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What is social security?

Social security refers to the five insurances, that is, social insurance. Social insurance is compulsory. According to national laws, as long as the company has employees, the company must buy social insurance for them. Social insurance includes work-related injury insurance, unemployment insurance, maternity insurance, endowment insurance and medical insurance, among which medical insurance, endowment insurance and unemployment insurance are paid by companies and individuals in different proportions, while work-related injury insurance and maternity insurance are paid by units, and individuals do not need to pay. Article 2 of People's Republic of China (PRC) Social Insurance Law