Does the company need to buy commercial insurance after paying five insurances and one gold?

The company has paid five insurances and one gold, so there is no need to buy commercial insurance.

Five insurances and one gold refer to several kinds of security benefits provided to workers by employers, including endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund.

On-the-job employees shall pay the housing provident fund in accordance with the regulations. As a payable item, housing accumulation fund should be legally necessary, and at the same time, payment also shows that it is an obligation.

Insurance coverage and payment methods are as follows:

1, employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium;

2. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

3. Endowment insurance for civil servants and staff managed according to the Civil Service Law shall be formulated separately by the State Council.

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Register in social insurance agencies (hereinafter referred to as social security agencies) → Social security agencies verify the number, base and proportion of old-age insurance contributions, and verify the payable amount on a monthly basis → Pay at local tax authorities → Social security agencies record personal accounts according to the arrival of insurance premiums → Social security agencies print personal account lists every year and send them to enterprises and employees.

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 to protect citizens' right to get material help from the state and society in the event of old age, illness, industrial injury, unemployment and maternity.