What's the difference between three insurances and five insurances?

The main differences between the three insurances and the five insurances are: the payment of insurance is different. Social security three insurance pays endowment insurance, unemployment insurance and medical insurance, and social security five insurance pays endowment insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance. Different payers, three social insurances are purchased by themselves, while unemployment, work injury and maternity insurance in five social insurances can only be purchased by companies.

Payment conditions for five insurances and one gold:

1, establish a labor contract relationship with the employer and sign a labor contract;

2. The employer is a legal enterprise in China that has gone through the business license and other formalities and registered social security and housing provident fund according to regulations;

3. He is a legal citizen of China;

4. regardless of the household registration, you can apply for five insurances and one gold regardless of the town, rural area, foreign place and local area.

The meaning of social security three risks is:

Three insurances are the most basic social insurance, including endowment insurance, medical insurance and unemployment insurance. Paying three insurances is stipulated by the national social security policy, and any employer should insure employees. As long as you sign a formal labor contract with your employer, it should insure you. The three risks are not entirely borne by your company, but by yourself and your company.

To sum up, the difference between three insurances and five insurances is maternity insurance and work injury insurance, which are borne by enterprises and do not need to be paid by individuals.

Legal basis:

Article 10 of People's Republic of China (PRC) Social Insurance Law

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly 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. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its 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.