Social security three insurance refers to what three insurance and one gold includes what

Three insurance is the most basic social insurance, is the predecessor of five insurance, which includes pension insurance, medical insurance and unemployment insurance. According to China's social security regulations, any employer must participate in social security for employees to contribute to the three insurance.

Pension insurance: Pension insurance, the full name of the basic social pension insurance, is a social insurance system established by the state and society according to certain laws and regulations to solve the basic livelihood of the workers after they reach the limit of the working age stipulated by the state to terminate the labor obligations, or quit the labor position due to the loss of working ability in the old age.

Medical insurance: medical insurance generally refers to basic medical insurance, which is a social insurance system established to compensate workers for economic losses caused by the risk of illness. Through the employer and individual contributions, the establishment of a medical insurance fund, the insured person sick visit medical expenses incurred by the medical insurance organization to give them a certain amount of financial compensation.

Unemployment insurance: Unemployment insurance refers to the state through legislation mandatory implementation, by employers, individual employee contributions and state financial subsidies and other channels to raise funds to establish an unemployment insurance fund, for the unemployed and temporarily interrupted the source of livelihood of the workers to provide material assistance to protect their basic livelihood, and through professional training, vocational training, and other means of employment to create conditions for their re-employment of the system.