Endowment insurance fund is the total amount of funds raised through various ways such as endowment insurance paid by individuals and enterprises, endowment insurance stored by individuals or commercial endowment insurance. It is a special fund reserved for the establishment, maintenance and development of endowment insurance, which is mainly used for the basic life of the elderly after retirement. Let people have no worries, be able to rely on when they are old, enjoy the stability and beauty of society, relieve the pressure for society and enjoy family happiness. Endowment insurance is an important part of the social security system, and it is the most important insurance among the five insurances and one fund. If you want to know more about the endowment insurance fund, come and have a look with me.

Brief introduction of endowment insurance fund

First of all, let's look at the characteristics of pension funds. It has sociality, saving and mutual assistance, which is also the basic feature of the endowment insurance fund. Sociality is a social policy to promote social economic development and social stability. Its saving nature allows people to invest in advance through personal accounts and reserve funds for future basic pension funds.

Sources of endowment insurance fund: First, the basic endowment insurance premium paid by enterprises. According to the total wages of enterprise employees and the proportion stipulated by the local government, it is extracted before tax. The second is the basic old-age insurance premium paid by individuals. The third is the state financial subsidy. The pre-tax extraction of enterprise contributions also reflects the state subsidies.

There are also five misunderstandings about the endowment insurance fund:

One of the misunderstandings: the date of deduction can be any day.

Myth 2: You can only vote on a monthly basis.

Myth 3: Fixed investment agreement will be invalid if it is missing or wrongly recorded.

Myth 4: Fund redemption can only be redeemed once.

A Case Study of Endowment Insurance Fund

Because Mr. Chen has no son, he has been worried about the future pension. Although his daughter is very filial, she doesn't want to disturb her often. Because Mr. Chen worked as an engineer when he was young, he often went on business trips and often encountered accidents, so Mr. Chen's insurance awareness is still very good. So he bought himself an endowment insurance fund, which not only solved his pension problem, but also brought some extra income. Mr. Chen said that people are old and don't want to bother their children, but they can't go out to work when they are old. It is also good to buy an insurance as your own old-age security.