The difference between five insurances and one gold for industry and commerce and five insurances and one gold for social security.

The difference between five insurances and one gold for business and five insurances and one gold for social security is as follows:

1, they are different in nature. Five insurances and one fund, also known as social insurance, is a government act enforced by national legislation and has a non-profit nature. Commercial insurance is a kind of commercial behavior. The relationship between the insured and the insurance company is voluntary and profitable;

2. Different sources of funds. Social insurance is borne by the state, employers and individuals. Commercial insurance is entirely borne by individuals;

They have different purposes. The purpose of social insurance is to protect people's basic life, while the fundamental purpose of commercial insurance is to make profits.

Five insurances and one gold use:

1, old-age insurance is for providing for the elderly, and workers can receive pensions when they reach the legal retirement age;

2. Medical insurance is used for medical reimbursement when employees are sick;

3. Unemployment insurance means that employees receive living expenses after unemployment;

4. Maternity insurance is a maternity reimbursement and related treatment for employees when they give birth;

5. Work-related injury insurance refers to the payment of medical expenses or compensation for work-related injuries for employees who have suffered work-related injuries;

6. Housing accumulation fund is a housing reform. Enterprises and employees each pay a certain amount of housing provident fund, and those who meet the extraction conditions can be withdrawn, or they can enjoy lower housing loan interest when buying commercial housing, thus reducing the economic burden of employees.

To sum up, social security is the basic social security provided by the state for ordinary people. It provides the basis for ordinary people's life through old-age insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance, because illness and death may bring great changes to everyone's life, and social security can reveal and reduce the adverse effects under these circumstances.

Legal basis:

Article 12 of the Insurance Law of People's Republic of China (PRC)

When concluding an insurance contract, the applicant for life insurance shall have an insurable interest in the insured.

The insured of property insurance shall have an insurable interest in the subject matter insured at the time of the insured accident.

Personal insurance is an insurance with human life and body as the subject matter.

Property insurance is insurance with property and its related interests as the subject matter.

The insured refers to the person whose property or person is protected by the insurance contract and enjoys the right to claim insurance money. The applicant can be the insured.

Insurable interest refers to the legally recognized interest of the insured or the insured in the subject matter of insurance.