Are endowment insurance and social security the same thing?

Pension insurance and social security are not the same thing. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Endowment insurance is a social insurance system established by the state and society according to certain laws and regulations to solve the problem that workers reach the working age limit stipulated by the state to terminate their labor obligations or quit their jobs because of old age.

Legal basis: Article 58 of People's Republic of China (PRC) Social Insurance Law.

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration.

The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.

What are the application procedures for social security?

1. If a party has an employer, the employer shall first prepare its business license, employee roster and other materials;

2. Then apply to the social security agency for registration;

3, and then audited by the social security agency;

4. If it is finally approved, it shall be registered and social security cards shall be issued.