On February 21, the China Banking and Insurance Regulatory Commission issued the notice on expanding the pilot scope of exclusive commercial endowment insurance, expanding the pilot area of exclusive commercial endowment insurance to the whole country. Data show that since the pilot on June 1 last year, as of the end of January this year, the pilot companies have underwritten premiums of 400 million yuan.
“Compared with ordinary workers, the new forms of employment represented by travel, takeout, instant distribution, intra city freight and other industries have high work intensity. Although the income is relatively high and the wage payment security is ideal, social insurance is a weakness, especially in terms of occupational security.” Lou Yu, a professor at the Institute of social law of China University of political science and law, said in an interview with the Securities Daily that platform enterprises should guide and support new forms of employment that do not fully meet the conditions of establishing labor relations. Workers should participate in corresponding social insurance according to their own conditions.
policy continuation
the participation rate of industrial injury insurance for couriers in many provinces exceeds 90%
In December 2020, the executive meeting of the State Council required “to develop appropriate supplementary endowment insurance for the needs of Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) new business employees and various flexible employees”.
In May 2021, the China Banking and Insurance Regulatory Commission issued the notice on carrying out the pilot of exclusive commercial endowment insurance, listed Zhejiang (including Ningbo) and Chongqing as two pilot provinces and cities in China, and determined that PICC Life Insurance, China Life Insurance Company Limited(601628) , Taiping Life Insurance, The Pacific Securities Co.Ltd(601099) life insurance, Taikang life insurance and New China Life Insurance Company Ltd(601336) 6 companies participated in supporting the pilot of exclusive commercial endowment insurance.
In June of the same year, the State Post Office, the Ministry of human resources and social security and other seven departments jointly issued the opinions on ensuring the legitimate rights and interests of courier groups, which clearly put forward eight tasks and measures, including interest distribution, labor remuneration, social insurance, working environment, enterprise responsibility, standardized management, network stability and career development. In October, the China Banking and Insurance Regulatory Commission issued the guiding opinions of the general office of the China Banking and Insurance Regulatory Commission on further enriching the supply of life insurance products, encouraging and supporting insurance institutions to actively play a supplementary role of commercial insurance, strengthen the connection with the basic social security system, and give full consideration to the working characteristics of employees in the new business format of Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) and various flexible employees, Accelerate the development of suitable commercial endowment insurance products and all kinds of accidental injury insurance products.
In December 2021, the general office of the Ministry of human resources and social security and the office of the State Post Office jointly issued the notice on promoting the priority of grass-roots express outlets to participate in work-related injury insurance.
It can be seen that the policy continues to advance. What it brings is that people with flexible employment have obvious willingness to participate in insurance.
Relevant data show that as of September 28, 2021, 6 pilot insurance companies in Zhejiang (excluding Ningbo) have sold 2303 exclusive insurance policies with a premium of 47.4373 million yuan. Taking the participation in work-related injury insurance as an example, the participation rate of express employees in many provinces is more than 90%. For example, according to the relevant data of Anhui postal administration, the participation rate of work-related injury insurance for express workers in Anhui Province is 96.75%.
express exclusive commercial endowment insurance flexible
at least 100 yuan can be insured
Compared with traditional commercial endowment insurance, the exclusive commercial endowment insurance products for couriers have the characteristics of flexibility, safety, long-term, strong selectivity and more benefit to the people. In terms of flexibility, the minimum amount of insurance payment is low, and some companies can insure at least 100 yuan during the pilot period. At the same time, the payment time is also very flexible. The monthly payment and annual payment can be single payment. If the investor’s funds are tight, the payment can also be suspended, and the old-age insurance account will not become invalid.
“However, the exclusive endowment insurance is still in the pilot stage. According to the pilot after this expansion, if the time is ripe, it is not ruled out that the exclusive endowment insurance may be transferred to the daily business sequence of insurance enterprises in the future.” Insiders said.
According to the introduction of the China Banking and Insurance Regulatory Commission, by the end of January 2022, six pilot companies had underwritten nearly 50000 insurance policies with a total premium of 400 million yuan. At the end of last year, Chongqing postal administration and Chongqing banking and Insurance Regulatory Bureau guided Chongqing express Association and Chongqing insurance industry association to jointly issue the implementation plan for the promotion of exclusive endowment insurance for express groups in Chongqing, Launch exclusive endowment insurance solutions in the express industry in Chongqing.
The relevant person in charge of Chongqing Insurance Industry Association told the Securities Daily, “although this insurance was originally developed for couriers, in addition to couriers, new employment groups such as online car Hailing drivers and anchors, as well as flexible employment personnel such as individual industrial and commercial households and catering personnel can also buy it.”
So, what do employees think of this new type of endowment insurance? Xiao Yang, an employee of Chongqing express, said, “the company has provided you with basic insurance such as industrial injury insurance before, but if we can have more heavy protection, we are also willing to plan for the future.” Xiao Yang believes that taking advantage of being young, doing more and earning more plans, and making more from less is also beneficial to himself.
Compared with Xiao Yang, Wang Junming, a delivery clerk in Beijing, has not yet enjoyed exclusive commercial insurance, but he is still looking forward to: “more insurance means more protection. Whether I work in the city or may return to my hometown in the future, for myself, I still hope the protection can be more perfect.”
Referring to the current protection for new employment groups, especially for couriers and takeout workers, Lou Yu believes that, There are still two difficulties to be solved: On the one hand, there are still difficulties in opening up registered residence in some super large city, which is affected by the level of overall planning, and there are many obstacles in the transfer and application of other places. On the other hand, it is not clear that the standards of labor relations are not completely consistent, and the objects of platform enterprises’ guidance and support are difficult to determine, and what measures to guide and support include and continue to explore.
