There are several types of social security

Social security is divided into five types are:

1. Basic Pension Insurance;

Basic Pension Insurance, also known as the State Basic Pension Insurance, is a social insurance system that is mandatorily established and implemented by the State in accordance with laws and regulations.

Basic old-age insurance adopts the traditional mode of raising basic old-age insurance premiums in the mobilization of the basic old-age insurance fund, i.e., it is borne by the State, the unit and the individual*** together, and employers and workers must pay old-age insurance premiums in accordance with the law.

2. Basic medical insurance;

Basic medical insurance is a social insurance system set up to compensate workers for economic losses caused by the risk of illness. Through the contributions of employers and individuals, a medical insurance fund is established, and after participants incur medical expenses for illness and medical treatment, the medical insurance agency will give them a certain amount of financial compensation, so as to avoid or alleviate the economic risks brought about by workers' illnesses and treatments.

Basic medical insurance is one of the most important types of insurance in the social insurance system, and it constitutes a modern social insurance system together with basic pension insurance, work injury insurance, unemployment insurance, maternity insurance and other ****.

3. Worker's compensation insurance;

Worker's compensation insurance, also known as occupational injury insurance, is a social coordination method to centralize the worker's compensation insurance premiums paid by the employer and establish a worker's compensation insurance fund, which will give the worker and his/her practical and legal medical treatment when he/she suffers from accidental injuries or occupational diseases in the course of his/her production and business activities, which result in his/her death or temporary or permanent loss of labor capacity and the necessary financial compensation. This compensation includes both medical treatment, rehabilitation costs required, but also to ensure the cost of basic life.

4. Unemployment insurance;

Unemployment insurance refers to the state through legislation mandatory, by employers, individual employee contributions and state financial subsidies and other channels to mobilize funds to establish an unemployment insurance fund, for the unemployed due to the temporary interruption of the source of livelihood of the workers to provide material assistance to safeguard their basic livelihood, and through professional training, vocational referral, etc., to create conditions for their reemployment Unemployment insurance is an important part of the social security system. Unemployment insurance is an important part of the social security system and is one of the main programs of social insurance.

5. Maternity insurance.

Maternity insurance is a social insurance system in which the State adopts legislation to provide medical care, maternity allowances and maternity leave by the State and society in the event of temporary interruption of the labor of a woman worker during pregnancy and childbirth. The insurance is paid for by enterprises.

Maternity insurance benefits include two main items:

One is the maternity allowance,

and the other is the maternity medical treatment.

Social insurance refers to a social and economic system that provides income or compensation to a population that is incapacitated, temporarily out of work, or has suffered a loss due to health reasons.

Legal Basis

The Social Insurance Law of the People's Republic of China

Article 2 The State establishes a social insurance system for basic old-age pension insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance and other social insurance, and guarantees the right of citizens to obtain material assistance from the State and from society according to the law in the event of old age, sickness, industrial injury, unemployment and maternity. society in the event of old age, sickness, industrial injury, unemployment or maternity.