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What about the money in the social security card when my father dies?
1. After the death of the insured, all the balance in the personal account shall be returned to the legal heir or designated beneficiary of the insured.
2. The materials required for the formalities include: ID card, household registration book, death certificate, cremation certificate, application form, bank account number, etc.
3. It should be noted that the fees paid by social security are managed by two accounts: the personal account and the overall account, and the heirs can only receive the amount in the personal account.
4. Most of the money goes into the overall account, and there is not much money in the personal account, usually ranging from several thousand yuan to several hundred yuan, depending on the payment time period and payment grade, that is, the balance in the medical insurance card.
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14 of the Social Insurance Law of People's Republic of China (PRC) stipulates that individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted.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.
Seventeenth individuals who participate in the basic old-age insurance, due to illness or non-work-related death, their survivors can receive funeral grants 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.
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