Is social security five insurances?

Yes, social insurance is what we usually call five insurances. Five insurances and one gold are just one more housing accumulation fund than social insurance. The five insurances are endowment insurance, medical insurance, maternity insurance, industrial injury insurance and unemployment insurance.

Social insurance is based on the principle of the unity of rights and obligations, and funds are raised through various channels through national legislation. The state provides material assistance (including cash subsidies and material assistance needed by everyone) to those who pay social insurance when they encounter risks such as old age, illness, work injury, unemployment and maternity, so that the insured can enjoy basic living security. Social insurance is an economic system that provides economic compensation for people who can't work normally, who are temporarily unemployed or who lose their jobs due to physical reasons.

Social insurance is a social insurance fund formed by forcing a certain group to pay part of their income in the form of social insurance tax. Under certain conditions, the insured can get certain fixed income or loss compensation from it. Social insurance belongs to the redistribution system, and its purpose is to ensure the reproduction of material and labor and social stability.

Social insurance is the core of China's social security system. In addition, social insurance is a social security system paid by employers and workers themselves, and the government gives financial subsidies to the insured and bears the ultimate responsibility. However, only by paying a certain fee and under legal conditions can workers enjoy the corresponding social insurance benefits.

Legal basis: Article 2 of the Social Insurance Law.

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to get material help from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.