Can the old-age insurance be surrendered? How much can I refund?

Endowment insurance can be surrendered under certain conditions, and the amount of surrender mainly includes individual contributions and interest.

Generally speaking, the surrender of endowment insurance is mainly aimed at the part paid by individuals, and the part paid by the unit is often not refundable. First, the endowment insurance surrender conditions

The surrender of endowment insurance is not arbitrary, and it usually needs to meet certain conditions. These conditions may include:

1. The insured reaches the statutory retirement age but the payment is insufficient 15 years, and he is unwilling to continue to pay;

2. If the insured person dies for some reason, the balance of his personal account can be inherited by the legal heir;

3. The insured goes abroad to settle down or loses People's Republic of China (PRC) nationality;

4. Other surrender conditions that meet the requirements of local social security institutions.

Second, the calculation of surrender amount

The surrender amount of endowment insurance usually includes individual contributions and interest generated. The specific calculation method may vary from region to region, but the following principles are generally followed:

1. Individual contributions are fully refunded, including principal and interest;

2. The part paid by the unit can be partially refunded or not according to local policies;

3. There may be a refund of premium or tax, and the specific amount is calculated according to local regulations.

It should be noted that the surrender of endowment insurance is not an ideal way to deal with it, because after surrender, the insured will lose the future endowment insurance. Therefore, before deciding to surrender, we should fully consider our personal situation and future needs.

Third, the surrender process

The surrender process usually includes the following steps:

1. Prepare relevant materials, such as ID card, social security card, surrender application, etc.

2. Submit the application for surrender to the local social security agency or the designated window;

3 social security agencies to review the application materials, confirm the surrender qualification;

4. Go through the surrender procedures and receive the surrender amount.

To sum up:

Endowment insurance can be surrendered under certain conditions, and the amount of surrender mainly includes individual contributions and interest. However, surrender is not an ideal choice, and personal situation and future needs should be fully considered. Before deciding to surrender, it is recommended to consult local social security institutions or professionals to understand the specific policies and processes.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 14 stipulates:

Personal accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

Some Provisions on Implementing the Social Insurance Law of People's Republic of China (PRC)

Article 6 provides that:

Individual accounts of employees' basic old-age insurance shall not be withdrawn in advance. Individuals who leave the country to settle down before reaching the legal conditions for receiving the basic pension shall keep their personal accounts and enjoy the corresponding pension insurance benefits in accordance with state regulations when reaching the legal conditions for receiving the basic pension. Among them, those who lose their People's Republic of China (PRC) nationality may apply in writing to terminate the basic old-age insurance relationship when leaving the country or after leaving the country. After receiving the application, the social insurance agency shall inform it in writing of its right to keep personal accounts and the consequences of terminating the basic old-age insurance relationship. After my written confirmation, I will terminate the basic old-age insurance relationship and pay the amount stored in my personal account to me in one lump sum.