How do you know whether to buy social security or comprehensive insurance?

The difference between social security (urban basic endowment insurance) and comprehensive insurance lies in the purchase conditions, insurance content, enterprise contribution ratio, individual contribution ratio and benefits enjoyed.

Comparatively speaking, social security benefits are much better than comprehensive insurance, and the costs borne by enterprises and individuals are also large.

Social security content: pension, medical care, work injury, unemployment and maternity.

Conditions for purchasing social security: Employees with household registration in other provinces and cities under 45 who have established labor relations with employers participating in the basic old-age insurance in this city should participate in the basic old-age insurance in this city.

Employees with non-urban household registration in other provinces and cities may establish labor relations with employers who participate in the scope of urban basic old-age insurance in this city. They are under the age of 45, have professional and technical titles, or have certificates of technicians and senior technicians, or other professional and technical personnel needed by the unit. After consultation with employers, they may also participate in the urban basic old-age insurance in this city.

According to the current regulations, the coverage of freelancers in this city is limited to those registered in this city. Therefore, foreign employees engaged in flexible employment in this city are not included in the coverage of urban basic old-age insurance in this city for the time being.

Payment ratio: 37% for the employer and 1 1% for the individual.

Enjoy benefits: old-age insurance, industrial injury insurance, medical insurance (including outpatient service), unemployment insurance and maternity insurance.

Comprehensive insurance:

The content of comprehensive insurance: industrial injury, hospitalization insurance and old-age allowance.

Conditions for participation: The comprehensive insurance for foreign employees is applicable to state organs, social organizations, enterprises (including foreign construction enterprises), institutions, private non-enterprise units, individual economic organizations, informal employment organizations, foreign employees and non-unit foreign employees within the administrative area of this Municipality.

Payment standard: employer 12.5%. Among them, 5.5% are construction enterprises in Shanghai. Individuals do not have to pay social security fees.

Enjoy treatment: migrant workers employed by the employer enjoy treatment such as work-related injuries, hospitalization, pension subsidies and daily medical expenses subsidies.

Foreign employees employed by construction enterprises enjoy subsidies for work-related injuries, hospitalization and daily medical expenses.