Enterprise basic endowment insurance generally refers to the endowment insurance in employee social security paid by enterprises for employees;

The basic old-age insurance is a social insurance system established and implemented by the state. As an employer, employees should be paid social security. In order to provide certain protection for the insured.

The enterprise basic endowment insurance fund adopts the most traditional raising mode, and the expenses are borne by the state, units and individuals, so the insured himself also needs to pay a certain social security fee on a regular basis every month; In addition, the old-age insurance follows the principle of paying more and getting more, and it will be better to pay more for a long time if conditions permit.

Endowment insurance is a single insurance, excluding medical insurance;

But generally speaking, in the employee social security paid by enterprises for employees, in addition to endowment insurance, there are indeed medical insurance and other guarantees; Medical insurance does not belong to the category of endowment insurance, but belongs to two different types of insurance paid at the same time in employee social security, which is the part that enterprises need to pay for employees according to regulations.

In addition to the employee social security paid by enterprises to employees, individuals can also be guaranteed by participating in social security for urban and rural residents and flexible employment social security. It just means that these other guarantees besides employee social security can choose to pay only old-age insurance or only medical care. The two are not tied together.

Legal basis:

labour law

Article 70 The state develops social insurance undertakings and establishes social insurance systems and social insurance funds, so that workers can get help and compensation in old age, illness, work injury, unemployment and childbirth.

Article 71 The level of social insurance should be compatible with the level of social and economic development and social affordability.

Article 72 stipulates that the social insurance fund shall determine the source of funds according to the types of insurance and gradually implement social pooling. Employers and workers must participate in social insurance and pay social insurance premiums according to law.

Article 76 stipulates that the employing unit shall create conditions to improve collective welfare and improve the welfare treatment of workers.