Social insurance fund is the most important part of social security fund, which refers to the special funds paid by the payer and the payer according to a certain proportion of the payment base and raised by other legal means according to national laws and regulations. It is mainly used to pay insurance benefits and allowances enjoyed by workers due to temporary or permanent loss of labor ability or labor opportunities.

What does the social insurance fund include?

At present, China's social insurance funds include basic endowment insurance fund, basic medical insurance fund, unemployment insurance fund, industrial injury insurance fund and maternity insurance fund. Mainly from the contributions of the insured and the insured units, government financial subsidies, social insurance fund investment, etc. All social insurance funds shall be accounted for according to the types of social insurance, and a unified national accounting system shall be implemented. Social insurance funds shall be earmarked for special purposes, and no organization or individual may occupy or misappropriate them in any form.