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How to handle the transfer formalities of endowment insurance?
The following procedure:

1. Print payment voucher. Before the insured person leaves this city, he/she should take the original and photocopy of his/her ID card to the Social Security Bureau of this city or the social security offices of towns (streets) in this city to print the payment voucher for his/her participation in this city.

2. Apply for transfer and connection. The insured person holds the "payment voucher" to the social security institution of the new employment place to apply for the continuation of the old-age insurance relationship.

3. The old-age insurance relationship will be handled by the social security agency of the original insured place and the social security agency of the current insured place, so that the insured person's insurance records can be connected.

Extended data:

Basic role:

Endowment insurance is based on the living security of the elderly, and an insurance fund is established through redistribution or savings to pay the living expenses of the elderly. Its implementation has the following functions:

1, which is conducive to ensuring labor reproduction.

The establishment of the old-age insurance system is conducive to the normal intergenerational replacement of the labor force, the retirement of the elderly, the smooth employment of the newly growing labor force and the rationalization of the employment structure.

2, conducive to social security and stability.

Endowment insurance provides basic living security for the elderly and makes them feel safe. With the arrival of the aging population, the proportion of the elderly population is increasing and the number is increasing. Old-age insurance guarantees the basic life of elderly workers, which is equivalent to ensuring the basic life of a considerable number of people in society.

For on-the-job employees, participating in endowment insurance means that they have expectations for their future old-age life and are free from worries. In terms of social mentality, more people are stable and less impetuous, which is conducive to social stability.

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