Does the company have to pay five insurances and one gold to its employees?

The company must pay five insurances and one gold to its employees.

The company must pay five insurances and one gold to its employees. The employing unit shall, within 30 days from the date of employment, register social insurance for employees and declare and pay social insurance premiums. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

What social security does the company need to buy for its employees?

1, endowment insurance:

(1) Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years when they reach the statutory retirement age.

(2) If an individual who participates in the basic old-age insurance dies due to illness or non-work-related injuries, his survivors can receive funeral subsidies and pensions, and if he completely loses his ability to work due to illness or non-work-related injuries before reaching the statutory retirement age, he can receive disability allowance. The required funds are paid from the basic old-age insurance fund.

2. Medical insurance:

Individuals who participate in the basic medical insurance for employees, who have reached the statutory retirement age and accumulated contributions have reached the number of years stipulated by the state, will no longer pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with state regulations.

3. Work injury insurance:

Employees who are injured by accidents or suffer from occupational diseases due to work-related reasons are entitled to work-related injury insurance benefits after being identified as work-related injuries. Among them, those who lose their ability to work after the appraisal of their ability to work enjoy disability allowance. Workers with work-related injuries who meet the conditions for receiving basic old-age pension will stop receiving disability allowance and enjoy basic old-age insurance benefits. If the basic old-age insurance benefits are lower than the disability allowance, the difference will be made up by the industrial injury insurance fund.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 58 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the employer shall apply to the social insurance agency for social insurance registration for employees within 30 days from the date of employment. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.