How much is the social security fee deducted by the bank?

Social security paid by individuals includes endowment insurance, medical insurance, unemployment insurance and maternity insurance.

These insurances include pension, medical care, unemployment and maternity insurance. The payment period conforms to the social security regulations, and you can apply for entrepreneurial pension when you reach the statutory retirement age. Hospitalization can enjoy medical insurance reimbursement, unemployment can apply for unemployment benefits, and women of childbearing age can enjoy maternity reimbursement and subsidies.

Social insurance premium:

Social insurance premium refers to the fees paid by employees and employers to social insurance management institutions in the process of raising social insurance funds, which is the most important source of social insurance funds. It plays a positive role in alleviating the financial pressure of enterprises and helping enterprises to resume production as soon as possible.

Social insurance must work out a certain proportion of the insured's burden according to the probability of various risk accidents and the total payment expenditure estimated in advance according to the payment standard as the standard for determining the insurance rate. Moreover, unlike commercial insurance, the calculation of social insurance rate needs to consider more social and economic factors besides risk factors in order to obtain a fair and reasonable rate.