The purpose of participating in social insurance

Social security is required by the state to pay for employees, which has legal basis and mandatory effect.

Its purpose is to protect the rights and interests of enterprises and individuals.

1. Old-age insurance: the accumulated payment is 10 years, and you can receive a pension after reaching the statutory retirement age.

2. Unemployment insurance: individuals who leave involuntarily (enterprise layoffs, etc.). ) can receive unemployment benefits (continuous payment 1 year).

3. Work-related injury insurance: Even if an individual is injured at work, even if he is disabled or killed, he can use the work-related injury fund to reduce the risk of employment in enterprises and increase the compensation for injured employees.

4. Maternity insurance: continuous payment 1 year, which can be used to reimburse prenatal examination and delivery expenses during delivery.

5. Medical insurance: When an individual is sick, the medical expenses for going to the hospital can be reimbursed, reducing the expenses borne by the individual due to illness or accidental injury.

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