The difference between seven insurances and one gold and five insurances and one gold

Legal analysis: five insurances and one gold, among which five insurances are endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance, which are mandatory. If the employer fails to apply for social security for employees or the employees themselves fail to pay social security, it is illegal. "One gold" is the housing accumulation fund, which is recommended, but many law-abiding and formal units have applied for one gold. And seven insurances and two gold, of which seven insurances refer to endowment insurance, medical insurance, work injury insurance, unemployment insurance, maternity insurance and supplementary medical insurance. Some people say that the latter two are disability insurance and death insurance, and there is no standard provision. "Second gold" refers to housing accumulation fund and enterprise annuity. Thus, the biggest difference between "seven insurances and two gold" and "five insurances and one gold" is that there are two insurances and one gold more than "five insurances and one gold", namely, supplementary medical insurance, disability insurance (or death insurance) and enterprise annuity, which means that employees can enjoy more insurance benefits and more comprehensive protection. However, while the company pays more for its employees, the employees themselves may have to pay more money.

Legal basis: Article 2 of the Social Insurance Law of People's Republic of China (PRC) The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., to protect citizens' right to get material help from the state and society according to law in case of old age, illness, industrial injury, unemployment and maternity.

"Regulations on the Management of Housing Provident Fund" Article 3 The housing provident fund paid by individual employees and the housing provident fund paid by the employee's unit for employees belong to individual employees.

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The above answer is only for the current information combined with my understanding of the law, please refer carefully!

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