National Pension Insurance Benefit Types
Q: | What benefits does National Pension Insurance provide? |
A: |
The National Pension Insurance primarily offers five types of benefits: old-age benefit, maternity benefit, mentally/physically disability benefit, survivor benefit, and funeral benefit. |
Q: | Is there a minimum number of years required to participate in the National Pension Insurance before claiming benefits? |
A: |
Individuals who meet the eligibility requirements for benefits can claim them in accordance with the regulations, regardless of the length of their participation in the National Pension Insurance. |
Q: | What benefits does the National Pension provide for the elderly? |
A: |
The National Pension provides Old-age benefit for insured individuals. |
Q: | What are the eligibility requirements for receiving old-age benefits? |
A: |
Individuals who have participated in the National Pension Insurance, paid premiums in accordance with regulations, and accumulated the required number of insured years can apply for old-age benefit starting from the month they turn 65, by submitting a claim to the Labor Insurance Bureau. |
Q: | How long can old-age benefit be received? |
A: |
The benefits are paid monthly starting from the eligible month and continue until the month of the beneficiary’s death. |