How to refund the endowment insurance

The applicable conditions and methods for returning the old-age insurance money are as follows:

1. Termination of payment of old-age insurance: those who have stopped working or no longer meet the conditions for payment of old-age insurance may apply to the local social security bureau to stop payment of old-age insurance and refund the paid old-age insurance premium;

2. Transfer of old-age insurance relationship: if an enterprise pays old-age insurance but transfers to another enterprise or starts its own business, it can apply to the original social security agency for transfer of old-age insurance relationship and transfer the paid old-age insurance premium to the new social security agency;

3. Enjoy the old-age pension: If you have met the conditions for receiving the old-age pension, you can apply to the local social security bureau for receiving the old-age pension. Receiving the old-age pension is equivalent to refunding the old-age insurance premium already paid.

Pension collection methods are as follows:

1. Make an appointment in the service hall of the social security service center in advance to go through the retirement audit procedures;

2. Go to the window of the local human resources and social security bureau for retirement approval;

3. After the Human Resources and Social Security Bureau has verified that it meets the retirement conditions, it will bring the retirement approval form, identity documents, medical insurance cards and payment vouchers to the individual payment window to modify the information and confirm the payment;

4. Go to the designated bank to apply for a pension debit card and provide the account card number to the social security agency;

5. After the approval, go to the Fund Audit Office of the Social Security Bureau to collect it.

To sum up, the refund policy of endowment insurance may be different in different regions. It is recommended to consult the local social security bureau or human resources department to understand the relevant regulations and procedures before operating.

Legal basis:

Article 4 of People's Republic of China (PRC) Social Insurance Law

Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Article 10

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.