Is insurance compulsory?

Social insurance is compulsory. Employers must purchase social insurance for employees, and those who fail to comply will be subject to administrative punishment by relevant departments. This is also the main manifestation of compulsory social insurance. Its compulsion is mainly to protect the rights and interests of workers.

Legal basis:

Article 1 of the Social Insurance Law

In order to standardize the social insurance relationship, safeguard the legitimate rights and interests of citizens to participate in social insurance and enjoy social insurance benefits, enable citizens to enjoy the fruits of development and promote social harmony and stability, this Law is formulated in accordance with the Constitution.

Social security payment refers to the act of participating in various social security insurances and paying premiums. Generally refers to the payment of social endowment insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance. Social security payment is divided into two parts: unit payment and individual payment. Social insurance is the most important part of the social security system. Social insurance refers to the system that the state establishes a social insurance fund through legislation to give necessary material help to workers who participate in labor relations when they lose their ability to work or are unemployed. Social insurance is not for profit.

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