What do you mean, pay?

Payment usually means that the company pays five insurances and one gold or three insurances and one gold for its employees. The word "payment" is commonly used on recruitment websites, and companies often mark "payment" on recruitment information. Applicants need to ask clearly that the so-called payment of many companies may only pay three insurances for employees. Three insurances include: endowment insurance, medical insurance and unemployment insurance, and five insurances include: endowment insurance, medical insurance, unemployment insurance, maternity insurance and industrial injury insurance.

Old-age insurance: After the unit or individual goes through the formalities for applying for the basic pension according to the regulations, the social security agency will verify the old-age benefits according to the regulations, and issue the basic pension on a monthly basis from the month following the formalities for applying.

Medical insurance: After going through the retirement formalities in the social security department, retirees can enjoy the medical insurance benefits stipulated in the medical insurance measures such as medical expenses paid by the basic medical insurance pooling fund and local supplementary funds from 1 of the month when they receive their pensions.

Unemployment insurance: the insured does not stop employment because of his will. If he paid the unemployment insurance premium for one year before this unemployment, he can go to the local social security bureau to receive unemployment benefits.

Work-related injury insurance: also known as work-related injury insurance, it is to pool the work-related injury insurance premiums paid by employers and establish a work-related injury insurance fund through social co-ordination.

Maternity insurance: it is a social insurance system that the state and society provide medical services, maternity allowance and maternity leave to female workers who are pregnant and giving birth through legislation when they temporarily interrupt their work. Insurance is paid by the enterprise. Maternity insurance benefits mainly include two items: one is maternity allowance, and the other is maternity medical care.