1. The English translation of "five insurances" 1. Endowment insurance; 2. Medical insurance; 3. Unemployment insurance; 4. Employment injury insurance; 5. Maternity insurance

(maternity insurance).

2. The English translation of “One Fund” is Housing Provident Fund.

Extended information Processing of five insurances and one fund (1) Social security and provident fund account opening Enterprises need to go to the Social Security Bureau and Provident Fund Center to open social security and provident fund accounts within 30 days from the date of establishment.

After opening a social security account, you will get a "Social Security Registration Certificate", and after opening a provident fund account, you will get a unit provident fund registration number.

(2) Units that increase or decrease employees must add new employees to the unit’s five insurance and one fund account every month, and delete employees who have resigned from the account.

The social security and provident fund accounts are two independent accounts, and the operation of adding or removing employees must be carried out in both accounts.

(3) Confirm the payment base. Units need to declare the correct payment base for five insurances and one fund for their employees every month to ensure the normal payment of five insurances and one fund.

The payment base for five insurances and one fund is based on the employee’s average salary in the previous year or the first month’s salary.

(4) Five insurances and one fund payment If the enterprise, bank, and social security/provident fund management agency sign a bank payment agreement, the five insurances and one fund payment will be directly deducted from the enterprise's bank account at a fixed time every month.

Of course, enterprises can also choose to pay on-site at the five insurances and one fund management agency in the form of cash or check.