Social security will be suspended after 20 years. Can I refund my insurance?

Legal analysis: social security will not be refunded unless it is due to the following circumstances. Reach retirement age, but fail to meet the condition of payment 15 years (the amount stored in personal account is paid in full); The insured dies for some reason (personal payment and interest); The insured settles abroad (personal payment and interest); After retirement, personal accounts (personal contributions and interest) still have a balance. The scope of personnel withdrawing personal accounts. Death at work; Insured living in rural areas; Persons who have not received the personal account pension of the deceased after retirement; Repeat, the insured. If a person dies under the age of 60, social security compensation includes pension, funeral allowance and personal account balance in social security. Funeral allowance is used to bury and deal with the aftermath after the death of an employee. At present, there is no unified standard in the country. Survivor's pension is the economic compensation and spiritual comfort given to employees' families after their death. Survivors' pensions vary from place to place, and some do not stipulate pensions, but only provide monthly assistance to survivors; Some provide one-time pensions and monthly living allowances for survivors.

If the person who buys social security suddenly dies before the age of 60, his family members can apply to withdraw all the money from the social security account and return it to their families. Relevant policies and regulations on death surrender are as follows:

1. If an employee of an enterprise dies during his/her service, the amount of inheritance shall be the principal and interest of the individual payment portion in the personal account at the time of his/her death;

2. When the retiree dies, the amount inherited is the principal and interest of the individual payment part in the balance of the individual account;

3, to participate in the basic old-age insurance of urban individual workers (including termination of labor relations with enterprises as individual workers to continue the basic old-age insurance relationship), before receiving the basic old-age insurance, where death, the basic old-age insurance premiums paid by individuals included in the personal account principal and interest, the principal in accordance with the provisions of the proportion into the overall fund, a one-time payment to the designated beneficiary or legal heir; Urban self-employed workers who have received basic pensions die, and their personal account balance and individual contributions are included in the principal of the overall fund according to the prescribed proportion. If there is a balance after deducting the total amount of basic pensions (excluding personal account pensions) that have been received, the rest will be paid to their designated beneficiaries or legal heirs in one lump sum.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 14 Individual 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.

Seventeenth individuals who participate in the basic old-age insurance, due to illness or non-work-related death, their survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.