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Buying endowment insurance in rural areas

Whether it is reasonable or not is a matter of opinion, but it is legal.

1. Compensation and resettlement for land acquisition, you can choose to purchase endowment insurance for resettlement.

second, what is the basic old-age insurance for landless farmers?

the basic old-age insurance for land-expropriated farmers refers to a social security system established by the state to ensure that farmers who have been legally expropriated have a good old age. The purpose is to provide long-term and reliable basic living security for farmers who have lost their land due to land acquisition according to law when they are old.

third, how to pay the basic old-age insurance fund for landless farmers?

The sources of the basic old-age insurance fund for land-expropriated farmers are mainly composed of overall funds and individual account funds.

the first part: the overall fund is mainly raised from the income of expropriated land, which is composed of government contribution, village (group) collective contribution and other funds. The village (group) collective contribution is paid by 2% from the land compensation and resettlement fee.

Part II: Individual account funds are composed of funds voluntarily paid by land-expropriated farmers and their interest. Individual voluntary payment standards are divided into two grades: 36 yuan and 66 yuan. Land-expropriated farmers can voluntarily choose one of them, and once selected, they shall not change.

iv. what are the conditions for landless farmers to apply for endowment insurance?

To apply for old-age insurance compensation, land-expropriated farmers must meet the following five conditions at the same time: the contracted land is expropriated by the people's government at or above the county level according to law; Holding the Rural Land Contract or the Certificate of Rural Land Contract Management Right when the land is expropriated; When the land is requisitioned, the household registration is at the land requisition location; After land acquisition, the per capita cultivated land area of the family is less than .3 mu (including .3 mu); At least 16 years of age.

5. What is the compensation standard of the old-age insurance for landless farmers?

the compensation standard of one-time old-age insurance given by the people's governments at or above the county level to farmers whose land has been expropriated shall be determined by not less than three times the annual per capita net income of rural residents in the city and state where the land was expropriated. Persons over 6 years old (including 6 years old) at the time of land acquisition shall be fully compensated according to the compensation standard of one-time old-age insurance; For those who are under 6 years old (59 to 16 years old) at the time of land acquisition, the compensation standard will be reduced by 1% of the full compensation for each year of age reduction.

Further reading: How to buy insurance, which is better, and teach you how to avoid these "pits" of insurance.