How long will it take for the refunded social security to arrive?

Under normal circumstances, the social security refund will be received on 15, which is not mandatory by law. Basically, the social security agency will refund the money after verifying the information. According to the law, social security can be refunded in the case of repeated payment in two places; Go abroad or settle in Hong Kong, Macao and Taiwan; Died unfortunately before reaching retirement time, etc.

Surrender can be divided into hesitant surrender and normal surrender. The hesitation period stipulates that ten days after the insured receives the policy, the insurance company will generally refund all the premiums after deducting the work cost. Deduct the cost of production at most 10 yuan, and return the rest to us in full.

How to calculate the cash value of surrender;

The calculation formula is: cash value of the policy = premium paid by the insured-the amount of management expenses shared by the insurance company on the policy-the commission paid by the insurance company to the salesman-risk premium+interest generated by the residual premium. However, in reality, there is usually a cash value table in the insurance policy, and the applicant/insured does not need to use the above formula for complicated calculation.

In addition, the cash value can also be used to apply for a loan with a policy. Policy loans can reach up to 80% of the cash value, and the loan period cannot exceed 6 months.

Legal basis:

Article 64 of People's Republic of China (PRC) Social Insurance Law

Social insurance funds include basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country.

The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it.

The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.