Four characteristics of social insurance

Legal analysis: 1. Security: in the case of old age, illness, work injury, unemployment, maternity, etc., the basic life of citizens is guaranteed. 2. Legal system: The state establishes a social insurance system in the whole society through legislation. Users, units and individuals shall participate in the payment of social insurance premiums according to law, and individuals shall enjoy social insurance benefits according to law. 3. Mutual assistance: social insurance is organized according to the principle of sharing social risks, and social insurance premiums are shared by the state, employers and individuals. Establish social insurance funds, give full play to the intermediary role of social insurance funds, and spread the risks of employers and individuals. 4. Welfare: Social insurance is not for profit. The state raises social insurance funds through quantitative channels and supports social insurance undertakings with preferential tax policies.

Legal Basis: Social Insurance Law of People's Republic of China (PRC) Article 1 This Law is formulated in accordance with the Constitution in order to standardize the social insurance relationship, safeguard the legitimate rights and interests of citizens to participate in social insurance and enjoy social insurance benefits, enable citizens to share the fruits of development and promote 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. Article 4 Employers and individuals in People's Republic of China (PRC) shall pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units. Fifth people's governments at or above the county level shall incorporate social insurance into the national economic and social development plan. The state raises social insurance funds through multiple channels. People's governments at or above the county level shall give necessary financial support to social insurance. The state supports social insurance through preferential tax policies. Article 6 The State exercises strict supervision over social insurance funds. The State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall establish and improve the supervision and management system of social insurance funds to ensure the safe and effective operation of social insurance funds. People's governments at or above the county level shall take measures to encourage and support all sectors of society to participate in the supervision of social insurance funds.