How to withdraw money from Ping An endowment insurance?

There are two ways to get money for Ping An endowment insurance: annual and monthly.

If the customer chooses the annual payment method, from the policy anniversary date of the insured's life to the age of receiving the old-age insurance money agreed in this main insurance contract, if the insured still lives on the policy anniversary date every year, he will pay 1 times the' old-age insurance money' every year until the end of the policy year when the insured reaches the age of 100, and the payment is guaranteed for 20 years. If the user chooses to pay monthly, he will pay 1 times of the' old-age insurance' to the account of the insured every month from the policy anniversary date agreed in this main insurance contract to the effective date of this main insurance contract, and the deadline is the end of the policy year with the policy anniversary date of 100, which guarantees payment for 20 years.

The conditions for receiving pension insurance include the following aspects:

1. Age condition: According to the Labor Contract Law, the legal retirement age in China is 60 for men and 55 for women, but it is also stipulated that local and industrial units can raise or lower the relevant age according to the actual situation, so it is necessary to pay attention to the actual retirement age set by the company or region.

2. Payment conditions: During the period of participating in the endowment insurance, you need to pay the endowment insurance premium continuously 15 years, or pay the endowment insurance premium cumulatively 15 years before applying for the endowment insurance premium. It should be noted that in some places or industries, the payment period of endowment insurance may increase, depending on the relevant local policies.

3. Time conditions for collection. Usually, after reaching the statutory retirement age, you can apply to the social security bureau for it. However, in the case of accumulated payment of the old-age insurance premium 15 years, you can also receive it in advance when you have not reached the statutory retirement age, depending on local policies.

To sum up, the conditions for receiving pension insurance are relatively strict and need to be planned and paid in advance. At the same time, we must understand the relevant policies and know how to apply for pension insurance in order to receive our own treatment smoothly.

Legal basis:

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

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.