What is the function of Guangzhou social security?

During work, those with social security can protect personal work injuries, accidents and medical problems. And you can also accumulate social security years for future retirement, and you can enjoy the pension after retirement age when you accumulate to 15 years. At present, buying a house and buying a car in Guangzhou must meet the social security period.

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

In China, social insurance is an important part of the social security system, occupying a core position in the whole social security system. In addition, social insurance is a contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility. However, workers can only enjoy the corresponding social insurance benefits if they fulfill their statutory payment obligations and meet the statutory conditions.

Social insurance is a system that is implemented by a specialized institution stipulated by law and set up for workers, and a special fund is set up by raising funds from workers and their employers to ensure that workers get a certain degree of income compensation after losing their labor income.

Social insurance mainly includes pension, work injury, maternity, unemployment [1] and medical treatment (major diseases). As a social security undertaking, social insurance is essentially different from commercial insurance. Social insurance is compulsory, indemnificatory, welfare and social. Employers and employees shall participate in social insurance according to law, and it is the legal right of every worker to enjoy social insurance.

Different from the commercial insurance of market insurance companies, social security is a national co-ordination, non-profit and a guarantee for citizens. For unregistered offices and branches, we can use the third-party platform to help employees realize local insurance through social security outsourcing.