Five risks include: endowment insurance, medical insurance, unemployment insurance, inductrial injury insurance, birth insurance coverage.
Many people often see the content of five insurances and one housing fund in the company’s recruitment information, which five insurances are the five insurances?Let’s find out together.
Endowment insurance, which is composed of the basic pension and personal account pension paid by the social pooling fund, is an important part of the social security system, one of the most important insurance types among the five major social insurance types, and is based on certain laws and regulations of the state and society. It is a social insurance system established to solve the basic life of laborers after reaching the working age limit stipulated by the state to relieve labor obligations, or after they lose their ability to work due to old age.
Medical insurance is a kind of insurance to compensate for the medical expenses caused by illness. Social insurance for the provision of necessary medical services or material assistance by society or enterprises in the event of illness, injury or childbirth.
Unemployment insurance is to point to the country passes legislation to enforce implementation, establish fund by social concentration, the system that provides material help to the laborer that temporarily interrupt source of life because of unemployment. It is an important part of the social security system, and it is one of the main items of social insurance.
Work-related injury insurance
Work -related injury insurance refers to a social security system for national or society to provide medical treatment, living security, economic compensation, medical, and occupational rehabilitation for workers and family members in production and work.
Maternity insurance is a social insurance system in which the state and society provide medical care, maternity benefits and maternity leave in the event of temporary interruption of labor for women workers who become pregnant and give birth, and the state or society provides the necessary financial compensation and medical care to workers who give birth.