Age of Life Insurance Eligibility Based on Retirement Age

09:49, 11/07/2024

This is the newly supplemented content stipulated in Circular 130/2015/TT-BTC amending and supplementing Circular 115/2013/TT-BTC dated August 20, 2013, of the Ministry of Finance guiding pension insurance and voluntary pension fund.

According to the previous regulation in Circular 115/2013/TT-BTC, based on the policyholder paying the insurance premium, the insured begins to receive retirement insurance benefits upon reaching the age as agreed in the insurance contract, but not less than 55 (fifty-five) years of age for women and 60 (sixty) years of age for men.

Circular 130/2015/TT-BTC has amended and supplemented the case where the law stipulates a different retirement age, then the provisions in that legal document regarding retirement age shall be followed.

The age to start receiving retirement insurance benefits in life insurance will be affected by the retirement age regulations.

Details in Circular 130/2015/TT-BTC which takes effect from October 10, 2015.

- Ngoc Duyen -

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