What is the social security of buying a house?

The social security needed to buy a house is: basic medical insurance, basic old-age insurance, industrial injury insurance, maternity insurance and unemployment insurance. The specific social security eligibility requirements are determined according to the local purchase restriction policy. It usually takes several of these five insurances to reach the payment period.

The benefits of social security are as follows:

1. As the name implies, social insurance is a social security system implemented by national laws and government decrees. Its purpose is to ensure that workers can get material help from the state and society when they temporarily or permanently lose their ability to work due to illness, old age, death, injury, disability, unemployment and other reasons.

2. From the perspective of economic benefits, participating in social insurance means benefiting. Life after retirement is reliably guaranteed. The more you pay, the more you enjoy.

3. From the social environment, China has formed a general climate to strengthen the social insurance system. From the State Council to the provincial government, "four cases and one regulation" has been issued one after another, which clearly stipulates that qualified personnel must participate, so it is imperative to participate in social insurance. Social insurance is a compulsory social system, an important part of the market economic system and the guarantee of the market economic system.

Legal basis:

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.