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What is Tai 'an rural endowment insurance used for?
Tai 'an rural old-age insurance carries the household registration book (or ID card) and the rural old-age insurance "proof of payment" for collection. When the insured reaches the age of receiving pension, he shall apply to the agent of the administrative village or township enterprise or institution where the account is located. After passing the examination, the rural social insurance agency of the county (District) Labor and Social Security Bureau will issue the rural social endowment insurance "receipt voucher", and the insured person will receive the pension from the bank or agency with the "receipt voucher".