What are the benefits of paying social security?

The benefits of paying social insurance are as follows:

1, endowment insurance.

It is a social insurance system in which workers get certain economic compensation, material help and services from the government and society after reaching the legal retirement age.

2. Medical insurance.

The basic medical insurance system for urban employees is a social insurance system based on the affordability of finance, enterprises and individuals to ensure the basic medical needs of employees.

All employers, including enterprises (state-owned enterprises, collective enterprises, foreign-invested enterprises and private enterprises, etc. ), organs, institutions, social organizations, private non-enterprise units and their employees must participate in the basic medical insurance. The basic medical insurance fund for urban workers consists of the basic medical insurance social pooling fund and individual accounts. The basic medical insurance premium consists of the employer and the employee's personal account.

3. Work injury insurance.

Also known as occupational injury insurance. After a worker suffers from accidental injuries due to work or occupational diseases due to exposure to occupational hazards such as dust, radiation and toxic substances, the state and society shall provide necessary material assistance to the disabled and the relatives of the deceased.

4. Unemployment insurance.

It is a system enforced by the state through legislation, and the society sets up a fund to provide material help to workers who temporarily interrupt their livelihood because of unemployment. All kinds of enterprises and their employees, institutions and their employees, social organizations and their employees, private non-enterprise units and their employees, and employees with whom state organs have established labor contracts shall apply for unemployment insurance.

5. Maternity insurance.

According to the physiological characteristics of childbearing behavior, according to the law, the material help provided by the state or society when working women temporarily suspend their work and lose their normal source of life due to childbirth.