Can I get a refund if I don't want to pay half of the endowment insurance?

Under normal circumstances, the endowment insurance premium shall not be refunded at will.

First, understand the old-age insurance system

Endowment insurance is a social insurance system established by the state to ensure that citizens can enjoy basic life in their later years. The insured person accumulates personal account funds by paying the endowment insurance premium regularly, so as to receive the pension when reaching the legal retirement age. Therefore, endowment insurance is essentially a long-term savings and security system.

Second, the provisions of the midway surrender

In most cases, it is not easy to surrender the endowment insurance halfway. According to the relevant provisions of People's Republic of China (PRC) Social Insurance Law, once the endowment insurance premium is paid, it is usually not allowed to be returned at will. This is because the endowment insurance fund is used in the operation of the whole social insurance system, and surrender will have an impact on the stability and sustainability of the social insurance fund.

However, there are also some special circumstances that allow you to surrender halfway. For example, if the insured person dies during the payment period or settles abroad for some reason, he can go through the formalities of surrender in accordance with the regulations. In addition, some regions may have formulated more flexible surrender policies for specific people or specific situations. Therefore, whether to surrender can be judged according to local policies and regulations.

Third, the impact and consideration of surrender

Even if the conditions for surrender are met, the insured needs to carefully consider the consequences of surrender. On the one hand, surrender means giving up the pension benefits that may be enjoyed in the future, which is undoubtedly a loss for personal pension security. On the other hand, you may not be able to participate in endowment insurance again after surrender, which will affect your social security rights and interests.

Therefore, before deciding whether to surrender, the insured should fully understand their rights and obligations and weigh the pros and cons. If there are special reasons to surrender, it is recommended to consult the local social security department or relevant institutions in advance to understand the specific surrender process and matters needing attention.

To sum up:

If you don't want to pay half of the endowment insurance, you need to judge according to local policies and regulations. Under normal circumstances, the endowment insurance premium shall not be refunded at will; However, under special circumstances, if the insured dies or lives abroad, he can go through the formalities of surrender according to the regulations. Before deciding whether to surrender, the insured should fully understand their rights and obligations, weigh the pros and cons, consult relevant departments in advance, and understand the specific processes and precautions.

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.