Job Recruitment Website - Social security inquiry - Is it social security to pay only endowment insurance?

Is it social security to pay only endowment insurance?

Legal analysis: No, social security includes pension insurance, unemployment insurance, work injury insurance and maternity insurance in addition to medical insurance. Endowment insurance is a social insurance system in which workers get certain economic compensation, material help and services from the government and society after reaching the legal retirement age. The basic medical insurance system for urban employees is a social insurance system based on the affordability of finance, enterprises and individuals to ensure the basic medical needs of employees. Work-related injury insurance means that the state and society provide necessary material assistance to the disabled and the relatives of the deceased after the workers are accidentally injured due to work reasons or occupational diseases caused by exposure to occupational hazards such as dust, radiation and toxic substances. Unemployment insurance is a system enforced by the state through legislation and set up by the society to provide material assistance to workers who have temporarily interrupted their livelihood due to unemployment. Maternity insurance is aimed at the physiological characteristics of fertility behavior. When working women temporarily stop working and lose their normal source of income due to childbirth, the state or society provides them with material help.

Legal basis: According to Article 2 of the Social Insurance Law, the state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., to protect citizens' right to get material help from the state and society in case of old age, illness, industrial injury, unemployment and maternity.