Can I take the balance of urban and rural residents' endowment insurance?

First, the basic nature of urban and rural residents' pension insurance balance

Old-age insurance for urban and rural residents is an important part of China's social security system, aiming at providing old-age security for insured residents. The insured will form a certain personal account balance when paying the endowment insurance premium. This part of the balance is mainly used for the insured to receive a monthly pension after reaching the statutory retirement age.

Two, the extraction conditions of pension insurance balance

According to the "People's Republic of China (PRC) Social Insurance Law" and related regulations, the withdrawal of the balance of endowment insurance for urban and rural residents shall meet the following conditions:

1. Reach the legal retirement age and go through the retirement formalities. This is the most basic condition. Only the insured who has reached retirement age and officially retired can apply for withdrawing the balance of endowment insurance.

2. The insured dies. If the insured dies before reaching retirement age, the balance of his personal account can be inherited by his legal heir.

3. The insured needs to withdraw in advance for special reasons. This includes some special circumstances, such as the insured suffering from major diseases that require large medical expenses, or living extremely hard for other reasons. But in this case, the extraction usually needs to go through strict examination and approval procedures.

Third, the process of extracting the balance of endowment insurance.

If one of the above conditions is met, the insured or his legal heir may apply to the local social security department for surrender. The specific process is as follows:

1. Prepare relevant materials. Including identity certificate, pension insurance payment certificate, retirement certificate (if applicable), medical certificate or life difficulty certificate (if applicable), etc.

2. Fill in the application form. According to the requirements of the local social security department, fill in the application form for withdrawal of pension insurance balance.

3. Submit the application and wait for review. Submit the completed application form and related materials to the local social security department and wait for the audit results.

4. Receive the withdrawal amount. If approved, the insured or his legal heir can receive the balance of pension insurance according to the regulations.

To sum up:

The balance of old-age insurance for urban and rural residents can be withdrawn when it reaches the statutory retirement age, the insured dies or needs to be withdrawn in advance for special reasons. However, the extraction process needs to follow certain regulations and procedures, which is not dispensable. Therefore, the insured should fully understand the relevant regulations and handle them according to the regulations when considering withdrawing the balance of endowment insurance.

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.