Endowment insurance is an important constituent part of social security system and is one of the most important insurance varieties among social five big insurance varieties. Besides, the purpose of endowment insurance is to guarantee basic life demands of the elder people and provide stable and reliable source of income to the elder people. Today I would like to inform you of the main characteristics of endowment insurance as follows.

First of all, endowment insurance is made by our nation and should be forcibly carried out as well as enterprise units and individual must take part in this system. Furthermore, people who are in line with endowment conditions can get old-age pension from social insurance department.

Secondly, the source of endowment insurance expense is generally burdened by three sides including nation, unit and individual or jointly burdened by both sides including unit and individual. Moreover, this also needs to realize extensive social mutual aid.

Thirdly, endowment insurance has sociality and has very great effect as well as the amount of people who feast it is large and people can also feast it for a quite long time. Therefore, endowment insurance expense expenditure is huge and specialized endowment insurance agency must be set up as well as brought into effects of modernized, specialized, socialized unified planning and management.

Retirement question is not only a social problem, but also a global question. In addition, retirement question concerns the economic and civilized development of a nation or society and needs to be our paid sufficient attention to.