Rules for the Return of Personal Accounts of Endowment Insurance

The return rules for individual accounts of endowment insurance are as follows:

There are two rules for the return of individual pension insurance, one is to receive the pension after the payment period expires, and the other is to return the pension that was not received during the payment period.

1, receive a pension after the payment is due.

The payment period of individual endowment insurance is 15 and above. After the payment expires, the insured person can receive a pension. Pension payment standard is calculated according to the payment amount and payment period of the insured.

2, the payment period did not receive the pension return

If the insured person of individual endowment insurance fails to receive the pension during the payment period, he may apply for returning the endowment insurance fund in his personal account after the payment period expires. The amount refunded is the total amount of the endowment insurance fund in the personal account. After deducting the tax payable, the rest will be returned to the insured.

Matters needing attention in the return rules of individual endowment insurance:

1, pension collection

To receive a pension, you need to provide relevant certificates and materials, such as ID cards and bank cards. The time for receiving the pension is subject to the time stipulated by the local social security bureau.

2. Calculation of pension

The calculation basis of pension is the payment amount and payment period of the insured during the payment period. Therefore, the insured can improve the pension payment standard by paying more premiums.

3. Adjustment of pension

The pension payment standard will be adjusted with the economic and social development. Therefore, the insured needs to pay attention to the change of policy in order to know the adjustment of pension in time.

4. The value of pension.

The preservation of pension needs the investment management of the insured. Insured people can choose to invest their pensions in low-risk and stable financial products to ensure the preservation of their pensions.

To sum up, the return rules of individual endowment insurance are very important for the insured.

Legal basis:

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

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.