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What does the social security company buy?

Social security purchased by companies usually includes endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

Insurance projects play an important role in protecting the basic rights and interests of employees.

Benefits of social security:

1, endowment insurance is to ensure that employees can get basic living security after retirement. According to relevant laws and regulations, both employers and employees pay endowment insurance premiums, and employees can receive pensions after reaching the statutory retirement age.

2. Medical insurance is to help employees pay medical expenses and protect their health rights and interests. Employers and employees also need to pay medical insurance fees, and employees can enjoy medical insurance reimbursement when they need medical services.

3. Unemployment insurance is to provide certain financial assistance to employees when they are unemployed to help them tide over the difficulties. Employers and employees also need to jointly pay unemployment insurance premiums, and employees can receive certain unemployment benefits after unemployment.

4. Work injury insurance is to protect the rights and interests of employees when they are accidentally injured at work. Employers need to buy work-related injury insurance for employees, and employees can get certain compensation for accidental injuries at work.

5. Maternity insurance is to help employees cope with maternity-related expenses. Employers and employees are also required to pay maternity insurance premiums, and employees can enjoy maternity allowance and related medical expenses reimbursement when they give birth.

To sum up, social security purchased by companies usually includes endowment insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance. The existence of these insurance projects can protect the basic rights and interests of employees and help them cope with various risks and difficulties.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 11

Social insurance includes endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.