What do you mean by three insurances and one gold?

Three insurances and one gold generally refer to endowment insurance, unemployment insurance, medical insurance and housing accumulation fund. According to national regulations, three insurances and one gold are paid by employers and individuals, paid regularly, and deposited in insurance accounts or provident fund accounts opened in personal capacity, and managed by relevant social functional departments. However, according to the current provisions of the Social Insurance Law and the Regulations on the Management of Housing Provident Fund, three insurances and one fund have been banned. According to the current laws and regulations, the company must pay five insurances and one gold for its employees, which means that work injury insurance and maternity insurance are mandatory for employees. Workers in various regions may report to the local labor security supervision department at or above the county level if they find that the unit fails to pay social insurance for workers according to law. In addition, the difference between three insurances and one fund is mainly manifested in the following aspects: three insurances and one fund include endowment insurance, medical insurance, unemployment insurance and housing accumulation fund. Five insurances and one gold include not only three insurances and one gold, but also maternity insurance and industrial injury insurance. If there are safety factors in the working environment, I suggest you buy an accident insurance. However, it should be reminded that employees of construction units in China will have work-related injury insurance in the future. If you are a construction worker without work-related injury insurance, you can complain to the local labor bureau. If maternity insurance is not paid, employees will not be able to enjoy maternity allowance, operation expenses and other benefits normally.

Legal basis: Article 2 of People's Republic of China (PRC) 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.