What risks and gold are involved in five insurances and one gold?

Five insurances refer to endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance, and one gold refers to housing accumulation fund.

I. Overview of five insurances and one gold

Five insurances and one fund is a social insurance system implemented in Chinese mainland, which aims to protect the basic needs of workers, improve the level of social security and promote social harmony and stability. The payment of five insurances and one gold is shared by the employee and the employer, and the part paid by the employee will be deducted from the salary.

Second, the specific content of five insurances and one gold

1. Old-age insurance: It means that workers can receive a certain pension after reaching the legal retirement age to ensure their basic living. Endowment insurance is jointly paid by individuals and employers.

2. Medical insurance: refers to the fact that workers can get medical expenses reimbursement and certain medical subsidies when they are sick or injured. Medical insurance is also paid by individuals and employers.

3. Unemployment insurance: refers to that workers can get certain unemployment benefits to ensure their basic livelihood after they lose their jobs for non-personal reasons. Unemployment insurance is mainly paid by employers, and individuals pay less.

3. Work-related injury insurance: refers to that workers can get certain treatment such as work-related injury medical treatment, work-related injury allowance and disability compensation when they are accidentally injured at work or suffer from occupational diseases. Industrial injury insurance is entirely borne by the employer, and individuals do not have to pay it.

4. Maternity insurance: it means that female workers can get certain benefits such as maternity allowance and medical expenses reimbursement during childbirth. Maternity insurance is mainly paid by employers, and the part paid by individuals is relatively small.

5. Housing accumulation fund: refers to the housing security system jointly paid by employees and employers, aiming at helping employees solve housing problems. Clarify the proportion and upper limit of housing provident fund deposit.

Payment and management of three insurances and one gold

Five insurances and one gold shall be paid by workers and employers in accordance with the prescribed proportion and base. The specific payment ratio and base will vary according to different regions and industries. The management and operation of five insurances and one fund shall be the responsibility of the relevant social security institutions and housing provident fund management institutions.

To sum up, five insurances and one gold are an important part of China's social insurance system, including endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund. These insurance and provident fund contributions are shared by workers and employers, aiming at ensuring the basic living needs of workers and improving the level of social security.

Legal basis:

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

Article 2 provides that:

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.

Regulations of People's Republic of China (PRC) Municipality on Housing Provident Fund

Article 2 provides that:

The term "housing accumulation fund" as mentioned in these Regulations refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units and social organizations (hereinafter referred to as units) and their employees.