A person insured in the National Pension Insurance Program is entitled to receive “Old-age Pension Benefits” beginning in the month when he/she turns 65 years old and until the month when the insured dies. The “Old-age Basic Guaranteed Pension Payments,” on the other hand, is available only to the insured persons who are 65 years old and meet the required qualifications. The payment begins in the month when the insured applies for the benefits, until the month when he/she dies. Furthermore, indigenous people over 55 years old and meeting the required qualifications may apply for the "Indigenous People Payments." The payment begins in the month when they submit the application until one month before they reach the age of 65. From 2024.01.01, the amount of the monthly payment is NT$4,049.