What insurance does Shanghai Social Security include?

Social security includes: endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The role of social insurance is reflected in the following aspects:

First, social insurance can play the role of social stabilizer.

The old, weak, sick, disabled, pregnant and disabled members of society are inevitable objective phenomena in any era and under any social system. Social insurance is to give appropriate compensation to members of society when they encounter this situation, to ensure their basic living standards and to prevent the emergence of unstable factors.

Second, social insurance is conducive to ensuring the smooth reproduction of social labor.

Laborers will inevitably encounter all kinds of accidents in the process of labor, resulting in the pause of labor reproduction. Social insurance is to give necessary economic compensation and living security to workers when they encounter the above-mentioned risk accidents, so that the labor force can be restored.

Old-age insurance refers to: employees pay monthly premiums during their employment and receive monthly pensions after retirement;

Medical insurance refers to: employees pay monthly premiums during their employment, and can reimburse medical expenses such as outpatient service or hospitalization when they are sick;

Unemployment insurance refers to: employees pay premiums every month during their employment and can receive unemployment benefits after unemployment;

Industrial injury insurance refers to: employees can get compensation if they are injured or lose their ability to work during their employment;

Maternity insurance refers to the insurance that employees can receive subsidies during their employment because of pregnancy and childbirth interruption.

Legal basis:

Social insurance law

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.

Tenth employees should participate in the basic old-age insurance, and employers and employees should pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.