Is social security endowment insurance or medical insurance?

Social security is not endowment insurance. Social insurance includes basic old-age insurance, basic medical insurance, industrial injury insurance, maternity insurance and unemployment insurance. The basic old-age insurance is only a kind of social insurance. Social insurance needs to be insured by the unit, while the old-age insurance can be insured by the individual himself without the employer.

Social security includes endowment insurance, which is social security, but social security cannot be called endowment insurance. Social security includes more than old-age insurance. The five social insurances in China include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

According to the national regulations of China, employers must pay all social security in proportion to employees' income. Among them, pension insurance, medical insurance and unemployment insurance are paid by employers and employees in proportion, while work injury and maternity insurance are paid by employers, and employees do not need to pay.

The difference between social security and endowment insurance;

First, the two concepts are different: endowment insurance refers to a kind of social insurance established by the state and society according to laws and regulations to solve the basic livelihood of workers after they reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. Social security is the abbreviation of social insurance, which refers to five kinds of insurance: endowment insurance, medical insurance, maternity insurance, unemployment insurance and industrial injury insurance.

Second, the contents of the two are different: social insurance includes endowment insurance, but it is not limited to endowment insurance, which is only one of the five types of social insurance. Usually we buy social insurance including old-age insurance, but we buy a single old-age insurance, excluding medical insurance and so on.

Third, the purpose of the two is different: the main purpose of buying old-age insurance is to protect the basic life after old age. Buying social security can not only guarantee the basic life after old age, but also guarantee the basic medical service and the basic life during unemployment and work-related injuries.

Social security and endowment insurance are different, and their definitions are different:

1. Old-age insurance refers to a kind of social insurance formulated by our country and society according to national laws, policies and regulations, in order to solve the basic life of employees who are beyond the working age limit stipulated by the state to eliminate their work responsibilities, or who are squeezed out of their jobs due to old age, work-related injuries and other reasons.

2. Personal social security is the general term of social insurance, which refers to five kinds of insurance: endowment insurance, medical insurance, maternity insurance, unemployment insurance and work injury insurance.

Legal basis:

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

Article 2 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 in case of old age, illness, industrial injury, unemployment and maternity.