The most basic three insurance in social security

The three types of social insurance are pension insurance, medical insurance and unemployment insurance.

1, pension insurance

Pension insurance, the full name of the basic social pension insurance, is the state and society in accordance with certain laws and regulations, in order to solve the problem of workers in the state to meet the labor obligations of the labor age limit, or because of the loss of capacity to work in old age to withdraw from the workplace after the basic life of a social insurance system.

Pension insurance is an important part of the social security system and is one of the most important of the five major types of social insurance. The purpose of old-age insurance is to protect the basic living needs of the elderly and provide them with a stable and reliable source of livelihood.

2, medical insurance

Medical insurance refers to the national legislation, in accordance with the principle of compulsory social insurance basic medical insurance premiums should be paid by the employer and individual employees in full and on time. If you don't pay in full and on time, your personal account will not be counted, and the basic medical insurance fund will not pay for your medical expenses.

Medical insurance is a kind of insurance to compensate for the medical expenses caused by diseases. When an employee is sick, injured or gives birth, the society or the enterprise provides necessary medical services or material help. For example, China's public medical care and labor insurance medical care.

Chinese workers' medical expenses are borne by the state, the unit and the individual **** the same burden, in order to reduce the burden on enterprises and avoid waste. Occurrence of insurance liability accidents require treatment is to pay a proportion of the insurance premium.

3, unemployment insurance

Unemployment insurance refers to the state through the legislation mandatory, by the community to establish a centralized fund to provide material assistance to workers due to unemployment and temporary interruption of the source of livelihood of the system. It is an important part of the social security system and one of the main programs of social insurance.

The social insurance scheme is organized by the government, which compels a certain group of people to form a social insurance fund by paying a part of their income as social insurance tax (fee), from which the insured can receive a fixed amount of income or compensation for their losses if certain conditions are met; it is a redistributive system, whose goal is to ensure the reproduction of material and labor force as well as the stability of the society.

Concept of Social Insurance

Social insurance is one of the most important components of the social security system. Therefore, in discussing the history of social insurance it is not possible to take social insurance out of social security.

Social insurance is a system in which the state, through legislation, compels the establishment of a social insurance fund to give necessary material help to workers participating in labor relations in case of incapacity or unemployment. Social insurance is not for profit.

Social insurance is mainly through the mobilization of social insurance fund, and within a certain range of social insurance fund to implement the co-ordination of transfer to the workers encountered in the labor risk to give the necessary help, social insurance for workers to provide a basic livelihood protection, as long as the workers meet the conditions for enjoying the social insurance, i.e., either with the employer to establish a labor relationship, or has been in accordance with the provisions of the payment of social insurance premiums, can enjoy social insurance. As long as a worker meets the conditions for enjoying social insurance, i.e., either has established a labor relationship with the employer or has paid the required social insurance premiums, he or she is entitled to social insurance benefits. Social insurance is the core of the social security system.

Reference: Baidu Encyclopedia - Social Insurance

Reference: Baidu Encyclopedia - Old Age Pension Insurance