What do you mean by five risks?

Five insurances and one gold refer to several kinds of security benefits provided by employers, including endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund.

"Five insurances" refers to five kinds of insurance, including endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance; "One gold" refers to the housing accumulation fund. Among them, old-age insurance, medical insurance and unemployment insurance are premiums paid by enterprises and individuals, while industrial injury insurance and maternity insurance are entirely borne by enterprises, and individuals do not need to pay them. Paying social insurance is a compulsory requirement of the state, and you can't pay it if you want. Please note that the national documents all say payment, which means that payment is compulsory, which is different from payment. If you don't pay, you will be punished accordingly. Regarding the provident fund, it depends on the benefits of enterprises. If the benefit is not good, you can determine the proportion yourself, which does not belong to the category of social insurance.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.