The specific proportion of social security is:

Pension insurance: the employer pays 21% for you every month, and you pay 8% yourself;

Medical insurance: The employer pays 9% for you every month, and you pay 2% plus a 10-yuan critical illness plan (the major illness plan mainly covers hospitalization);

Unemployment insurance: The company pays 2% for you every month %, you pay 1% yourself;

Work-related injury insurance: The company pays 0.5% for you every month, and you don’t have to pay a penny yourself;

Maternity insurance: Every month the company pays We pay 0.8% for you every month, and you don’t have to pay a penny yourself;

Housing Provident Fund: The unit pays 8% for you every month, and you pay 8% yourself

More than Calculating this, the proportion of social security your employer pays for you every month should be 21%+9%+2%+0.5%+0.8%+8%=41.3%

What you pay for yourself every month The proportion of social security paid should be 8% + 2% + 10 yuan + 1% + 8% = 19% + 10 yuan

Leaving aside the 10 yuan you pay for the time being, the proportion paid by the unit is the same as yours The payment ratio should be 413:190. This means that if you pay 190 yuan for your social security every month, your employer will pay 413 yuan into your social security account. The added money should be 413+190=603 yuan

So when you can’t see it, the social security fee paid by your employer is actually more than twice yours, so you pay social security every month. Don't feel bad when paying the premium~ You have to know that the employer pays much more than you pay, and it is actually the employer that feels distressed.

Speaking of the three insurances and one fund and the five insurances and one fund, everyone should have seen it here. In fact, the three insurances and one fund mentioned in the Jianghu are exactly the same as the five insurances and one fund. It is just the three insurances. The first fund is based on the insurance paid by you personally (pension + medical + unemployment + provident fund), and the five insurances and one fund are based on the insurance paid by your employer (pension + medical + unemployment + work-related injury + maternity + provident fund). Calling three insurances and one fund into five insurances and one fund is actually just a nice thing to say.

In addition to your employer paying social security for you, in fact, people who are unemployed but have income, or people who have an employer but their employer does not pay social security, can also pay social security by themselves. However, individuals can only pay pension insurance + medical insurance. You can't afford to pay for work-related injuries, childbirth, unemployment, or provident fund.

The following is an introduction to what is the social insurance payment base

You have just known that the ratio of social insurance paid by the unit every month to the ratio you pay is almost 413:190, so now Another question arises: What is the relationship between the social security premiums you pay every month and this ratio? How are the social security premiums determined?

You may not have noticed that every province and city will have annual social security premiums on July 7. At the beginning of the month, a "minimum social insurance payment base" was released. This base was determined after statistics and calculations based on the average salary of employees in the previous year + benefits + various subsidies and other miscellaneous expenses. The minimum base announced by Nanjing in July this year was 1189 Yuan, what does this mean? It means that as long as Nanjing is a formal unit that pays social security for its employees, the monthly payment for each employee is at least 1189 × 41.3% = 491 yuan, and the employee must pay at least 1189 × 41.3% = 491 yuan every month. 1189×19%+10=236 yuan, so the social security fees you and your employer should pay every month will be calculated.

But now a new problem has arisen. The wages of employees in Nanjing are very different. Some people get 1,000 a month, and some people get 10,000 a month. Are they supposed to pay the same social security for those who get 1,000 and 10,000? Fee?

Please note that 1189 is the lowest base, and there is a highest base above 1189. The highest base in Nanjing this year seems to be more than 8,000. I have forgotten the details. Anyway, if your salary is per If the monthly payment is less than 1189 yuan, the employer must also pay 1189×41.3%=491 yuan for you based on 1189 yuan, and you must pay at least 1189×19%+10=236 yuan every month. This is 1189 as the minimum social security The significance of the payment base is: even if you get 1,000 or 800 yuan a month, you must pay the minimum monthly payment of 1,189!

But if your salary is higher than 1,189, for example, you If you get 3,000 yuan a month, when your employer goes to the labor bureau to pay you insurance (your employer and the social security fees you pay are both deducted by the labor bureau~), you should say to the labor bureau: "Yeah, we have it here. "A comrade earns 3,000 yuan a month, please deduct social insurance premiums according to the standard of 3,000 yuan." Then the Labor Bureau will use 3,000 yuan as the payment base to deduct the money from your company and you and then transfer it to your social security account. At this time, you should pay 3000×41.3%=1239 yuan every month, and you should pay 3000×19%+10=580 yuan every month

That is to say, if your salary is If your salary is less than 1,189 yuan, then you will pay 1,189 yuan every month; if your salary is more than 1,189 yuan, then you will pay your actual salary every month, unless your salary is higher than the highest base. If you are a If you get 10,000 per month and the highest base is 8,000, you and your employer will pay according to 8,000.

