Endowment insurance: the minimum payment amount: 585.58 yuan for the unit and 246.56 yuan for the individual. Maximum payment amount: unit 4392.42 yuan, individual 1, 849.44 yuan. Old-age insurance is a social insurance system established by the state and society for the basic life of workers after they reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.