How much is the social insurance premium?

Social insurance premium refers to the fees paid by employees and employers to social insurance management institutions in the process of raising social insurance funds, which is the most important source of social insurance funds.

Social insurance premium refers to the fees paid by employees and employers to social insurance management institutions in the process of raising social insurance funds, which is the most important source of social insurance funds. The objective basis of social insurance is the risks existing in the labor field, and the object of insurance is the workers themselves.

Social insurance funds mainly include five categories, namely, basic old-age insurance funds, basic medical insurance funds, industrial injury insurance funds, unemployment insurance funds and maternity insurance funds. All social insurance funds shall be accounted for according to the types of social insurance, and a unified national accounting system shall be implemented. Social insurance funds shall be earmarked for special purposes, and no organization or individual may occupy or misappropriate them in any form.

The role of paying social security

Those who participate in endowment insurance will receive pensions, pensions and funeral expenses after retirement; Those who participate in medical insurance can be used for medical reimbursement and medical insurance treatment services for the elderly; Participate in unemployment insurance, and the insured person receives unemployment insurance money after unemployment; Participate in work-related injury insurance to pay work-related injury medical expenses, living care expenses, disability subsidies and disability allowances.

The old, weak, sick, disabled, pregnant and disabled members of society are inevitable objective phenomena in any era and under any social system. Social insurance is to give appropriate compensation to members of society when they encounter this situation, to ensure their basic living standards and to prevent the emergence of unstable factors.

Laborers will inevitably encounter all kinds of accidents in the process of labor, resulting in the pause of labor reproduction. Social insurance is to give necessary economic compensation and living security to workers when they encounter the above-mentioned risk accidents, so that the labor force can be restored.