Can the old-age insurance be surrendered? How to deal with it?

Endowment insurance can be surrendered.

First, understand the surrender conditions

Before handling the endowment insurance surrender, you need to know the conditions for surrender. Usually surrender may involve the following situations: the insured dies for some reason, the insured emigrates or settles abroad, and the insured reaches the legal retirement age but does not meet the conditions for receiving pension. It should be noted that the specific surrender conditions may be different due to different regions and policies. It is recommended to consult the local social security institutions or relevant departments before handling surrender.

Second, prepare relevant materials.

A series of related materials need to be prepared for the retirement of endowment insurance. Generally speaking, it is necessary to provide the identity certificate of the insured, proof of payment of endowment insurance, application for surrender, etc. In addition, depending on the reasons for surrender, it may be necessary to provide death certificates, immigration certificates and other related materials. When preparing materials, it is recommended to consult the local social security agency or relevant departments in advance to ensure that the required materials are complete.

Third, go through the surrender procedures.

After preparing the relevant materials, you can go to the local social security agency or relevant departments to go through the formalities of surrender. In the process of handling, you need to fill in the application form for surrender and submit relevant materials. The social security agency or the relevant department shall review the submitted materials and go through the formalities of surrender in accordance with the prescribed procedures after it is confirmed to be correct.

Fourth, get the surrender money.

After completing the surrender procedures, the insured can receive the surrender money. The amount of surrender premium is usually determined according to the insured's payment and the reasons for surrender. It should be noted that the collection method and time of surrender money may be different due to different regions and policies. It is recommended to consult the relevant details when handling surrender.

To sum up:

Endowment insurance can be surrendered, but it needs to meet certain conditions and be handled in accordance with the prescribed procedures. Before handling the surrender, you need to know the surrender conditions and prepare relevant materials. In the process of handling, you need to fill in the surrender application form and submit relevant materials, and go through the surrender procedures after verification. Finally, the insured can receive the surrender money.

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.