Here I want to expose the shameless practices of some companies. These companies may give you thousands of wages every month. However, when they go to the Labor Bureau to declare your base, they will not report it according to your actual salary. For example, if you receive 3,000 yuan per month, they may go to the Labor Bureau and say that you only receive 1,189 yuan, and then the Labor Bureau will report it every month. You will only be deducted 1189 × 19% + 10 = 236 yuan. I am afraid you are still very happy because you think the deducted amount is small, but the amount of money you actually get is wrong! If this is the case, your company will be too shameless! Because the company The amount you pay is more than twice as much as yours, so the less you pay, the less they pay! If calculated based on your actual salary of 3,000, they should pay you 3,000 × 41.3% = 1,239 yuan in social security every month Fees, and calculated according to 1189, they only pay 1189×41.3%=491 yuan for you every month! So in fact you suffer a big loss! Regular companies will only declare your actual salary to the labor bureau and then deduct it. Money! Only those scumbag companies will pay you according to the minimum standard no matter how high your salary is!! Don’t think that the less you deduct from your social security fees every month, the better!! Maybe you have been shamelessly cheated by the company Bullied and you are completely unaware!!! It is very simple to determine the base amount paid by your employer for you: if you deduct 300 yuan in social security every month, then your base amount is almost 300÷19%≈1578 yuan. See if your salary is this amount. If your salary is obviously higher than 1578, for example, you actually get 3000 or 4000 every month, then you must have been bullied by the company. After being bullied, you can go to the local company

The Labor Inspection Brigade will file a lawsuit against your work unit. Generally, the report will be accurate. However, it is best to find the evidence (such as salary slips, etc.) when you leave your job before filing a lawsuit. Otherwise, you will not be able to work in the company after you file a lawsuit. --+It should be noted again that the proportion of social security in different places is different. If you are not in Nanjing, your contribution proportion is probably not 19%, but it will certainly not be too different. For example, your base may be 20% or 22%, but it will definitely not be 30% or 40%! So although 19% is the proportion in Nanjing, students from other places can also use this to roughly calculate their own base

The following is an introduction to the specifics of these social security fees. What is it and how to use it

As mentioned before, social insurance = pension insurance + medical insurance + work-related injury insurance + maternity insurance + unemployment insurance + housing provident fund

Let’s talk about pension first The insurance is ready

Generally, you have to pay for this insurance for 15 years before you can enjoy the pension for life when you retire.

Therefore, students who want to receive pension insurance must start paying it 15 years before retirement. This is almost the same rule outside Nanjing. If you have paid pension insurance for less than 15 years by the retirement age, the country will wait until you retire. All 8% of the pension deposited in your personal account will be refunded to you

Then you will ask, where has the 21% paid by your employer gone? Don’t expect the state to give this to you After you retire and take away your personal money, the state will transfer all 21% of the money paid by your employer to the state's pension pool fund. From then on, this money will have nothing to do with you anymore. You may Said: Damn it! That’s my money, why don’t you give it to me

Because that’s what the country stipulates

When refunding money, only the money that the individual has deducted will be refunded to the individual. , all the money paid by the employer for him has contributed to the country--

Let's take a look at how your pension is calculated when you retire

The algorithm of pension It's very complicated, because the country changes the payment base every year. For example: if you are 30 years old now, your current payment base is 3,000 yuan, and if the retirement age is 55, then you must be 40 years old. I started paying pension insurance before, and if you start paying it now when you are 30 years old, it will be 25 years until you are 55 years old. Then first of all, you will definitely be able to enjoy the pension. Secondly, if you pay 3,000 yuan in premiums after 25 years The base has become 6,000 yuan (I'm talking about if), then when you are 55 years old, you can first get a basic pension of 6,000 × 20% = 1,200 yuan every month. This is given to you by the state. In addition, your The money in your personal account has been accumulated a lot in 25 years. If you average the payment base, (3006000)÷2=4500, then you should have 4500×8% in your personal account in the past 25 years (you The personal proportion of pension insurance paid) × 25 years × 12 months = 108,000 yuan, then in addition to the previous 1,200 yuan, you can also get 108,000÷120 = 900 yuan every month, so that every month starting from the age of 55 At least you can get a pension of 120900=2100 yuan. Of course, the national base is still rising every year. In this way, in addition to your own 900 yuan every year, you will get more than 1200 yuan every month after retirement. Then of course your pension will be more and more.

