Can individual endowment insurance be converted into social security?

The transfer of endowment insurance shall be handled according to the following process: 1. You must first apply for insurance payment at the transfer place. 2. I submit a written application to the social security agency of the transfer place to continue the old-age insurance relationship, and show the "Certificate of Payment of Basic Old-age Insurance" issued by the original insured place. 3. For those who meet the transfer conditions, the social security agency in the transfer place will send the Contact Letter for the Transfer and Continuation of the Basic Endowment Insurance Relationship to the social security agency in the original insured place. 4. After receiving the contact letter, the social security agency of the original insured place will transfer the basic old-age insurance relationship. How to transfer individual pension insurance can transfer funds according to regulations, and send the basic pension insurance relationship transfer and connection information table to the transfer place. 5. After the fund is received, the social security agency in the transfer place will continue the pension insurance relationship and personal account with the information form, and notify me to complete it. At this point, the whole relationship transfer connection program is completed.

Legal objectivity:

Article 14 of the Social Insurance Law of People's Republic of China (PRC), individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted.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. Article 17 of the Social Insurance Law of People's Republic of China (PRC) stipulates that 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; 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.