What are the five risks? What are these two kinds of insurance?

"Five insurances" refers to five kinds of insurance, including endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance; "Two funds" refer to housing accumulation fund and enterprise annuity.

1, endowment insurance

Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society in accordance with certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.

2. Medical insurance

Medical insurance generally refers to basic medical insurance, which is a social insurance system established to compensate workers for economic losses caused by disease risks. The medical insurance fund is established through the contributions of employers and individuals. After the insured person has medical expenses, the medical insurance institution will give certain economic compensation.

3. Unemployment insurance

It refers to a system enforced by the state through legislation. Employers, employees' individual contributions and state financial subsidies jointly raise funds to establish an unemployment insurance fund to provide material help to workers who have temporarily suspended their lives due to unemployment, ensure their basic livelihood, and create conditions for their re-employment through vocational training and employment introduction.

4. Work injury insurance

It refers to a social insurance system in which workers or their survivors suffer from accidental injuries or occupational diseases at work, or under specified special circumstances, resulting in temporary or permanent incapacity to work and death, and the state and society provide material assistance.

5. Maternity insurance

The state provides medical services, maternity allowance and maternity leave for pregnant and childbirth female workers when they temporarily stop working, and the state or society provides necessary economic compensation and medical care for maternity workers. Maternity insurance benefits in China mainly include two items. One is maternity allowance, and the other is maternity medical care.

6. Enterprise annuity

Refers to the supplementary old-age insurance system voluntarily established by enterprises and their employees on the basis of participating in the basic old-age insurance according to law. It is an integral part of the multi-level old-age insurance system, which is jointly implemented by the macro guidance of the state and the internal decision-making of enterprises.

Enterprise annuity is an important supplement to the national basic old-age insurance, and it is the "second pillar" to improve the old-age insurance system for urban workers in China (consisting of basic old-age insurance, enterprise annuity and personal savings old-age insurance).

7. Housing accumulation fund

Refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees.

Extended data:

Some people think that enterprise annuity is a kind of welfare of enterprises. In fact, there are essential differences between enterprise annuity and enterprise welfare.

Welfare is current consumption, enterprise annuity is future consumption, and the consumption right of enterprise annuity occurs after retirement; Welfare embodies fairness and enterprise annuity embodies efficiency;

Generally speaking, the welfare items of enterprises are directly related to the material conditions such as living needs, and have nothing to do with people's status and level. Welfare standards are not aimed at people, but at enterprise annuities, focusing on efficiency, economic benefits of enterprises and personal contributions, which can lead to different levels of enterprise annuities.

Welfare belongs to the category of redistribution, and enterprise annuity still belongs to the category of initial distribution.

Therefore, enterprise annuity is a good welfare plan, which not only improves the welfare of employees, but also provides an effective management tool for enterprises to solve welfare problems, and really plays a role in increasing the cohesion and attractiveness of enterprises.

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