How to handle individual endowment insurance?

The insured person carries ID card, social security card and other materials to the social security agency to apply for termination of endowment insurance.

Don't pay the premium. If you need to pay the old-age insurance for urban and rural residents in the later period, you only need to pay it again. However, if the old-age insurance for urban workers has been paid and needs to be returned to the old-age insurance for urban and rural residents, you can go to the local village (neighborhood) Committee, the township (street) human resources and social security service institution or the county and city urban and rural residents' old-age insurance agency to handle the surrender formalities with your payment voucher, application for stopping payment and positive photo of your ID card.

The surrender process of endowment insurance for urban workers is as follows:

(1) Confirm that the insured unit has gone through the insurance suspension procedures for the employees who have left the company, and there is no unpaid premium;

(2) to the local social security bureau to receive the "retirement insurance, unemployment insurance one-time living allowance application form";

(3) The application form for pension insurance surrender and unemployment insurance one-time living allowance shall be sealed by the employer;

(4) The insured person shall go to the local social security bureau to handle the formalities for the surrender of the old-age insurance for urban workers with the Application Form for Retirement One-time Living Allowance for Old-age Insurance and Unemployment Insurance and the original and photocopy of the ID card;

(5) to the designated bank to receive the balance of personal accounts for urban workers' pension insurance.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: People's Republic of China (PRC) Insurance Law.

Article 16 When concluding an insurance contract, if the insurer makes an inquiry about the subject matter insured or the insured, the applicant shall truthfully inform it.

If the applicant fails to fulfill the obligation of truthful disclosure stipulated in the preceding paragraph intentionally or due to gross negligence, which is enough to affect the insurer's decision to agree to underwrite or increase the premium rate, the insurer has the right to terminate the contract.

If the right to terminate the contract stipulated in the preceding paragraph is not exercised for more than 30 days from the date when the insurer knows the reason for termination, it shall be extinguished. If more than two years have passed since the establishment of the contract, the insurer shall not terminate the contract; In the event of an insured accident, the insurer shall be liable for compensation or payment of insurance benefits.