Is it legal for the company to subsidize five insurances instead of paying five insurances?

Legal analysis: illegal, the employer must pay social security to employees on time.

Legal basis: Article 60 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the employer shall declare 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.