Why does the company force employees to pay insurance, only five insurances?

Five risks are legal responsibilities. Article 4 of the Social Insurance Law of People's Republic of China (PRC) stipulates that employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and require social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

According to the law, any employer in China, including enterprises, institutions, private enterprises, foreign-funded enterprises and individuals, has the legal obligation to pay social insurance premiums. Therefore, at present, except that the state organs are discussing the implementation of social insurance, all employers must participate in social insurance and pay social security fees according to law.

At present, what we generally call "five insurances and one gold" refers to several kinds of security benefits granted to workers by employers. "Five insurances" refers to five kinds of insurance, including endowment insurance, medical insurance, unemployment insurance (including serious illness insurance), industrial injury insurance and maternity insurance; "One gold" refers to the housing accumulation fund. Among them, pension insurance, medical insurance and unemployment insurance, housing accumulation fund are paid by enterprises and individuals, and industrial injury insurance and maternity insurance are entirely borne by enterprises, and employees do not need to pay. It should be noted that the "five insurances" are legal, so the insured units must pay the endowment insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance in full and on time, and it is illegal to default, conceal or refuse to pay them.

For the payment of "one gold", at present, the state has not enacted laws to restrict it, only the Regulations on the Management of Housing Provident Fund issued by the State Council, but the intensity is not enough. At present, housing accumulation funds are mostly based on regulations and are bound by local administrative regulations or local regulations of provinces, municipalities and autonomous regions. Some provinces and cities have introduced compulsory payment rules and punishment measures, which is also the trend of future development. However, for a considerable number of areas where there is no mandatory provision, whether to pay the housing provident fund depends largely on the benefits and integrity of the employer.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.