202 1 New Rural Endowment Insurance Policy

Legal Analysis: The payment standard of 202 1 new rural insurance policy is set to five grades: annual 100 yuan, 200 yuan, 300 yuan, 400 yuan and 500 yuan. Those who have reached the age of 60 and have not enjoyed the basic pension benefits for urban workers before may receive the basic pension on a monthly basis without paying fees. However, children who meet the insurance conditions should pay insurance fees. If the distance is less than fifteen years, it should be paid every year. If the accumulated payment exceeds fifteen years, it shall be paid year by year, and the accumulated payment shall be greater than or equal to fifteen years.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 20 The state establishes and improves a new rural social endowment insurance system.

The new rural social endowment insurance combines individual contributions, collective subsidies and government subsidies.

Twenty-first new rural social endowment insurance benefits are composed of basic pension and personal account pension.

Rural residents who participate in the new rural social endowment insurance meet the conditions stipulated by the state and receive the benefits of the new rural social endowment insurance on a monthly basis.