Is social security the same as five insurances?

There is no difference between social security and five insurances. Social security is five insurances. Including basic old-age insurance, basic medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

1. Five risks include: medical insurance, maternity insurance, unemployment insurance, industrial injury insurance and endowment insurance.

2. Social security: endowment insurance, medical insurance and unemployment insurance. These three types of insurance are paid jointly by enterprises and individuals, while industrial injury insurance and maternity insurance are entirely borne by enterprises. Individuals do not need to pay fees.

3, so the five risks are social security.

(1) Old-age insurance: the accumulated payment is 15 years, and you can enjoy the old-age insurance treatment when you reach retirement age, that is, you can receive the corresponding old-age insurance premium every month.

② Medical insurance: it means that employees can be reimbursed for illness and hospitalization.

(3) Work-related injury insurance: During the contract period with the enterprise, if an accident occurs, the enterprise can also compensate.

(4) Unemployment insurance: After paying for more than one year, you can enjoy unemployment insurance and receive certain unemployment benefits if the files are returned to the community.

⑤ Maternity insurance: Reimbursement of all maternity-related expenses.

Second, the judicial interpretation of social insurance

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

Old-age insurance: the accumulated payment is 15 years, and you can enjoy the old-age insurance treatment when you reach retirement age, that is, you can receive the corresponding old-age insurance premium every month.

Medical insurance: employees can be reimbursed for illness and hospitalization.

Industrial injury insurance: during the contract period with the enterprise, if an accident occurs, the enterprise can also compensate.

Unemployment insurance: If the files paid for more than one year are returned to the community, they can enjoy unemployment insurance and receive certain unemployment benefits.

Maternity insurance: reimbursement of all maternity-related expenses.

In the process of social life, the five insurances we often talk about are actually the social security mentioned in the law. There is no difference between them. All need to be paid legally in accordance with the relevant laws. In judicial practice, employers should sign labor contracts in time, clarify the payment of social security or five insurances, and avoid contradictions and disputes.

legal ground

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.