Is buying a house based on endowment insurance and medical insurance as social security?

Social security is not endowment insurance, it includes endowment insurance. The full name of endowment insurance is social basic endowment insurance. It is an important part of the social security system and one of the five most important social insurances. When the insured reaches the legal retirement age, he can receive the old-age insurance money, thus having a stable source of income to maintain his basic life.

Legal objectivity:

Social Insurance Law Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity. Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.