1. Endowment insurance premium: 20% paid by the unit and 8% paid by the individual.
2. Unemployment insurance premium: 2% paid by the unit and 1% paid by the individual.
3. Medical insurance premium: the unit pays 8% and the individual pays 2%.
4. Work-related injury insurance premium: paid by the unit, but not by the individual.
5. Maternity insurance premium: paid by the unit, but not by the individual.
This is the general payment ratio in China.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.
Could someone please give me a concise definition?