What are the seven risks?

Seven risks refer to endowment insurance, medical insurance, unemployment insurance, industrial injury insurance, maternity insurance, accidental injury insurance and enterprise supplementary endowment insurance. Details are as follows:

1. Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society according to certain laws and regulations to terminate labor obligations for workers who reach the working age limit stipulated by the state or to retire from work because of old age.

2. Medical insurance is a medical insurance system enforced by the state through legislation. Employers and individuals pay insurance premiums according to a certain proportion, establish social medical insurance funds, and pay medical expenses for employees.

3. Unemployment insurance. It refers to the system that the state enforces it through legislation and the society establishes a fund to provide material help to workers who have temporarily interrupted their sources of livelihood because of unemployment, so as to ensure the basic livelihood of unemployed people during unemployment and promote their re-employment;

4. Work-related injury insurance refers to a social insurance system in which workers or their survivors suffer from accidental injuries or occupational diseases at work, or under specified special circumstances, resulting in temporary or permanent loss of working ability and death, and the state and society provide material assistance;

5. Maternity insurance is a social insurance system that the state and society provide medical services, maternity allowance and maternity leave when pregnant women temporarily stop working through legislation;

6. Accident insurance is one of the life insurance businesses. Personal insurance with the death or disability of the insured caused by accidental injury as the condition for payment of insurance benefits;

7. Enterprise supplementary endowment insurance, also called enterprise annuity. It is a supplementary old-age insurance system established by enterprises under the guidance of national policies and according to their own economic strength and situation, in addition to the compulsory national pension, to provide a certain degree of retirement income protection for employees of this enterprise.

Legal basis:

Article 2 of People's Republic of China (PRC) 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 receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.