The two insurance premiums for urban and rural residents refer to social pension insurance and urban residents’ pension insurance premiums.

After the "two insurances" for urban and rural residents were transferred to the taxation department, in accordance with the working idea of ??"government-led, departmental coordination, and social participation", local taxation departments relied on multiple resources and made full use of information technology to actively expand "Contactless" payment channels make payment more convenient and faster.

The benefits of basic pension insurance for urban and rural residents are as follows:

1. It can provide certain pension benefits to the insured to help them maintain their basic living needs after retirement. The payment of pensions can relieve the financial pressure of insured persons and improve their quality of life.

2. The basic pension insurance for urban and rural residents can also provide certain medical protection for the insured. When the insured person becomes ill or needs medical services, he or she can enjoy certain medical expense reimbursements. This is an important guarantee for urban and rural residents, especially families with financial difficulties.

3. The basic pension insurance for urban and rural residents can also provide certain unemployment protection for the insured. When insured persons lose their jobs, they can enjoy certain unemployment benefits to help them tide over the difficulties and re-employ.

To sum up: the basic pension insurance for urban and rural residents is an important social security system and is of great significance in ensuring the basic pension needs of urban and rural residents. Insured persons must pay premiums on time to ensure their pension benefits. At the same time, the government should also increase the publicity of the basic pension insurance for urban and rural residents, increase the insurance participation rate, and provide pension security for more urban and rural residents.

Legal basis:

1. "Social Insurance Law of the People's Republic of China"

Article 20

State Establishment and improve the new rural social pension insurance system. The new rural social pension insurance combines individual contributions, collective subsidies and government subsidies.

Article 21

New rural social pension insurance benefits consist of basic pensions and personal account pensions. Rural residents who participate in the new rural social pension insurance and meet the conditions prescribed by the state will receive new rural social pension insurance benefits on a monthly basis.