It is better to pay the old-age insurance early than late. Because endowment insurance is a long-term insurance, the longer the payment time, the more pensions you receive. Paying medical insurance when you are young can not only provide more comprehensive medical insurance for yourself, but also provide more comprehensive medical insurance for your family.

In addition, unemployment insurance, industrial injury insurance and maternity insurance should be paid as soon as possible. Because these insurances protect the rights and interests of individuals under certain circumstances, the longer the payment time, the more comprehensive the protection.

To sum up, the sooner you pay the five insurances, the more cost-effective. Paying five insurances when you are young can not only improve your social security level, but also provide more comprehensive protection for your future life and family. Of course, the amount and time of paying the five insurances will vary according to different regions and policies, and you need to make a reasonable choice according to your own situation.

Payment ratio of five insurances and one gold

1. Work-related injury insurance determines the work-related injury rate according to the industry scope of the unit.

2. Medical insurance payment ratio: unit 10%, individual 2%.

3. Unemployment insurance payment ratio: unit 1.5%, individual 0.5%.

4. Pension insurance payment ratio: 20% for the unit (of which 17% is included in the overall fund and 3% in the personal account) and 8% for the individual (all included in the personal account).

5. Maternity insurance payment ratio: 0.8% for the unit, and no payment for the individual. Non-working accounts don't have this, so non-working accounts only have four insurances and one gold at most.

6. Deposit ratio of provident fund: the deposit ratio of units and individuals can be chosen independently between 5% and 12%, and the deposit ratio of individuals should be equal to or higher than that of units.