Does the five insurances include social security?

Five insurances include social security.

Five insurances are an important part of social insurance, including basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance. These insurances are designed to provide material assistance to citizens facing old age, illness, work injury, unemployment and maternity. The employing unit shall, within 30 days after establishing the labor relationship with the employee, handle the social security registration for the employee and pay the corresponding social security fees on time every month. Among them, old-age insurance, medical insurance and unemployment insurance are jointly paid by enterprises and individuals, while industrial injury insurance and maternity insurance are entirely borne by enterprises, and individuals do not need to pay.

Five insurance payment methods:

1. The employing unit shall handle social insurance registration for employees within 30 days from the date of employment.

2. The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment except for legal reasons such as force majeure. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.

To sum up, five insurances are an important part of social insurance, which aims to provide material help for citizens in the face of old age, illness, work injury, unemployment and maternity. Among them, old-age insurance, medical insurance and unemployment insurance are paid by enterprises and individuals, while work injury insurance and maternity insurance are entirely borne by enterprises, and individuals do not have to pay them.

Legal basis:

People's Republic of China (PRC) social insurance law

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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.