Legal analysis: listed companies must buy five insurances and one gold. It is illegal to fail to pay the five insurances, and the unit should handle the insurance formalities for the employees within one month after they join the company. Employees who are unwilling to take out insurance can be dismissed. According to relevant regulations, the state has established social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to protect citizens' right to get material help from the state and society in accordance with the law in cases of old age, illness, industrial injury, unemployment and maternity.
Legal basis: Article 2 of the Social Insurance Law of People's Republic of China (PRC) The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., to protect citizens' right to get material help from the state and society according to law in case of old age, illness, industrial injury, unemployment and maternity.