Job Recruitment Website - Social security inquiry - Is the endowment insurance in five insurances and one gold social security?
Is the endowment insurance in five insurances and one gold social security?
Yes, endowment insurance is one of the five insurances, and it is also a kind of social insurance. Five insurances and one gold refer to five basic insurances (endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance) and housing accumulation fund in the social insurance system. Endowment insurance is mainly to provide employees with a system of obtaining economic security after retirement, and flexible employees can also join individual endowment insurance. According to relevant laws and regulations, the old-age insurance premium is paid jointly by the employer and the employee, and the part paid by the individual can be returned to the individual according to a certain proportion when retiring. The payment and collection of endowment insurance shall be managed by social insurance institutions.
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