Is it useful for foreigners to buy social security in Guangzhou

Is it useful for foreigners to buy social security in Guangzhou

It is useful, foreigners can enjoy the following benefits after buying social security in Guangzhou:

Pension insurance:

Individuals who participate in the basic pension insurance and have contributed for fifteen years by the time they reach the legal retirement age can receive the basic pension on a monthly basis.

Individuals who have participated in basic old-age insurance and have contributed for less than fifteen years by the time they reach the statutory retirement age may contribute until they reach fifteen years and receive a monthly basic pension; they may also be transferred to the new rural social pension insurance or urban residents' social pension insurance, and will enjoy the corresponding old-age insurance benefits in accordance with the provisions of the State Council.

Individuals who participate in basic old-age insurance, due to illness or non-work-related death, their survivors can receive funeral grants and pensions; in the event of illness or non-work-related disability and total loss of working capacity before reaching the statutory retirement age, they can receive invalidity allowances. The required funds are paid from the basic pension insurance fund.

Medical insurance:

Individuals who have participated in the basic medical insurance for employees and have made contributions for a total of the number of years stipulated by the state by the time they reach the legal age of retirement will no longer be required to pay the basic medical insurance premiums and will be entitled to basic medical insurance in accordance with the state's regulations; those who have not yet reached the state's stipulated number of years may make contributions up to the state's stipulated number of years.

Medical expenses in line with the basic medical insurance drug catalog, diagnostic and treatment items, medical service facility standards, as well as emergency and rescue medical expenses shall be paid from the basic medical insurance fund in accordance with national regulations.

Workers' Compensation Insurance:

If an employee is injured in an accident or suffers from an occupational disease due to work-related reasons, and if the injury is recognized as a work-related injury, he/she is entitled to workers' compensation insurance; among them, if he/she loses his/her ability to work as determined by the evaluation of his/her ability to work, he/she is entitled to disability treatment.

The following expenses incurred as a result of work-related injuries shall be paid out of the Workers' Compensation Insurance Fund in accordance with the state regulations:

(1) medical expenses for treatment of work-related injuries and rehabilitation expenses;

(2) hospitalization meal subsidy;

(3) transportation and accommodation expenses for medical treatment outside the integrated area;

(4) expenses for the installation of auxiliary aids for the disabled;

(4) expenses for installation of aids for the disabled;

(5) expenses for the disabled;

(6) expenses for the disabled; and

(7) expenses for the disabled.

The following expenses are paid by the workers' compensation insurance fund.

(e) living care expenses confirmed by the Labor Capacity Appraisal Committee for those who are unable to take care of themselves;

(f) one-time disability benefit and monthly disability allowance for Grade 1 to 4 disabled workers;

(g) one-time medical benefit upon termination or dissolution of the labor contract;

(h) funeral grant and dependent care allowance for the survivors of those who died at work;

(i) funeral grant and dependent care allowance for those who died at work;

(j) funeral grant and dependent care allowance for the survivors of those who died at work;

(k) funeral grant and dependent care allowance for the survivors of the deceased;

(l) funeral grant and dependent care allowance for the deceased. funeral grant, dependent relatives' pension and work-related death grant;

(ix) labor capacity appraisal fee.

The following expenses incurred as a result of work-related injuries shall be paid by the employer in accordance with state regulations:

(i) wages and benefits during the period of treatment of work-related injuries;

(ii) the monthly disability allowance received by employees with Grade 5 or Grade 6 disabilities;

(iii) the lump-sum disability employment benefit payable upon termination or dissolution of the labor contract.

Article 40 If an injured worker meets the conditions for receiving a basic old-age pension, the disability allowance shall be suspended and he shall enjoy the basic old-age insurance treatment. If the basic pension insurance treatment is lower than the disability allowance, the difference shall be made up from the Industrial Injury Insurance Fund.

Unemployment insurance:

Unemployed persons who meet the conditions can receive unemployment insurance benefits from the Unemployment Insurance Fund.

If the employer and the unemployed person have accumulated contributions for one year or less than five years before they become unemployed, the maximum period for receiving unemployment insurance benefits is twelve months; if they have accumulated contributions for five years or less than ten years, the maximum period for receiving unemployment insurance benefits is eighteen months; if they have accumulated contributions for more than ten years, the maximum period for receiving unemployment insurance benefits is twenty-four months. After re-employment, again unemployed, the contribution time is recalculated, and the period of receiving unemployment insurance benefits is combined with the period of receiving unemployment insurance benefits that should have been received but have not yet been received by the previous unemployment, with the maximum period not exceeding twenty-four months.

If an unemployed person dies while receiving unemployment insurance benefits, his or her surviving family members shall be paid a one-time funeral grant and pension, taking into account the local regulations governing the death of an active employee. The required funds are paid from the Unemployment Insurance Fund.

If an individual dies while eligible for a basic pension insurance funeral benefit, a work-injury insurance funeral benefit and an unemployment insurance funeral benefit, his or her survivors may choose to receive only one of these benefits.

Maternity insurance:

If an employer has paid maternity insurance premiums, its employees are entitled to maternity insurance benefits; the employee's unemployed spouse is entitled to maternity medical expenses in accordance with state regulations. The required funds are paid from the Maternity Insurance Fund.

Maternity insurance benefits include maternity medical expenses and maternity allowances.

Maternity medical expenses include the following:

(1) medical expenses for childbirth;

(2) medical expenses for family planning;

(3) expenses for other items stipulated by laws and regulations.

Employees are entitled to maternity allowance in accordance with the State's regulations in one of the following cases:

(i) female workers enjoying maternity leave for giving birth;

(ii) enjoying leave for family planning surgery;

(iii) other cases stipulated by laws and regulations.