Seven insurances and one fund refer to old-age insurance, medical insurance, unemployment insurance, industrial injury insurance, maternity insurance, supplementary medical insurance, long-term care insurance and housing accumulation fund, which is one more supplementary medical insurance and long-term care insurance than five insurances and one fund.
Seven insurances and one gold can ensure that employees can get material help from the state and society according to law in cases of old age, illness, work injury, unemployment and maternity. At the same time, it can improve the living standard of employees after retirement and reduce their medical burden to a certain extent. As an important part of the social security system, seven insurances and one fund have always been valued by the government.