What do you mean by terminating insurance?

The meaning of this word is as follows:

1. reason: insurance will be terminated when you reach the statutory retirement age, die, go abroad to settle down, and transfer to other places.

2. Impact: Termination of enrollment means that you no longer enjoy various guarantees provided by social insurance, such as old-age insurance, medical insurance and unemployment insurance. At the same time, the funds in personal accounts will be sealed up or transferred, and the specific handling methods will vary according to different regions and social security policies. In addition, in some cases, such as termination of insurance before retirement, it may have an impact on the future social security of individuals.

3. Handling: If the insured person needs to terminate the insurance for any reason, he should know the relevant policies and procedures from the local social security department in time. After handling the surrender procedures, properly handle the fund balance and payment period records of personal accounts. When necessary, the insured can inquire about personal social security information or go through the formalities of social security relationship transfer through the social security department.