What do you mean by three insurances and one gold？

In today’s workplace and social life, "three insurances and one gold" is a common vocabulary, but do you really understand its meaning?

First of all, the "three insurances" in "three insurances and one gold" usually refer to pension insurance, medical insurance and unemployment insurance.

Endowment insurance is a kind of social insurance system established to ensure the basic life of workers after they reach the working age limit stipulated by the state to terminate their labor obligations or quit their jobs because of old age. Its purpose is to enable workers to have a stable source of income and maintain a basic standard of living after retirement.

Medical insurance, on the other hand, is a kind of material help given by the state or society to pay medical expenses and reduce the economic burden when workers are sick or injured accidentally. Through medical insurance, people can get timely and effective treatment when they are sick, without worrying too much about medical expenses.

Unemployment insurance is a system that provides material assistance to workers who have temporarily interrupted their sources of livelihood because of unemployment to ensure their basic livelihood, and creates conditions for their re-employment through professional training, job introduction and other means.

And "one gold" refers to the housing provident fund. This is a housing security system, which is jointly paid by units and employees. Housing provident fund can be used for employees to buy, build, rebuild and overhaul their own houses.

Let’s use a table to show more clearly the relevant information of "three insurances and one gold":

It should be noted that the deposit ratio of "three insurances and one gold" may be different due to the nature of the region, unit and policy adjustment. At the same time, "three insurances and one gold" is of great significance to workers. It not only provides basic living security and welfare for workers, but also is an important support for social stability and development. For enterprises, paying "three insurances and one fund" for employees according to law is not only a legal obligation, but also an important means to attract and retain talents.

In a word, understanding the meaning and function of "three insurances and one gold" is very important for every worker and employer, which is helpful to better plan personal career and human resource management of enterprises.

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