I. Refund of personal account balance of endowment insurance
Endowment insurance is a social security system established to ensure that the insured can maintain the basic living standard after reaching the statutory retirement age or losing the ability to work due to illness or injury. Personal account is an important part of the old-age insurance system, including the old-age insurance premium paid by the insured individuals and the income generated therefrom. When the insured dies, the unpaid balance in his personal account shall be refunded according to law.
Two, the heir to inherit the pension insurance personal account balance.
According to the relevant laws and regulations, the balance of the personal account of the insured's endowment insurance is inherited by his legal heir. Legal heirs usually include spouses, children, parents and other immediate family members. When the heir inherits the balance of the personal account of the old-age insurance, he needs to submit relevant supporting documents to the old-age insurance institution, such as the death certificate of the insured, the identity certificate of the heir, and the proof of kinship. The endowment insurance institution will verify the submitted materials to ensure the identity and rights of the heirs.
Third, the specific process of handling inheritance procedures
Heirs need to go through the inheritance formalities at the designated place according to the requirements of the endowment insurance institution. In the process of handling, you need to fill in the relevant application form and submit the necessary supporting documents. The endowment insurance institution shall review the application and return the balance of the personal account to the heir after verification. The whole process may be different due to different regions and policies. It is recommended that the heirs consult the specific requirements of the local endowment insurance institutions in detail before handling.
To sum up:
If the endowment insurance is not fully received, the balance of his personal account can be returned. Heirs need to go through the relevant procedures and submit the necessary supporting documents in accordance with the regulations, so that the endowment insurance institutions can verify and handle them. In the process of handling, it is recommended that the heirs know the local policies and processes in detail to ensure the smooth inheritance of the personal account balance of endowment insurance.
Legal basis:
People's Republic of China (PRC) social insurance law
Article 14:
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.
People's Republic of China (PRC) inheritance law
Article 3:
Legacy is the personal legal property left by a citizen when he dies, including:
Citizens' income;
(2) Houses, savings and daily necessities of citizens;
(3) Citizens' trees, livestock and poultry;
(4) Cultural relics, books and materials of citizens;
(five) the means of production that the law allows citizens to own;
(six) the property rights in the copyright and patent rights of citizens;
(7) Other lawful properties of citizens.