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Is China Life's five insurances and one gold the same as social security?
The contents of social security and five insurances and one gold are basically the same, but their connotations are different. Social security is the general name of social security that the state can enjoy for citizens, and the five risks are the specific connotation. In addition, the housing accumulation fund does not belong to the category of social security at all, and it is another system besides independent social insurance.
Social security is what we call social insurance, which mainly includes employee pension insurance, medical insurance, unemployment insurance, maternity insurance and industrial injury insurance. One gold is the so-called housing provident fund, which is the welfare provident fund for employees. It is voluntary and not compulsory by the state. Five risks are compulsory insurance of the state. The first three types need to be paid by both enterprises and individuals, and the latter two types are paid by enterprises, and individuals do not need to pay.
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