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Social Security If someone dies, can I get the principal back?
1. According to the national policy, if an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral subsidies and pensions; Before reaching the statutory retirement age, those who really lose their ability to work due to illness or non-work-related disability can receive disability allowance. The required funds are paid from the basic old-age insurance fund.
2. As for the death of an individual, the balance of his personal account can be inherited by the survivors.
Legal basis: Article 14 of the Social Insurance Law of People's Republic of China (PRC) stipulates that individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted.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.
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