What are the benefits of paying social insurance?

In fact, a large part of the reason why people buy social security is because of its function. Although there are relatively few functions of social security, only five (pension, work injury, unemployment, maternity and medical insurance), it is incomparable to commercial insurance in many aspects. Let me explain it to you in detail.

1. For individuals

Social security is of great significance to individuals. First of all, we all know that buying commercial insurance requires health information. You can get sick without insurance, but social security is different. As long as you join the company, you can be insured regardless of illness.

Not all the expenses of social security are borne by consumers themselves, but most of them are paid by employers. Social security is obviously more cost-effective than commercial insurance that needs to be paid by itself.

2. For enterprises

Enterprises can reduce the burden through social insurance, ensure that employees have no worries when they participate in labor production, and attract and retain talents.

3. To society

It ensures social stability and reduces the related pressure.

The role of social security has the following aspects:

1. Old-age insurance: used to guarantee the life after retirement. One of the conditions for the level of pension is how many years the pension insurance has been paid. The more you give, the more you gain. At present, the policy is that after 5 years of accumulated contributions/kloc-0, you can enjoy pension insurance benefits after retirement.

2. Medical insurance: medical treatment or hospitalization can be reimbursed, and medicines can also be reimbursed. The reimbursement rate is quite high. It is especially important for people with low wages to get sick and have subsidies.

3. Maternity insurance: women can be reimbursed and receive maternity allowance when they give birth, and men can also receive part of the allowance when their wives give birth.

4. Unemployment insurance: If you are unemployed, you can receive unemployment benefits to protect your living expenses during unemployment.

5. Work-related injury insurance: Needless to say, especially those who are engaged in high-risk work in factories, if they are injured accidentally, work-related injury insurance can be effectively reimbursed to reduce the economic burden.

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