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What does the social insurance fund include?
Including basic endowment insurance fund, medical insurance fund, unemployment insurance fund, work injury insurance fund and maternity insurance fund. Social insurance fund is a fund for social workers to get material help from social insurance fund in old age, illness, work injury and childbirth. The establishment of these funds aims to provide certain protection for workers and help them cope with risks and uncertainties in their lives. Specifically, the basic old-age insurance fund is mainly used to pay pensions for the elderly and ensure basic living needs; The medical insurance fund is used to pay medical expenses and provide medical security for sick workers; The unemployment insurance fund provides certain living security and help when workers are unemployed; The industrial injury insurance fund is used to pay medical expenses, rehabilitation expenses and industrial injury allowances for a certain period of time; The maternity insurance fund is used to pay the medical expenses and maternity allowance of female employees during their childbirth. These social insurance funds are managed by the state in a unified way and raised and used in accordance with unified standards and regulations. Existence provides a guarantee for workers' lives.
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