So the more you pay for pension insurance, the better. The more you pay, the more you will enjoy after retirement. Moreover, every year, the country After adjusting the base, you will get more and more money. It is possible to pay 1,000 now and get 1,500 ten years later. Here is a perverted policy. No matter where you pay social insurance, when you retire, you will get 1,500. You can only return to your place of residence to enjoy local retirement benefits. From this point of view, people who pay social security in places with a high base but retire and enjoy pensions in places with a low base will suffer a big loss. Why do you say this? Let me give you an example. For example, if you worked in Nanjing when you were young, paid social security for 20 years and then retired, but if your household registration is in Heilongjiang, you must return to Heilongjiang to enjoy your pension. If you paid the average base for 20 years in Nanjing It’s 3,000 (I’m talking about if), and when you retire, Heilongjiang’s payment base is only 1,000 (I’m talking about if), then you can only enjoy 1,000 benefits when you retire! This is a big loss! In a word , if you pay social security in a rich place but return to a poor place to enjoy social security when you retire, you will pay a lot in your life but enjoy very little! If you pay 3,000 yuan, you may only enjoy 1,000 yuan! This is a terrible thing, but there is no way , this is the policy of the country, so all students who are currently registered in places with low bases such as the West but work in places with high bases such as Beijing or Shanghai and pay social security should pay attention. You should either pay social security in the West, or pay it before retirement. Move your household registration to Beijing or Shanghai, otherwise you will be making a huge loss in your life

Then you may say, if my household registration is in Nanjing, then I can live in Heilongjiang for 20 years. Well, pay money in a place with a low base, and when you retire, go back to a place with a high base to enjoy high benefits. Wrong! Do you think the Nanjing Municipal Labor Bureau will let you enjoy it casually?! In this case, Nanjing will usually find someone The reason is to directly refuse your transfer! Then you will be smart but you will be mistaken: you can’t enjoy it in Heilongjiang, and you can’t enjoy it in Nanjing! However, some places have some easing regulations for this situation. For example, Nanjing allows you to retire before 5 years from a low base

Transfer back to Nanjing, and then continue to pay Nanjing's high base for 5 years in Nanjing, and then you will be allowed to return to Nanjing to enjoy your pension. This policy is probably different in different places. Students who plan to transfer in the future are best to go to work in your local area now. The bureau should clarify this issue to avoid unexpected accidents when you retire!

Let’s talk about medical insurance

The policy of this insurance country is pretty good, but the important thing is hospitalization reimbursement Many people mentioned before that the monthly medical insurance paid by your employer is 9%, and the monthly medical insurance you pay for yourself is about 2% plus 10 yuan for a serious illness plan. This serious illness plan does not care about anything else and only cares about your hospitalization. Of that 11%, the state will add your own 2% to your medical insurance account every month. If you pay social security according to the minimum base of 1,189 yuan every month, then 1,189 × 2% = 23.78 yuan is the state’s monthly payment. With the money sent to you personally, you can accumulate this money and directly swipe your card to buy medicine or see a clinic, and the remaining 9% will be calculated by the state into the medical overall fund

According to Nanjing's regulations, If you started paying for medical insurance in January 2007, then you can swipe your card to buy medicines or see outpatients from February 2007, and your hospitalization expenses can be reimbursed from July 2007. The application is quite complicated. Yes, let me give you an example:

If you were hospitalized on August 1, 2007, you would be admitted to the best tertiary hospital in Nanjing. During your hospitalization, you would use medicines and surgeries covered by medical insurance. + Hospitalization and other expenses cost 5,000 yuan per ***, then when reimbursing, the medical insurance center will first deduct 1,000 yuan, which is the starting price. The remaining 4,000 yuan can be reimbursed by the medical insurance center for 4,000 × 86% = 3,440 yuan. You only need to pay 4000×14%=560 yuan is enough. Adding the previous starting price of 1,000 yuan, you only need to pay 1,560 yuan for spending 5,000 yuan, and this 1,560 yuan can also be deducted from your medical insurance card (if you (I don’t usually use that card), so it actually doesn’t cost you much for hospitalization. Medical insurance is much more important to us young people than pension insurance. After all, medical treatment and hospitalization are too damn expensive. This is also the most important thing about participating in social insurance. The significance is that Nanjing City stipulates that medical insurance must be paid for 25 years before you can enjoy it for life after retirement. Therefore, if you retire at the age of 55, you must start paying for medical insurance at the latest when you are 30 years old

