Is it social security to buy only endowment insurance?

Legal analysis: Old-age insurance is not social security, and social security includes old-age insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Old-age insurance only refers to employee's old-age insurance, and the employer shall handle social insurance registration for its employees within 30 days from the date of employment. The two concepts are different: endowment insurance refers to a kind of social insurance established by the state and society according to laws and regulations to solve the basic livelihood of workers after they reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. Social security is the abbreviation of social insurance, which refers to five kinds of insurance: endowment insurance, medical insurance, maternity insurance, unemployment insurance and industrial injury insurance. The contents of the two are different: social insurance includes endowment insurance, but it is not limited to endowment insurance, which is only one of the five types of social insurance. Usually we buy social insurance including old-age insurance, but we buy a single old-age insurance, excluding medical insurance and so on.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 24 The state establishes and improves the new rural cooperative medical system. Measures for the administration of the new rural cooperative medical system shall be formulated by the State Council.

Article 25 The state establishes and improves the basic medical insurance system for urban residents. The basic medical insurance for urban residents combines individual contributions with government subsidies. People who enjoy the minimum living guarantee, disabled people who have lost their ability to work, elderly people and minors over 60 years old in low-income families, etc. , subsidized by the government.

Twenty-sixth basic medical insurance for employees, new rural cooperative medical care and basic medical insurance for urban residents shall be implemented in accordance with state regulations.