Can social security only pay endowment insurance?

Social security can't just pay endowment insurance. Defined as follows:

1, social security includes basic old-age insurance; Basic medical insurance; Industrial injury insurance; Unemployment insurance; Maternity insurance;

2. Basic old-age insurance; In order to support the elderly, workers can receive pensions when they reach the legal retirement age.

The social security card includes the following items:

1, basic old-age insurance; In order to support the elderly, workers can receive pensions when they reach the legal retirement age;

2. Basic medical insurance; Illness is used for medical reimbursement;

3. Work injury insurance; Is an employee injured at work, paying medical expenses or compensating for related work-related injuries;

4. Unemployment insurance; After the employee loses his job, he receives living expenses;

5. Maternity insurance; It is a kind of maternity reimbursement and related treatment for employees.

The functions of social security include:

1, which can stabilize social life;

2, redistribution can be realized;

3. It can promote economic development;

4. Buying a car and buying a house in most areas is linked to social security, and it is required to pay social security for a certain period of time before buying a car and buying a house locally;

5. Among the five major insurances included in social security, endowment insurance can be used to receive pensions after retirement, as well as to pay funeral expenses and pension expenses; Medical insurance can reimburse medical expenses and enjoy medical insurance benefits after retirement; Unemployment insurance money can be used to receive unemployment insurance money and medical expenses subsidies after unemployment; Work-related injury insurance can be used to pay work-related injury treatment fees, living care fees, disability subsidies and disability allowances; And maternity insurance can be used to receive maternity allowance, maternity grants, reimbursement of maternity medical expenses and maternity leave enjoyment.

Legal basis:

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.

Article 3 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.