What is basic social insurance? What types of insurance are included?
The full name of social insurance is social insurance, referred to as social insurance. It consists of five types of insurance: endowment, medical care, work-related injury, unemployment and maternity.
Pension Insurance:That is, the basic social pension insurance system. In China, the establishment and improvement of the pension insurance system is mainly achieved through the payment of pensions by basic pension insurance for employees, enterprise annuity and resident pension insurance.
Medical Insurance:It refers to the insurance system that provides disease diagnosis and treatment, health services and health care services for employees and their family members in the form of cost sharing.
Unemployment Insurance:It is a system that provides relevant economic support to unemployed members of society, also known as the unemployment insurance system.
Workers' Compensation Insurance:It is a system used to compensate employees for economic losses caused by injuries caused by work.
Maternity Insurance:It refers to the system of providing maternity security to employees and families through social welfare, medical and health services, and allowances.
Social insurance refers to a system of social welfare security provided by payment of fees in order to protect the immediate and long-term economic interests of workers. Social insurance is socialized on a global scale and may be implemented entirely or mixed with the private sector.