Social security or endowment insurance?

Social security refers to a social and economic system that provides income or compensation for people who have lost their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social security include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Social security includes endowment insurance, which is a part of social security. Social security not only solves medical problems, but also solves unemployment, work-related injuries, pension and other problems, and is the basic guarantee for the people.

According to the national regulations of China, employers must pay all social security in proportion to employees' income. Among them, pension insurance, medical insurance and unemployment insurance are paid by employers and employees in proportion, while work injury and maternity insurance are paid by employers, and employees do not need to pay.

Endowment insurance is a special part of social security to protect people's pension. Accumulated payment reaches 15 years. Employees can receive pensions after retirement, which can supplement our life and ensure the quality of life.

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