Social insurance, officially known as social insurance, is the basic safety net provided by the state for the common people. It is mandatory and universally applicable, with the state coordinating the payments to guard against old age, illness, unemployment, work-related injuries, and maternity risks.
The five insurances we office workers often refer to are the core of social insurance:
Pension Insurance: After retirement, you receive a monthly pension to secure basic living during old age; the longer you live, the more you receive.
Medical Insurance: Medical expenses for hospitalization and outpatient medication are reimbursed; both major and minor illnesses can be alleviated, offering the best cost-performance ratio.
Unemployment Insurance: If laid off without voluntarily quitting, you can receive several months of unemployment benefits for transitional living.
Work Injury Insurance: Injuries at work or occupational diseases are fully reimbursed + compensation, with no contributions required from individuals.
Maternity Insurance: Women can claim medical expenses for childbirth and receive maternity allowances, enjoying paid maternity leave.
Additional Tips
Office Workers: Both the company and the individual contribute; the company covers the larger portion.
Freelancers / Individuals: Can contribute to pension and medical insurance independently.
Difference from Commercial Insurance: Social insurance is a basic necessity, covering essentials but not everything, while commercial insurance is additional and fills gaps.
In simple terms: Social insurance is the government helping you save for health care and retirement, the minimum safety line in life.
The difference between social insurance and savings is the fundamental reason why ordinary people contribute to social insurance! $BNB #摩根士丹利比特币现货ETF #全球市场波动