What's the difference between several kinds of social security?

Social security is divided into five types, the differences are as follows:

1, basic old-age insurance; Ensure that workers have financial resources after retirement;

2. Basic medical insurance; Used for reimbursement of medical expenses when employees are sick;

3. Work injury insurance; Provide medical expenses payment or work-related injury compensation for employees;

4. Unemployment insurance; Support the basic livelihood of unemployed workers;

5. Maternity insurance; Provide maternity expenses reimbursement and related treatment for maternity workers.

Basic components of social security:

1, old-age insurance: providing basic living security after retirement;

2. Medical insurance: used to reduce the economic burden of seeking medical treatment due to illness;

3. Unemployment insurance: provide financial assistance for a certain period of time when unemployed;

4. Work-related injury insurance: providing medical and economic compensation for work-related accidents or occupational diseases;

5. Maternity insurance: provide certain financial subsidies and medical services for the maternity of female employees.

To sum up, the social insurance system provides comprehensive economic security for workers through five types of insurance-basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, ensuring that they can get necessary economic support and social welfare at different stages of their lives, such as retirement, illness, industrial injury, unemployment and childbirth.

Legal basis:

People's Republic of China (PRC) social insurance law

second

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 when they are old, sick, injured, unemployed and have children.