The following is Let’s talk about work-related injury insurance

This insurance is generally rarely used in practice, and I don’t have much contact with it. I need to remind everyone that if something happens to you at work or when commuting to and from get off work, this insurance will It comes in handy

But in practice, many people have accidents and do not pay attention to preserving evidence, which results in them not being able to enjoy work-related injury insurance. This is a pity. If you are hit by a car when you are off work, you should Call the police as soon as possible and let the police come to investigate, record, take photos and collect evidence. After the police handle it, they will issue you an accident certificate or something like that. You can take this to your work unit and ask for a work-related injury report. If you have an accident, just let it go. If a person runs away and there are no witnesses or call the police, then it will generally not be accepted as a work-related injury without evidence

There is also a statute of limitations for work-related injuries. If you were born on July 1, 2007 If you have a work-related injury, you must report it to your work unit immediately, hand over the evidence and accident appraisal certificate issued by the police, and your medical records of medical treatment or hospitalization after the work-related injury to the work unit, and ask your work unit to take these materials to conduct a work-related injury appraisal. Your work unit must Submit your valid materials to the work-related injury identification center before August 1, 2007. If it is more than one month away from the date of your work-related injury, the work-related injury may not be identified. If your unit does not go to the work-related injury identification center for you, then You can take the materials to the appraisal center for appraisal yourself. It is best not to exceed one month, otherwise it will be very troublesome

Let’s talk about maternity insurance

This is explained with an example. , if you are a girl, your monthly salary is 1,000 yuan, you start paying maternity insurance on January 1, 2007, the payment base is 1,189, and you get pregnant in March 2007, give birth to a child at the end of December 2007, January 2008 If you are discharged from the hospital in 2020, you should quickly submit your marriage certificate (unmarried children cannot be reimbursed) + only child certificate (generally speaking, those who have given birth to two children cannot be reimbursed) + medical records + card examination and all invoices for hospitalization and surgical expenses + Submit all materials such as hospitalization list + discharge summary to the company. If you spent 500 yuan for examination during pregnancy, and 2,000 yuan for hospitalization + surgery when you gave birth, generally speaking, the company will provide you with medical insurance.

Basically, you can be reimbursed within the prescribed range. The money given to you after reimbursement includes: 500 yuan for examination fee + 2,000 yuan for hospitalization and surgery fee + 1,189 yuan/month × 4 months = 7,256 yuan, 1,189 yuan/month × 4 months This is a special subsidy provided by the medical insurance center for girls who are reimbursed. Only girls can get it if they reimburse

The state stipulates that girls must be given four months’ average salary when reimbursing for maternity insurance, so if you reimburse for childbirth, Not only does it not cost money, but you can also earn 4 months’ salary! If your base payment is higher than your salary, for example, if you take 1,000 yuan and pay 1,189, then you still make money

At least you have to pay for maternity insurance It takes one year to enjoy it, please remember it

In addition, there is another problem, boys also pay maternity insurance~ So can boys enjoy maternity insurance?

If you are a boy, your wife If you don’t have a job or your workplace doesn’t pay insurance, and you paid maternity insurance for more than a year when she gave birth, you can also reimburse the maternity insurance, but taking the previous example, you can only reimburse 500 yuan for the examination. Fee + half of the hospitalization surgery fee of 2,000 yuan = 1,250 yuan, you can’t enjoy the subsidy of 1,189 yuan/month x 4 months’ salary! This is only available to girls when they are reimbursed~ For the same expense, girls are reimbursed You can get 7,256 yuan, while boys can only get 1,250 yuan for reimbursement. This is probably one of the rare policies in China that "discriminates against men" --+ Therefore, it is better for girls to plan before having a baby and start looking for one year in advance. You can make money by paying maternity insurance in an employer! And if a boy wants to marry a wife, it is best to marry a girl who has already paid maternity insurance for a year when she gave birth to a child, and the base payment is higher than her own salary! But if she is really It doesn’t matter if she doesn’t have insurance, you can still reimburse her for maternity insurance, but you’ll get four months’ unsubsidized salary, and you can only get back half of the reimbursed expenses.

