What are the three types of insurance that are generally included in the three insurance policies?

In China, the three types of insurance commonly referred to as "three insurance" are pension insurance, medical insurance and unemployment insurance, which form the basic social security system. The contributions for these three types of insurance are not borne entirely by the employer, but are shared between the employer and the individual***. The specific ratios are: for pension insurance, the unit pays 20 percent and the individual 8 percent; for medical insurance, the unit pays 6 percent and the individual 2 percent; and for unemployment insurance, the unit pays 2 percent and the individual 1 percent.

According to Article 58 of the Social Insurance Law of the People's Republic of China, employers are required to register their employees for social insurance within 30 days of their joining the workforce, and if they fail to complete the registration process, the social insurance agency will conduct an approval process and charge the appropriate fees. For self-employed businessmen without employees, part-time workers and other flexibly employed people, they can also voluntarily apply for social insurance registration and use a unified personal social security number, which is usually the same as a civil identity number.

Employers are obliged to self-declare and pay social insurance contributions in full and on time in accordance with the law, and may not defer or reduce them unless they encounter force majeure factors. Employees' social security contributions are usually withheld and paid by the employer on their behalf, and a breakdown of the contributions is provided to the employee on a regular basis. For those who are not in an employment relationship as mentioned above, they can pay social insurance premiums directly to the social insurance premium collection agency.

Social insurance premium collection agencies are responsible for collecting social insurance premiums in accordance with the law and regularly report on the status of contributions to employers and individuals. These provisions are designed to ensure the basic livelihood security of all citizens, regardless of their employment status, and the corresponding social insurance benefits.