What does social security include?

Social security includes: endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.

Social security includes: endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. These include:

Old-age insurance refers to: employees pay monthly premiums during their employment and receive monthly pensions after retirement;

Medical insurance refers to: employees pay monthly premiums during their employment, and can reimburse medical expenses such as outpatient service or hospitalization when they are sick;

Unemployment insurance refers to: employees pay premiums every month during their employment and can receive unemployment benefits after unemployment;

Industrial injury insurance refers to: employees can get compensation if they are injured or lose their ability to work during their employment;

Maternity insurance refers to the insurance that employees can receive subsidies during their employment because of pregnancy and childbirth interruption.

Social insurance funds include basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country.

Legal basis: 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 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.