Learn How to Calculate Social Insurance Once, Quickly, Simply, and Extremely Accurately

If you are unemployed or not paying social insurance within one year, you still have a chance to receive social insurance coverage one time, even if you have not reached retirement age or do not qualify for pension benefits. According to current regulations, participants will be able to withdraw social insurance benefits once they make a direct request to the social insurance agency. Below, we will guide you on how to calculate one-time social insurance coverage online at home to help you easily and quickly determine your expected benefits.

What is one-time social insurance coverage?

Based on Article 3 of the 2014 Social Insurance Law, one-time social insurance coverage is a form of financial support provided to workers in cases of difficulties such as illness, occupational accidents, pregnancy, occupational diseases, retirement, or death.

In addition, Article 60 of the Vietnamese Social Insurance Law No. 58/2014/QH13 specifies 6 situations in which participants are eligible for one-time social insurance coverage, which are:

• Reaching retirement age but not having paid social insurance for 20 years.
• Being at least 55 years old but having paid less than 15 years of social insurance and not continuing to participate in voluntary social insurance (for female workers in communes, wards, and towns).
• Preparing to settle abroad.
• Being affected by severe life-threatening diseases such as tuberculosis, leprosy, cancer, chronic obstructive pulmonary diseases, paralysis, HIV progressing to AIDS, and other illnesses as specified by the Ministry of Health.
• Being a military or police officer who has completed service, been discharged, or resigned but does not meet the conditions to receive a pension.
• Mandatory social insurance participants who have been unemployed for one year or have participated in voluntary social insurance for one year but have not paid enough for 20 years (according to Article 1 of Resolution 93/2015/QH13).

Conditions for receiving one-time social insurance coverage

To receive this amount, you need to meet the requirements for receiving one-time social insurance coverage. Below, we have summarized the important conditions for receiving one-time social insurance coverage that you can refer to:

For workers in Vietnam

For workers living in Vietnam, to receive one-time social insurance coverage, you need to meet the following conditions:

• Participants can sign indefinite-term labor contracts, fixed-term contracts, seasonal contracts, or fixed-term work contracts ranging from 3 to less than 12 months.
• Workers under labor contracts need to have a period of 1 month to less than 3 months.
• Officials and civil servants as prescribed by law.
• Workers in defense and public security fields as well as participants in basic organizations.
• Business managers and executives in cooperative organizations are also entitled to benefits as regulated.
• Non-specialized workers in communes, wards, or towns.
• Individuals with spousal or military benefits at Vietnam’s representative offices abroad are also considered for one-time social insurance coverage.

For workers overseas

In the case of participants in social insurance who are living and working overseas, they need to meet the following necessary conditions:

• Labor contracts working overseas or through businesses operating in the field of labor export, organizations authorized to help workers have the opportunity to work abroad.
• Contracts allowing workers to work in the form of internships to improve their skills and expertise.
• Individual labor contracts for each person.

Guidelines for calculating one-time social insurance coverage simply and in detail

Calculating one-time social insurance coverage on the VssID application

To calculate one-time social insurance coverage using the VssID application, you can follow these steps:

Step 1: Access the App Store for iPhone and CH Play for Android phones to download the VssID application.

Step 2: Log in/Register an account to access the app > In the Personal Management interface, select the Benefits Information category.

Step 3: In the One-time section, you will see your One-time Social Insurance Benefits here. In addition, you can also select Participation History > Click on the Social Insurance section to track the details of your social insurance payment process.

Note that the amount of one-time social insurance coverage calculated on the VssID application only applies to the following cases:

• The period during which the worker has paid social insurance must be one year or more.
• The compulsory social insurance participant has been paid full-time according to the salary regulations of companies/enterprises.
• The one-time social insurance amount is calculated based on the exchange rate at the time the user looks it up.

Calculating one-time social insurance coverage through the system

In addition to calculating one-time social insurance coverage on the VssID application, you can also calculate social insurance through the system with the following steps:

Step 1: You access the here System for calculating one-time social insurance to quickly calculate the total one-time social insurance payment. Note that this amount will be calculated based on the period of time you have paid insurance, combined with other important related factors.

Step 2: You enter the payment period and the insurance premium rate.

Step 3: After that, you click on the Calculate Social Insurance box, and immediately, the result of your one-time social insurance coverage will be displayed here. Especially, right below, the system will provide a specific interpretation of how the one-time social insurance coverage is calculated based on your specific situation.

Note that for the one-time social insurance benefits of workers with less than one year of participation, the amount will be calculated at 22% based on the monthly social insurance premium amount.

Documents needed to receive one-time social insurance coverage

Based on Article 109 of the Vietnamese Social Insurance Law, the documentation needed to receive One-time Social Insurance coverage includes:

• Social Insurance Book of the worker.
• A request form for one-time social insurance coverage signed by the worker.
• If the worker has settled abroad, they need to submit a copy of the certification from the competent authority regarding the renouncement of Vietnamese citizenship or a translated version in Vietnamese authenticated or notarized with one of the following documents: Passport issued by a foreign authority; Visa issued by a foreign authority certifying permission for the worker to enter with the purpose of settling abroad; Documents certifying that the worker is in the process of applying for foreign citizenship, confirming or resident card, resident certificate with a duration of 5 years or more and issued by the competent foreign authority.

To receive full one-time social insurance benefits, workers need to submit their application to the district/social insurance agency or provincial social insurance agency (if delegated to consider one-time social insurance coverage) at their place of residence, based on the registered permanent or temporary residence address. However, depending on the specific situation in each locality, the provincial social insurance agency will be authorized to consider and process applications for one-time social insurance benefits for participants.

When can you receive one-time social insurance coverage?

Based on Clause 4, Article 110 of the 2014 Social Insurance Law, the time for users to receive one-time social insurance benefits will be determined as follows:

Within 20 days from the date of receiving complete documents as prescribed for cases of recipients still alive. For those receiving one-time social insurance benefits, the time is 10 days from the date of receiving complete documents as prescribed. At this time, the social insurance agency will be responsible for processing and making payments to the worker. If the application is not processed, a written response must be provided, stating the reasons internally.

Some notes on receiving and withdrawing one-time social insurance benefits

Many participants decide not to pay monthly social insurance or want to receive one-time social insurance payments to cope with specific expenses. However, this decision needs to be carefully considered as there may be risks and consequences that can arise:

• The amount received will be lower than the total amount paid into social insurance.
• Unable to accumulate participation time to ensure monthly pension benefits in the future.
• Some participants paying social insurance are entitled to free health insurance cards, but if they choose to receive one-time social insurance, they may lose these benefits.
• No monthly salary when retiring.
• Not eligible to receive funeral grants and bereavement benefits upon death.
• If retirement age has been reached but the participant has not paid enough years of social insurance, they can continue to pay to ensure they receive benefits from social insurance.

In conclusion

Above is the way to calculate one-time social insurance coverage that FPT Shop would like to share. It can be seen that social insurance is one of the sustainable social welfare policies of the state for the community. Therefore, except for emergency cases, participants need to carefully consider the decision to apply for one-time social insurance coverage to ensure their benefits in the future.

Don’t forget to visit FPT Shop to discover more products to meet your daily needs, including phones, laptops, tablets, home appliances,…

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