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HomeCommon ProblemWhat does five insurances and one housing fund mean?
What does five insurances and one housing fund mean?Apr 07, 2024 pm 04:01 PM
Five insurances and one fund

What do five insurances and one gold mean? This is an issue that many netizens are concerned about. Next, the editor of PHP will bring you an introduction to the insurance types and protection systems of five insurances and one housing fund. Interested netizens should follow the editor to take a look!

What does five insurances and one housing fund mean?

Introduction to insurance types and security systems of five insurances and one fund

1. [Five insurances] refers to work injury insurance, medical insurance, maternity insurance Insurance, unemployment insurance and pension insurance, [one fund] refers to housing provident fund.

2. Medical insurance provides medical protection for employees. When employees become ill or suffer accidental injuries, they can reimburse medical expenses.

3. Maternity insurance is an insurance protection provided to female employees. When female employees are pregnant, give birth or miscarry, they can receive maternity allowances and other expenses.

4, Unemployment insurance provides unemployment protection for employees. When employees lose their jobs, they can receive certain unemployment benefits.

5, Endowment insurance provides old-age security for employees. When employees retire, they can receive pensions and other expenses.

6, Work-related injury insurance provides insurance protection for employees. When employees suffer accidental injuries or suffer from occupational diseases due to work reasons, they can receive work-related injury medical treatment and disability expenses.

7, Housing Provident Fund is to provide housing security for employees. When employees purchase housing or perform renovations, etc., they can use the provident fund for loans or withdraw provident funds.

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