What is the change from five risks to three risks?

The reason why "five insurances" changed to "three insurances" is that in the social security payment, the employer pays maternity insurance and work injury insurance, and the individual does not have to bear it. Only pension insurance, medical insurance and unemployment insurance require individuals and units to participate in the payment. Therefore, when the insured inquires about the social security payment information, generally only the relevant data information of the three types of insurance that the insured participates in the payment is displayed.

At present, the "five insurances and one gold" paid by employees include: basic old-age insurance, basic medical insurance, work injury insurance, unemployment insurance, maternity insurance and housing accumulation fund;

According to "Social Insurance Law" and "Regulations on Housing Provident Fund Management", "three insurances and one fund" has become history. Now, according to laws and regulations, enterprises must participate in "five insurances and one gold" for employees.

The difference between three risks and five risks

The difference between five insurances and one gold and three insurances and one gold is maternity insurance and industrial injury insurance. Three insurances and five insurances are indeed legal. The difference is that maternity insurance and industrial injury insurance are completely paid by the employer;

Different from other three insurances, employers and workers pay the same fees. Generally speaking, if the employer is willing to pay the housing provident fund for you, it is not a problem to pay these two insurances.

I hope the above content can help you. If in doubt, please consult a professional lawyer.

Legal basis:

Article 2 of the 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, 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.