What does it mean to pay five insurances and one gold?

Legal analysis: paying five insurances and one gold on the job means that after the employee joins the job, the employer must pay five insurances and one gold for the employee of the company according to law. Five insurances and one gold include basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance and other social insurance systems. Individuals enjoy social insurance benefits in accordance with the law, and the state implements five insurance and one gold measures to regulate social insurance relations. Safeguard the legitimate rights and interests of citizens to participate in social insurance and enjoy social insurance benefits, so that citizens can share the fruits of development, thus ensuring citizens' right to receive material assistance from the state and society in accordance with the law in cases of old age, illness, work injury, unemployment and maternity.

Legal basis: Article 4 of People's Republic of China (PRC) Social Insurance Law. Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.