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What are the five insurances paid by the company?
The five insurances purchased by the company for employees have the following functions:
1, old-age insurance is for providing for the elderly, and workers can receive pensions when they reach the legal retirement age;
2. Medical insurance, as a medical reimbursement for employees' illness, guarantees the basic medical needs of employees;
3. Unemployment insurance means that employees can enjoy unemployment insurance benefits after unemployment, so as to ensure the basic livelihood of unemployed people and promote their re-employment;
4. Maternity insurance means that employees can get maternity reimbursement treatment, so that female employees can enjoy protection during childbirth and breastfeeding, and they will not stop working and fall into life difficulties because of childbirth;
5. Work-related injury insurance means that employees can get medical expenses and related work-related injury insurance benefits when they have work-related injuries.
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, maternity insurance, etc., to protect citizens' right to get material help from the state and society according to law in case of old age, illness, industrial injury, unemployment and maternity.
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