Research On The Participation Of Commercial Insurance In Social Endowment Insurance

Since the establishment of the basic endowment insurance system in the early1990 s,after nearly 30 years of development,the three-level framework of the endowment insurance system has been initially established.However,from the overall perspective,the development is unbalanced,and the basic endowment insurance still presents a unique phenomenon,bearing most of the pension responsibility of our country;the coverage of supplementary endowment insurance is relatively narrow,and the third level is also relatively narrow It is in the initial stage of pilot and exploration.The report of the 19 th National Congress of the Communist Party of China emphasizes "strengthening the construction of social security system",and clearly puts forward "building a multi-level social security system covering the whole people,balancing urban and rural areas,with clear rights and responsibilities,moderate security and sustainability,in accordance with the requirements of taking the bottom line,organizing a dense network and building a mechanism".Through continuous improvement and adjustment,we should gradually form a multi-level endowment insurance system with reasonable structure,comprehensive functions and multi participation.Vigorously developing commercial insurance is one of the key points,which can increase other sources of national endowment reserve.For the basic endowment insurance fund,the main problems are the rapid increase of payment,the lack of fund collection and the difficulty of market-oriented investment fund collection.Therefore,it is suggested to speed up the system design and make timely adjustments,enhance the long-term income increasing ability of the system and improve the investment and supervision system.For the commercial endowment insurance,it also faces the problems of narrow coverage,lack of characteristic products,and the level of employees’ business needs to be strengthened.Therefore,it is suggested to further expand the coverage of commercial endowment insurance,strengthen product research and development,and enhance the quality of personnel.In July 2018,China expanded the scope of reverse mortgage endowment insurancefor the elderly from pilot cities to the whole country,which helped the promotion of reverse mortgage endowment insurance in terms of policies.Housing reverse mortgage endowment insurance is an example of China’s commercial insurance participating in social endowment insurance.At present,this kind of insurance is still in the preliminary exploration stage in China,but it has a huge potential development space.It is of great practical significance to further study the participation of China’s commercial insurance in social endowment insurance.This paper studies the participation of China’s commercial insurance at present Starting with the current situation and actual situation of social endowment insurance,this paper analyzes the development process and existing problems of China’s housing reverse mortgage endowment insurance,and then discusses the Countermeasures for China’s commercial insurance to participate in social endowment insurance.The research on this problem is not only in line with the practical significance of the era of China’s social justice entering the new normal,but also in line with China’s current economic development The specific requirements of normality are also of great practical significance for solving social problems such as the crisis of population aging and further improving the living standards and quality of the elderly in China.