Is it necessary to buy social security?

Legal analysis: social security is still to be bought. Social security, including social security for urban and rural residents and social security for urban workers, is a welfare policy launched by the state to improve people's livelihood. It mainly adopts the way of pooling funds, and all the funds paid by the insured are concentrated in the social security fund, which is managed and distributed by the relevant state departments, which can greatly reduce the economic burden of the insured and the cost of participating in the insurance is also low.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 1 This Law is formulated in accordance with the Constitution for the purpose of regulating social insurance relations, safeguarding citizens' legitimate rights and interests in participating in social insurance and enjoying social insurance benefits, enabling citizens to share the fruits of development and promoting social harmony and stability.

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.