Hello, for today's college students, it is basically useless if they are not administrative institutions such as civil servants, but it is a little different to provide for the aged after retirement, and other uses are not great. Besides, Shenzhen also canceled the transfer of cadres, indicating that the status of cadres has nothing to do with the people.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.