Participants of voluntary social insurance are entitled to a monthly pension when they meet all conditions; pensions with benefits much higher than contributions and periodically adjusted up according to consumer price index, economic growth in line with the State budget and social insurance fund to ensure the life of participants.

Participants of voluntary social insurance will be granted a free health insurance card throughout the period of pension enjoyment, with a rate equal to 95% of medical examination and treatment costs.

Participants in voluntary social insurance who have paid voluntary social insurance for full 60 months or more, or who are enjoying their pension upon their death, or who are in charge of burial, are entitled to a funeral allowance equal to 10 times the base salary.

In case a person who is paying voluntary social insurance premiums, has his/her payment period reserved or is enjoying a pension, dies, his/her relatives are entitled to a lump-sum survivorship allowance.

Currently, the whole country has about 50 million laborers in age, the number of people participating in social insurance is only nearly 16.6 million, accounting for 37%. Meanwhile, the goal is that by 2030, 60% of the population of working age will participate in social insurance, moving towards universal coverage.