What insurance does the company pay for social security?

Social insurance mainly includes endowment insurance, industrial injury insurance, medical insurance, maternity insurance and unemployment insurance (that is, we often say five insurances). According to the Social Insurance Law, the employer has the responsibility and obligation to participate in five insurances and one fund for employees' pension, medical care, unemployment, work injury, maternity insurance and housing provident fund (Article 18 of the Regulations on the Administration of Housing Provident Fund stipulates that enterprises should participate in purchasing housing provident fund for employees).

1. Endowment insurance is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. (Enterprises pay 20% and individuals pay 8%, totaling 28%. )

2. Medical insurance is divided into basic medical insurance and social medical insurance. Medical security refers to ensuring that employees can get affordable and appropriate treatment technologies when they are sick, including basic drugs, basic services, basic technologies and basic expenses. Social medical insurance is a social insurance system established by the state and society according to certain laws and regulations to provide basic medical needs for workers within the scope of protection. (enterprise contribution ratio 10%, individual contribution ratio 2%, total 12%. )

3. Industrial injury insurance refers to a social insurance system in which workers and their survivors can obtain necessary material compensation from the state and society when they die or temporarily or permanently lose their ability to work due to accidental injuries or occupational diseases. (Enterprises pay 0.5%-2%, but individuals don't need to pay. )

4. Maternity insurance is a social policy that the state provides economic and material help to maternity workers through social insurance legislation. Its purpose is to provide maternity allowance, maternity leave and medical services for female workers, to ensure their basic economic income and medical care when they temporarily lose their working ability due to childbirth, and to help female workers recover their working ability and return to work, thus reflecting the support and care given to women by the state and society in this special period. (The enterprise contribution rate is 0.8%, and individuals do not need to pay. )

5. Unemployment insurance refers to a system that is enforced by the state through legislation, and funds are set up by the society to provide material assistance to workers who temporarily suspend their livelihood due to unemployment. (The enterprise pays 2%, and the individual pays 1%, totaling 3%. )