You need social security to buy a house in Hefei, and you can use social security loans to buy a house. Social security plays a big role in daily life.

Five characteristics of social insurance:

The objective basis of social insurance is the risks existing in the labor field, and the standard of insurance is the worker’s person;

The subject of social insurance is specific. Including workers (including their relatives) and employers;

Social insurance is compulsory insurance;

The purpose of social insurance is to maintain the reproduction of the labor force;

The insurance fund comes from contributions from employers and workers and financial support.

The scope of insurance coverage is limited to employees and does not include other members of society. The scope of the insurance is limited to various risks in labor risks, and does not include other property, economic and other risks (some companies calculate the five insurances and one fund not based on the actual wages of employees, but set a separate base to calculate and pay).