The financial fund is the social pooling part of social insurance.

It is a unified fund that is jointly provided by the whole society when individuals cannot pay.

The personal account in social insurance is a fund account established in the name of the insured individual and is owned by the individual.

The essence of combining social pooling and personal accounts is to combine fairness with efficiency, social mutual aid with self-protection, and protection of basic life with encouragement of hard work.

Unifiedly raise and adjust social insurance funds, implement social mutual aid, and reflect social mutual aid and economy. At the same time, labor differences are reflected in social insurance benefits through the establishment of personal accounts.

After the insured person dies, the balance in his personal account can be inherited by his legal heirs or designated beneficiaries, but the financial fund cannot be inherited.