Unemployment insurance

Unemployment insurance also requires you to pay for it for a year before you can enjoy it. Generally, you will get 2 months after paying for 1 year, and 4 months after paying for 2 years, but the maximum is for a lifetime. Let’s take 24 months. Here’s an example:

If you started paying insurance on January 1, 2007, and you were fired by the company in January 2008, you can ask the company to give you 2 months. Unemployment insurance, if you have paid insurance based on 1189 this year, you can get at least more than 800 yuan in 2 months

Or you started paying insurance on January 1, 2007 In January 2008, your contract with the company expired. If neither of you wants to renew the contract, you can also ask the company to get 2 months of unemployment insurance for you before leaving the company, which is more than 800 yuan, which means that the contract expires or Even if the company fires you, you can ask the company to handle it for you based on the ratio of two months of unemployment benefits a year. If the company doesn't handle it for you, you can sue it.

But if you resign on your own before the contract expires, you will not be able to enjoy unemployment insurance even if you have paid for 1 year.

As long as you resign on your own, let alone pay 1 Even if you pay unemployment insurance for 10 years, you won't get a penny when you resign.

The housing provident fund is a good thing

Let’s put it this way, if you pay 200 yuan for the provident fund every month, then the company will also add 200 yuan to your account every month. When you buy a house, this is 400 yuan. If you pay 50,000 yuan in your lifetime, then you will have 100,000 yuan in your account. Don't refuse this kind of good thing.

The provident fund can be used to buy a house, repay loans, decorate and so on. If you can find land to build a house in your own home, the money to build the house can also be paid from the provident fund

If You have never used this money, but it seems that you can withdraw all the money when you finally retire

[Advanced] Various supplementary instructions [5KB]

Let’s talk about the differences from Nanjing Well, the city does not allow non-payment of medical insurance. In other words, the social insurance center includes pensions, medical care, unemployment, work-related injuries, and maternity, and asks the company to collect it. However, the provident fund can be paid or not, because this is under the jurisdiction of the provident fund center.

The specific proportion of social security is:

Pension insurance: the employer pays 22% for you every month, and you pay 8% yourself;

Medical insurance: The employer pays 12% for you every month, and you pay 2%;

Unemployment insurance: The employer pays 2% for you every month, and you pay 1%;

Work-related injuries Insurance: Your employer pays 0.5% for you every month, and you don’t have to pay a penny;

Maternity insurance: Your employer pays 0.5% for you every month, and you don’t have to pay a penny;

Housing Provident Fund: The unit pays 7% for you every month, and you pay 7% yourself

Supplementary Housing Provident Fund: The unit pays 8% for you every month, and you pay 8% % (this is only available to state-owned enterprises with good general benefits, and the ratio is determined by the company itself. Generally, it is moral for companies to pay a provident fund)

Another thing to mention is social security and personal tax adjustment Relationship

When paying the personal tax adjustment, the taxable base is calculated after deducting the personal deduction. However, one thing should be noted that the portion of the provident fund and supplementary provident fund exceeding 12% (individual and The portion paid by the enterprise) also needs to be counted in the taxable base

For example, the provident fund mentioned above is 7% and the supplementary provident fund is 8%. The total is 15%, so the 3% of the personal deduction must be counted. Among the tax payable, at the same time, although the 3% of the enterprise's tax is not deducted from the individual's salary, it is still included in the taxable base. In other words, the individual has to pay for the individual tax adjustment on this expense.

When it comes to medical insurance, different places have different methods of transferring money into personal accounts.

What I like to talk about is Nanjing’s method of transferring money into personal accounts on a monthly basis, and many places use a yearly method.

To be specific, the medical insurance year is from April 1 of each year to March 31 of the following year. At the same time, the change of the social security payment base is also determined in early to mid-April.

