China social insurance payment standard

Social insurance is compulsory. The so-called coercion means that the state enforces it through legislation, and both individual workers and their units must participate in it in accordance with the provisions of the law. The payment standard, treatment items and payment standard of social insurance shall be uniformly stipulated by the laws and regulations of the state or local government. As the insured, individual workers have no right to choose and change whether to participate in social insurance, the items they participate in and the standard of treatment. Compulsory is the guarantee of implementing social insurance. Only in this way can we ensure the reliable source of social insurance funds. Commercial insurance is voluntary, and whoever takes out the insurance shall take out the insurance; The principle of no insurance. Insurance design, premium payment, insurance period, insurance liability, rights and obligations, etc.

All are implemented in accordance with the provisions of the insurance contract. Once the contract is terminated, the insurance liability will be automatically eliminated.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.