What is social security three insurance?

Social security three insurances are three social insurances: endowment insurance, medical insurance and unemployment insurance.

1, endowment insurance, full name of social basic endowment insurance, is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.

Endowment insurance is an important part of social security system and one of the five most important social insurances. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life.

2, medical insurance refers to the national legislation, in accordance with the principle of compulsory social insurance, by the employer and individual employees to pay the basic medical insurance premium on time and in full. If it is not paid in full and on time, the basic medical insurance fund will not pay its medical expenses regardless of individual accounts.

Medical insurance is insurance to compensate medical expenses caused by diseases. Social insurance in which employees are provided with necessary medical services or material assistance by society or enterprises due to illness, injury or childbirth. For example, free medical care and labor insurance medical care in China.

The medical expenses of employees in China are shared by the state, units and individuals to reduce the burden on enterprises and avoid waste. Insurance liability accidents need to be handled, and the insurance money will be paid in proportion.

3. Unemployment insurance refers to a system that is enforced by the state through legislation, and funds are set up by the society to provide material assistance to workers who temporarily suspend their livelihood due to unemployment. It is an important part of the social security system and one of the main items of social insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

Extended data:

I. Characteristics of social security:

1. The objective basis of social insurance is the risks existing in the labor field, and the subject of insurance is the person of the worker.

2. The subject of social insurance is specific. Including workers (including their relatives) and employers.

Social insurance is compulsory.

The purpose of social insurance is to maintain the reproduction of labor force.

5. The insurance fund comes from the payment and financial support of employers and workers. Insurance coverage is limited to employees, excluding other social members. The insurance coverage is limited to all kinds of risks in labor risks, excluding other risks such as property and economy.

Second, the function of social security.

1, the function of stabilizing social life

2, the function of redistribution

3, the function of promoting social and economic development:

(1) As an important tool of demand management, the social insurance system plays an active role in the economy.

② The effective use of social insurance funds can promote the sustained economic prosperity.

③ Social security is the basic condition for enterprises to recruit talents.

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