Does social security have endowment insurance?

First, social security has endowment insurance, but social security and endowment insurance are different. Social security refers to five kinds of insurance: endowment insurance, medical insurance, maternity insurance, unemployment insurance and industrial injury insurance, which is the abbreviation of social insurance. Endowment insurance refers to the social insurance established by the state and society according to laws and regulations to solve the problem that workers reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. Social insurance includes, but is not limited to, endowment insurance, which is one of the five types of social insurance.

Two, the difference between social security and endowment insurance is:

1. Different concepts: Old-age insurance refers to a kind of social insurance established by the state and society according to laws and regulations to solve the basic livelihood of workers after they reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. Social security is the abbreviation of social insurance, which refers to five kinds of insurance: endowment insurance, medical insurance, maternity insurance, unemployment insurance and industrial injury insurance.

2. Different contents: Although social security includes endowment insurance, it is not limited to endowment insurance, which is only one of the five types of social insurance. Old-age insurance only provides old-age security. If you only pay one-off pension insurance, it does not include medical insurance.

3. Different purposes: The main purpose of endowment insurance is to ensure the basic life after old age. Buying social security can not only guarantee the basic life after old age, but also provide medical insurance to ensure the basic life during unemployment and work-related injuries.

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, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.