What does five insurances and one gold mean？

"Five insurances and one gold": an important pillar to ensure your work and life.

In the modern workplace, "five insurances and one gold" is a frequently mentioned vocabulary, which is of vital significance to every worker. So, what exactly does "five insurances and one gold" mean?

First of all, the "five insurances" include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

Endowment insurance is to ensure that workers can have a stable source of income and maintain a basic standard of living after retirement. Workers pay the old-age insurance premium according to the regulations during their work, and when they reach the legal retirement age, they can receive a monthly pension after a certain number of years of accumulated contributions.

Medical insurance is used to pay the medical expenses of workers when they are sick or injured, reduce the medical burden and protect their health. It usually includes reimbursement of outpatient expenses, hospitalization expenses, drug expenses, etc.

Unemployment insurance is to provide living allowance and reemployment assistance for a certain period of time when workers are not willing to interrupt their employment.

Industrial injury insurance provides medical treatment and economic compensation for employees who suffer from accidents or occupational diseases at work, and protects their legitimate rights and interests.

Maternity insurance is mainly used to protect the basic living and medical needs of female workers during childbirth, including maternity allowance and maternity medical expenses.

Next, "one gold" refers to the housing provident fund. Housing accumulation fund is a long-term housing deposit paid by the unit and its employees. Employees can use it in housing-related situations such as buying a house, building a house, renting a house, etc., or withdraw it under the prescribed conditions.

Here is a table to show the relevant situation of "Five Risks" more clearly:

It should be noted that the specific policies and payment ratio of "five insurances and one fund" may be different due to different regions, industries and units. Workers should pay attention to their own rights and interests, understand the payment situation of their units, and ensure that their legitimate rights and interests are fully guaranteed.

In a word, "five insurances and one gold" is an important welfare that workers should enjoy at work, which provides various guarantees for our life and work and is an important part of building a stable and harmonious society.

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