchase.

Matters needing attention in purchasing individual pension funds:

1. Individuals need to open a special account for personal pension and a corresponding fund account in the bank to purchase pension insurance funds;

2. When choosing a pension fund, you can choose the appropriate fund type and investment strategy according to your risk tolerance and investment objectives;

3. When buying a pension fund, we should pay attention to the starting price, investment years, rates, dividends, net value trends, announcements, shareholding details and other information of the fund, so as to better understand the operation of the fund.

To sum up, individual endowment insurance is a kind of personal insurance for urban and rural residents. All urban and rural residents who are 16 years old, healthy and have the ability to work or work normally can apply to the insurance company for insurance. The insurance period of individual endowment insurance includes insurance premium payment period and pension collection period. The insurance premium payment period begins when the insured goes through the insurance formalities and pays the first premium, and ends when the agreed payment period expires; Pensions are collected from the month following the expiration of the payment period agreed by the insured until the insurer's insurance liability is terminated.

Legal basis:

Article 10 of People's Republic of China (PRC) Social Insurance Law

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.