What does social insurance premium mean?

Social insurance premium is the fee to be paid for social insurance, including pension insurance, medical insurance, work injury insurance, maternity insurance and unemployment insurance. \ x0d \ x0d \ The five major insurance payment ratios are as follows: specific payment amount = payment base * payment ratio (the payment base is determined according to the average wage of urban population in your city in the previous year) \ x0d \ x0d \ endowment insurance: unit payment ratio is 20%, individual payment ratio is 8%\x0d\ medical unit payment ratio is 7.5. The contribution rate of work-related injury unit is 0.6% \x0d\ maternity unit is 0.6%\x0d\ unemployment unit is 2%, and the individual contribution rate is 1%.