The importance of social security

Legal analysis: social security is of great significance. To put it simply, social security means that people in the whole society can have a guaranteed life, have a sense of security for their old age and have medical care for their diseases. Buying social insurance can solve and reduce the extra expenses in life, such as retirement without income, large expenses due to illness, no one cares about work-related injuries, unemployment without income, etc. According to the proportion and description of insurance, through social help, we can tide over life difficulties and reduce unnecessary troubles.

The role of social insurance: 1, old-age insurance: when you reach retirement age, you can get a monthly pension if you have paid enough years; 2, medical insurance: if you are sick, hospitalized and other large expenses. You can use this insurance to deduct some expenses to avoid the situation of expensive and difficult medical treatment; 3. Work-related injury insurance: Generally speaking, it refers to the accidental injury of employees during work or occupational diseases caused by long-term occupational reasons. During medical treatment, you can use this insurance to reimburse expenses and reduce the economic burden; 4. Unemployment insurance: if employees suddenly lose their jobs and have no income to support their living expenses, compulsory insurance funds can provide protection for the basic livelihood of unemployed people; 5. Maternity insurance: refers to a kind of medical service, maternity allowance and maternity leave allowance provided by the society when working women are unable to work due to childbirth and have no financial resources.

Legal basis: Article 1 of the Social Insurance Law of People's Republic of China (PRC) stipulates that this Law is formulated in accordance with the Constitution in order to standardize the social insurance relationship, safeguard the legitimate rights and interests of citizens to participate in social insurance and enjoy social insurance benefits, enable citizens to enjoy the fruits of development and promote social harmony and stability.

Article 2 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the state shall establish social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.