Does social security mean five insurances?

Legal analysis: Five insurances and one fund refer to endowment insurance, medical insurance, maternity insurance, unemployment insurance, industrial injury insurance and housing accumulation fund, which are collectively referred to as several security benefits provided by employers to workers. Social insurance refers to the institutional arrangement that the state raises funds through various channels such as legislation in accordance with the principle of corresponding rights and obligations, and provides material help to the insured when he encounters risks such as old age, illness, work injury, unemployment and maternity, so that he can enjoy basic living security and avoid or reduce economic losses. Including old-age insurance, medical insurance, maternity insurance, unemployment insurance and industrial injury insurance, commonly known as "five insurances". Housing accumulation fund is actually a housing security system and a form of monetization of housing distribution. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed. Units and individual employees must fulfill their obligations to pay housing provident fund according to law. The housing provident fund paid by individual employees and the housing provident fund paid by the unit shall be stored in special accounts and owned by individual employees.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 2 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 in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.

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The above answer is only for the current information combined with my understanding of the law, please refer carefully!

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