Can I just buy provident fund and not buy five insurances?

Legal analysis: No, provident fund refers to the long-term housing savings paid by units and their employees. Simply put, if you want to pay the provident fund, you must be an employee. If you are an employee, the company must buy social security. Therefore, it is not feasible to buy provident fund without paying social security. But in reality, many companies only buy social security but not provident fund (it is illegal not to pay provident fund), but there are no companies that only buy provident fund but not social security. There are still many uses for five insurances and one gold. The protection of pension, medical care, maternity, work injury and unemployment is the role of the five insurances, and the loan for buying a house is the most important role of the provident fund.

Legal basis: Article 64 of People's Republic of China (PRC) Social Insurance Law includes basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.