The core of social security system

The core of social security system is social insurance.

As the core of the social security system, social insurance mainly includes four parts: first, endowment insurance to ensure that workers can get basic economic support after retirement; Second, unemployment insurance provides economic assistance to workers who have lost their jobs for a certain period of time; The third is medical insurance to reduce the economic burden of employees seeking medical treatment due to illness; Fourthly, industrial injury insurance guarantees the basic living and medical needs of workers in case of industrial injury or occupational disease. These projects together form the foundation of social security, aiming at safeguarding citizens' legitimate rights and interests, sharing the fruits of social development and promoting social harmony and stability.

Components of social security:

1, old-age insurance: providing basic living security for retirees;

2. Medical insurance: reducing the economic burden of seeking medical treatment due to illness;

3. Unemployment insurance: providing economic assistance to the unemployed for a certain period of time;

4. Work-related injury insurance: providing medical expenses and cost of living allowance for work-related injuries;

5. Maternity insurance: to guarantee the basic income and related medical expenses of female employees during their childbearing period.

To sum up, the social security system takes social insurance as the core, covering four parts: endowment insurance, unemployment insurance, medical insurance and work-related injury insurance, aiming at providing workers with economic support after retirement, economic assistance during unemployment, medical expenses reduction and exemption, and life and medical security in case of work-related injuries or occupational diseases, so as to jointly build a solid foundation for safeguarding citizens' rights and interests, sharing the fruits of social development and promoting social harmony and stability.

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.