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What types of insurance does social security include?
Social security includes endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Endowment insurance is set up to ensure the basic life of workers after they get old. Individuals and units need to pay a certain pension insurance premium. After the cumulative payment reaches 15 years, you can get a pension when you reach the legal retirement age. Medical insurance is to solve the problem of medical expenses when workers are sick or injured. Individuals and units pay medical insurance fees and enjoy medical insurance benefits. The purpose of unemployment insurance is to help the unemployed overcome the difficulties during unemployment, provide certain unemployment subsidies and help the unemployed re-employment. Industrial injury insurance is to protect the rights and interests of workers when they suffer accidental injuries at work, and to provide certain medical expenses, disability allowances and pensions for injured workers.
Maternity insurance is to protect the rights and interests of female workers during childbirth, and provide certain maternity medical expenses and maternity allowance for female workers. In a word, social security covers many aspects, aiming at providing comprehensive social security for workers and safeguarding their basic rights and interests and living needs.
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