Why do you have to pay seven insurances when you are affiliated with a company to pay social security?

Hello, affiliated enterprises pay social security, which means that in some cases, individuals can participate in social insurance in the name of enterprises by signing affiliated agreements with enterprises. This method is mainly suitable for self-employed industrial and commercial households, freelancers, self-employed people who do not have their own industrial and commercial registration. When paying social insurance, affiliated companies generally need to pay seven social insurances, namely, endowment insurance, medical insurance, unemployment insurance, industrial injury insurance, maternity insurance, housing provident fund and supplementary medical insurance.

Why pay seven social insurances? This is because these seven social insurances are compulsory social insurances stipulated by the state, involving personal pension, medical care, unemployment, work injury and maternity protection. Among them, endowment insurance is to protect the life of individuals after retirement; Medical insurance is to ensure that individuals can get timely and effective treatment when they are sick; Unemployment insurance is to protect the life of individuals after unemployment; Industrial injury insurance is to protect the rights and interests of individuals when they are accidentally injured at work; Maternity insurance is to protect the rights and interests of individuals in the process of childbirth; Housing accumulation fund is to help individuals solve housing problems; Supplementary medical insurance is to improve the level of personal medical security.

Therefore, in order to protect all aspects of personal rights and quality of life, affiliated companies need to pay seven social insurances.