Why buy social security?

Legal analysis: the purpose of purchasing social security is to protect citizens' right to get material help from the state and society in accordance with the law in the case of old age, illness, work injury, unemployment and childbirth. Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. At the same time, it also guarantees the basic needs of the elderly, provides them with a stable and reliable source of livelihood, guarantees the basic medical needs of employees, guarantees the basic livelihood of unemployed people during unemployment, promotes their re-employment system, protects women's legitimate rights and interests, improves women's employment environment, and obtains compensation in case of industrial accidents or occupational diseases.

Legal basis: Article 2 of People's Republic of China (PRC) Social Insurance Law The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance. To ensure citizens' right to receive material assistance from the state and society in accordance with the law in cases of old age, illness, work injury, unemployment and maternity.