The benefits and uses of social insurance include: pension insurance, medical insurance, unemployment insurance, work-related injury insurance and maternity insurance.
1. Pension: Pension insurance is a system that provides basic living security after retirement.
Paying social security can accumulate a pension insurance fund, and you can receive a pension when you retire.
Pension insurance policies vary in different regions and types, but generally speaking, the level of pensions is relatively high and can provide certain financial support for life after retirement.
2. Medical insurance: Medical insurance is a system that provides medical expense protection for insured persons.
Paying social security can accumulate medical insurance funds, and you can use your medical insurance card for settlement when you go to see a doctor, reducing your personal medical expense burden.
At the same time, medical insurance policies in some regions also provide benefits such as outpatient reimbursement and hospitalization reimbursement, which can further reduce medical expenses.
3. Unemployment security: Unemployment insurance is a system that provides basic living security for unemployed people within a certain period of time.
Paying social security can accumulate unemployment insurance funds, and you can receive unemployment benefits when you are unemployed.
The amount of unemployment benefits is determined based on factors such as local policies and the number of years an individual has paid social security, and can help relieve economic pressure during unemployment.
4. Work-related injury insurance: Work-related injury insurance is a system that provides a certain degree of economic compensation and medical protection for employees who are injured or sick due to work.
Paying social insurance can accumulate a work-related injury insurance fund. If you have an accident at work or become ill and require treatment, you can use the work-related injury insurance for reimbursement and compensation.
5. Maternity security: Maternity insurance is a system that provides maternity leave, maternity allowance and other benefits to female employees.
By paying social security, you can accumulate maternity insurance funds, and you can enjoy corresponding benefits when you give birth.
The functions of social insurance are as follows: 1. Provide basic living security: Social insurance can provide insured persons with certain welfare benefits such as pensions, medical security, and unemployment security to help them survive some difficult periods in life.
2. Alleviating social inequality: Social security can alleviate social inequality and promote social fairness and harmony by providing economic support to low-income people and disadvantaged groups.
3. Promote economic development: Social security can improve workers’ employment rate and job stability, reduce labor mobility, and thus promote economic development.
4. Improve personal self-protection capabilities: By paying social security fees, individuals can accumulate a certain amount of social security funds and improve their own self-security capabilities.