Is basic endowment insurance social security?

Strictly speaking, endowment insurance is not social security, but it belongs to one of social security. Social security includes old-age insurance, industrial injury insurance, unemployment insurance, medical insurance and maternity insurance (maternity insurance has been merged with medical insurance), in which old-age insurance can be mainly used to pay funeral expenses, pensions and pensions for the insured after retirement;

Work-related injury insurance can be mainly used to provide necessary material assistance to the injured, disabled and relatives of the deceased by the state and society after workers are accidentally injured due to work reasons or occupational diseases caused by occupational hazards such as dust, radiation and toxic substances.

Unemployment insurance can be mainly used to provide material assistance to workers who have temporarily interrupted their sources of livelihood due to unemployment;

Medical insurance can be mainly used to reimburse the insured's hospitalization expenses and special outpatient expenses, as well as to pay for the purchase of medicines in designated medical institutions and general outpatient departments.

Maternity insurance can be mainly used to provide material assistance by the state or society when female workers temporarily suspend their work due to maternity and lose their normal income.

Article 12 of the Social Insurance Law of People's Republic of China (PRC) * * * The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Article 60 The employing unit shall declare on its own and pay social insurance premiums in full and on time. Except for legal reasons such as force majeure, the payment shall not be postponed or reduced. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.

Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.