What are the three insurances in social security?

The three insurance in social security are pension insurance, medical insurance and unemployment insurance.

Pension insurance, known as basic social pension insurance, is a social insurance system established by the state and society in accordance with certain laws and regulations to solve the basic livelihood of workers after they reach the limit of working age stipulated by the state for the termination of their labor obligations, or after they quit their jobs due to old age and loss of working capacity.

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.

Medical insurance means that through national legislation, in accordance with the principle of compulsory social insurance basic medical insurance premiums should be paid in full and on time by employers and individual employees. If they do not pay in full and on time, they will not be counted in their individual accounts, and their medical expenses will not be paid by the basic medical insurance fund.

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 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. The occurrence of insurance liability accidents need to be treated is a proportional payment of insurance benefits.

Unemployment insurance refers to the state through 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 system. It is an important part of the social security system and one of the main programs of social insurance.