Insurance Blog

Chinese old-age insurance system after the reform of China's pension insurance system is divided into three levels:

First,the basic old-age insurance, which is based on national unity policies and regulations imposed to protect the majority of the basic needs of retired personnel of a pension insurance system;

Second,upplementary pension insurance company, which is the enterprise in accordance with their economic strength, national implementation of the provisions in the policy and implementation under the conditions established by the enterprise employees a supplementary old-age insurance by the State macro-guidance to the implementation of internal decision-making;

Third,personal savings of chinese old-age insurance, which is the voluntary participation by individual workers, voluntary agencies handling the form of supplementary insurance. After the two levels of enterprises and individuals can choose to make old-age social insurance premiums deposited in accordance with the regulations set up by chinese old-age insurance fund account, you can choose to commercial insurers.