Can the endowment insurance be bought out at one time?

Legal analysis: the one-time buyout of endowment insurance needs to be paid in one lump sum at retirement age. Before reaching retirement age, a one-time buyout is not allowed.

Legal Basis: Several Provisions on the Implementation of the Social Insurance Law of People's Republic of China (PRC) Article 2 When an individual who participates in the basic old-age insurance for employees reaches the statutory retirement age, if the accumulated payment is less than fifteen years, the payment may be extended to fifteen years. After the implementation of the Social Insurance Law, if the payment is extended for five years but still less than fifteen years, it can be paid in one lump sum for fifteen years. Before reaching retirement age, a one-time buyout is not allowed.