What do you mean by seven insurances and three gold?

On the basis of five insurances and one gold, seven insurances and three gold supplements long-term care insurance, group insurance, individual pension and commercial pension.

Seven insurances and three funds include social insurance (endowment insurance, medical insurance, maternity insurance, industrial injury insurance and unemployment insurance), critical illness insurance, supplementary medical insurance, hospitalization mutual fund, housing accumulation fund and enterprise annuity.

Companies in the market are basically five insurances and one gold, and most of the companies that can buy seven insurances and one gold for employees belong to units with better welfare benefits, so they are more competitive in recruitment. But five insurances and one gold are also good, which is stipulated by the state. Therefore, it is illegal for enterprises not to pay five insurances and one gold.

Five insurances and one gold refer to several kinds of security benefits provided by employers, including basic old-age insurance, basic medical insurance, unemployment insurance, industrial injury insurance, maternity insurance, housing accumulation fund, etc., while seven insurances and three gold are more than five insurances and one gold.

The use of five insurances and one gold

Enjoying tax exemption is an important purpose of "five insurances and one fund", which avoids the complicated procedures when paying personal income tax and enjoying other social insurance benefits. At the same time, the tax exemption has also been reduced, and individuals can pay part of their funds as wages without paying personal income tax.

Five insurances and one gold are very important and useful for individuals and families. First of all, paying five insurances and one gold can reduce economic pressure and avoid accidents and economic losses. Secondly, the high payment base of five insurances and one gold can provide a guarantee to ensure that individuals can have a certain source of income after retirement.

In addition, individuals and units can choose their own payment grades according to their own conditions to ensure economic stability. In short, five insurances and one gold are very useful.