The difference between the company to buy social security and the individual to buy social security

Corporate social security and personal payment of social security differences are as follows:

1, the scope of insurance between the two are different, the company to pay social security is a five insurance, individuals can only pay the basic medical insurance, pension insurance; 2, the proportion of the two contributions are different, the company to pay social security and personal payment of social security are based on the average social wage of the employees of the previous year to determine the base of the contributions, but the social security costs in the urban workers are mostly borne by the company. Most of the social security costs of urban workers are borne by the company, the individual part of the social security accounted for ten percent of the general wage;

3, the mandatory difference between the two, the company to pay social security is a legal obligation.

Social insurance refers to a social and economic system that provides income or compensation to a population that is incapacitated, temporarily out of work, or has suffered a loss due to health reasons. The main items of social insurance include pension insurance, medical insurance, unemployment insurance, work injury insurance, and maternity insurance.

Social insurance is mainly through the mobilization of social insurance fund, and within a certain range of social insurance fund to implement the co-ordination of transfer to the workers encountered in the labor risk to give the necessary help, social insurance for workers to provide a basic livelihood protection, as long as the workers to meet the conditions for enjoying social insurance, i.e., either with the employer to establish a labor relationship, or has been in accordance with the provisions of the payment of social insurance premiums, you can enjoy social insurance, social insurance. social insurance benefits as long as the worker meets the conditions for enjoying social insurance, i.e. either has established a labor relationship with the employer or has paid the required social insurance premiums.

Social insurance is the core content of the social security system. Social insurance must be based on the probability of occurrence of various risks and accidents, and in accordance with the standard of payment of the total amount of expenditure estimated in advance, to find out a certain percentage of the burden of the insured, as a standard for determining the rate of insurance premiums. Moreover, unlike commercial insurance, the calculation of social insurance premium rates needs to take into account more socio-economic factors in addition to the risk factors, in order to find a fair and reasonable rate.

Legal basis

The Social Insurance Law of the People's Republic of China

Article 2 The State establishes a social insurance system for basic old-age pension insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance and other social insurance, and guarantees the right of citizens to receive material assistance from the State and society in accordance with the law in the event of old age, sickness, industrial injury, unemployment and maternity.