On April 1, the Medical Insurance Bureau will withhold one year's personal medical insurance (that is, the 2%) according to each person's social security base and enter it into the personal medical insurance card account. But at this time, a problem arises. On April 1, the social security base for that year has not yet been established. The Medical Insurance Bureau can only estimate the personal medical insurance premiums for the current year based on the previous year's base. So what should we do with this difference? That is to make up for the undercount or deduct the overpayment on April 1 of the next year

Maybe such a long paragraph may seem troublesome, so let’s give an example

When the Medical Insurance Bureau credited the amount to the personal account on April 1, 2006, The Social Security Center has not yet approved the payment base for 2006 (that is, the average monthly income in 2005), so the Medical Insurance Bureau still calculates the annual personal account amount based on the payment base for 2005 (that is, the average monthly income in 2004). That is, 5000*2%*12=1200,

But in fact, the amount of this person’s personal account this year should be 4000*2%*12=960,

So this The extra 240 yuan will be deducted on April 1, 2007. At the same time, the personal bonus for the new year that was credited to the account on April 1, 2007 is still 960 yuan (actually it should be 6000*2%*12=1440 yuan). The short payment of 480 yuan will be made up on April 1, 2008. return.

So because most people have different payment bases every year, almost everyone’s total account number in March each year is different from the amount of previous years’ accounts seen in April. This is what the Medical Insurance Bureau says It is generated during annual expense accounting.

There is also a time limit issue for work-related injuries. If you were injured at work on July 1, 2007, you must report it to your work unit immediately, and bring the evidence and accident appraisal certificate issued by the police, as well as the time you went to see a doctor or doctor after the work-related injury. Submit your hospitalized medical records to your work unit, and ask your work unit to take these materials for work-related injury identification. Your work unit must send your valid materials to the work-related injury identification center before August 1, 2007. If it has been more than 10 years since your work-related injury, If it takes one month, the work-related injury may not be appraised. If your unit does not go to the appraisal center for you, then you can take the materials to the appraisal center for appraisal. It is best not to exceed one month, otherwise it will be very troublesome

There is a supplement to this point. There are two ways to report work-related injuries. One is the unit declaration, which is valid within 30 days as mentioned above. The other is the individual declaration, which is valid within one year. However, due to injury or other The reason is that the longer it is delayed, the less evidence there will be. If you declare individually, you will waste a lot of time and energy because you don’t understand the process.

In terms of maternity insurance, for miscarriage, dystocia, multiple births, and premature birth, you can check the link below for details. Although it is Shanghai’s policy, there are similarities in various places.

There may be differences in policies between Shanghai and Nanjing. The company will never care about reimbursement in this area. Medical insurance is directly linked to pregnant women.

During the fertility examination, delivery and hospitalization, medical insurance will coordinate Everything within the scope is paid by the medical insurance as a whole. Of course, self-paid items (such as high-end wards, self-paid drugs, etc.) still have to be borne by yourself.

After giving birth to the child, go to the Medical Insurance Bureau to apply for maternity subsidy. The Medical Insurance Bureau will give you 3,000 yuan for social security, and then give you 3 months of basic payment income

Additional fees for late childbirth. Half a month, for multiple births, one more plus half a month

If the average monthly salary income in the previous year is greater than the upper limit of the social security payment base, then the social security will only pay the payment base, and the rest are paid by the company

For example, if a person’s average monthly salary income in the previous year was 10,000, the social security base cap was 7,392.

Then the monthly income provided by social security is 7392, and the remaining 10000-7392=2608 is paid by the employer.

(Although I think this situation is not easy for the readers in the cloud to encounter=.=.)

In fact, there are two key points:

1. Pay for one year before giving birth

2. Declare the social security payment base normally

So students, especially female students, don’t think that the company gives you It doesn’t matter whether the base number you declare is high or low. You may even feel lucky that your salary is higher because the base number is lower. At this point, you will see the problem!

This is why so many female employees would rather stay in places where wages are low but social security is fully claimed and then change jobs after giving birth. First of all, small places don’t like unmarried female employees. Secondly, maternity insurance is also a huge income supplement.

For example, if a person’s normal salary is 3,000, but her year-end bonus and other bonus income are included in the social security base declaration, then the monthly average may reach 5,000. At this time, the monthly salary will be 5,000. The income is 5,000 per month.

If you don’t use the money all the time, it seems that you can withdraw all the money when you finally retire.

It’s not superficial, it is absolutely possible!

Furthermore, provident fund loans have much lower interest rates than commercial loans, which is also a big benefit.

Extended reading: How to buy insurance, which one is better, and step-by-step instructions to avoid these "pitfalls" of insurance