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National Pension Insurance Benefit Types

Answer
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.

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