What does it mean for a company to buy all insurance?

When a company buys full insurance, it can be understood that the company pays social security in full for its employees, and pays it according to 100% of the employee social security payment base. The payment base of normal social security is the average monthly salary of employees in last year, the minimum payment base is 60% of the average monthly salary of employees in last year, and the maximum payment base is 300% of the average monthly salary of employees in last year. The calculation formula of social security premium is: premium = payment base * payable ratio.

Buying all insurance can also be understood as buying comprehensive commercial supplementary insurance for employees, which mainly includes group accident insurance, group life insurance, group health insurance and group endowment insurance.

1, group accident insurance, mainly to prevent unexpected risks, including: accidental injury, accidental medical treatment, traffic accident and accidental hospitalization allowance;

2. Group life insurance, mainly to prevent death risks, including: one-year term life insurance, term life insurance and whole life insurance;

3. Group health insurance, mainly to prevent health risks, including: critical illness insurance, supplementary hospitalization, hospitalization allowance, supplementary outpatient service and emergency treatment;

4. Group endowment insurance, which mainly provides old-age security for employees, including dividend insurance, universal insurance and investment-linked insurance. The first three types of insurance are relatively basic, among which accidental injury, accidental medical treatment, traffic accident, one-year term life insurance, critical illness insurance and supplementary hospitalization are more common; Endowment insurance is a long-term insurance, which employees receive after retirement, while dividend insurance and universal insurance of endowment insurance are more common.

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