Study On Commercial Insurance Supplement To The Basic Pension Insurance System

Facing the pension crisis,our basic old-age insurance has appeared many problems, such as inadequate supply of pension funds, pension fund value preservation pressure and other problems. So, is it possible to develop the commercial pension insurance to ease the pension crisis, and how to play a complementary role of commercial pension insurance to the basic pension insurance system on the basis of the old-age security currently, it will be a very interesting research topic.This study analyzes the China’s basic old-age insurance system firstly. The coverage of the current basic pension insurance system is expending, more and more groups participate in the basic pension insurance. But there have been various problems in the specific implementation process, all the disadvantages and defects given a great deal of room for the development of commercial pension insurance, and it also needs the supplement of commercial pension insurance.Then I will introduce the United States, Germany, and Britain which use the same "multi-pillar" pension system. What is the interactive mechanism of basic pension insurance and commercial pension insurance in the pension system reform process. So as to provide a useful inspiration to improve our pension system.Finally, I will analyze the necessity and feasibility to develop commercial pension insurance on the basis of the current basic pension insurance system from the actual situation in China: because of the legacy of change in the demographic situation, the enormous pressure of social security funds and value preservation of historical policy, it requires commercial insurance supplement to the basic pension insurance, it provide a feasible basis to play a complementary role of commercial insurance, because of the support of policy and the improvement of the income level and insurance awareness. It need the government and insurance industry work together to improve the pension insurance system and set up the complementary roles of Commercial Insurance: On the one hand the government should provide policy support, preferential tax policies and complete supervision and management system; On the other hand, the insurance industry itself should be innovative pension products and services, expand the coverage of existing business and establish a supervision mechanism in the insurance industry, to make sure the healthy and benign development of commercial pension insurance and make sure a complementary role of commercial pension insurance to the basic pension insurance system effectively..