Does social security include endowment insurance?

Social security includes endowment insurance.

Social insurance, referred to as social security for short, is a social security system established by the state to ensure the basic life of citizens in the case of old age, illness and unemployment. It mainly includes five types of insurance: 1, basic old-age insurance to ensure that workers can receive pensions after retirement; 2. Basic medical insurance, which is used for reimbursement of medical expenses when employees are sick; 3. Work injury insurance, which provides medical expenses payment or compensation for employees injured at work; 4. Unemployment insurance, which guarantees the basic livelihood of unemployed workers and provides living expenses; 5. Maternity insurance, which provides maternity expenses reimbursement and related treatment for maternity workers. These insurances constitute a social security system, aiming at dispersing the social risks faced by individuals and families and achieving social stability and harmony.

Components of social security:

1, old-age insurance: providing basic living security after retirement;

2. Medical insurance: used to reduce the burden of medical expenses when an individual is sick;

3. Unemployment insurance: provide economic assistance for a certain period of time when unemployed;

4. Work-related injury insurance: provide medical and economic compensation in case of work-related injury or occupational disease;

5. Maternity insurance: give certain financial subsidies to female employees for maternity.

To sum up, as a social security system established by the state, social insurance includes five types of insurance: basic old-age insurance, medical insurance, industrial injury insurance, unemployment insurance and maternity insurance. It aims to protect citizens' basic needs in the face of life risks such as old age, illness and unemployment, disperse social risks of individuals and families, promote social stability and harmony, and reflect the state's care and guarantee for citizens' well-being.

Legal basis:

People's Republic of China (PRC) social insurance law

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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 receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.