How to use three insurances and one gold correctly？ What are the functions of these insurances and provident funds？

Three insurances and one fund: the key to guarantee and welfare

In our career, "three insurances and one gold" are words that we often hear, but do you really know how to use them correctly and their respective functions?

First of all, let’s talk about "three insurances", namely, endowment insurance, medical insurance and unemployment insurance.

Endowment insurance is to protect our basic needs after retirement. It is paid jointly by units and individuals according to a certain proportion of payment. After reaching the statutory retirement age and accumulating contributions for a certain number of years, you can receive a monthly pension.The following is a simple example of payment and collection of endowment insurance (taking a certain area as an example):

| payment period | payment base| unit payment ratio| individual payment ratio| monthly payment amount after retirement |
| —- | —- | —- | —- | —- |
| 30 years | 5000 yuan | 16% | 8% | about 3000 yuan |

Medical insurance is used to cope with the expenses when you are sick. Whether it is outpatient service or hospitalization, it can reduce our economic burden to a certain extent. Moreover, the funds in the personal account of medical insurance can also be used to buy drugs at designated pharmacies.

Unemployment insurance plays a role when we stop employment because of our own will. Eligible unemployed people can receive unemployment insurance benefits for a certain period of time, and may also enjoy vocational training, job introduction and other services during the period of receiving.

Next is the "one gold", which is the housing provident fund. Housing accumulation fund is mainly used to solve the housing problem of employees.

For those who need to buy a house, housing provident fund loans usually have lower interest rates, which can greatly reduce the cost of buying a house. If you don’t buy a house, you can also use it to pay rent, house decoration, etc. under certain conditions.

To use three insurances and one gold correctly, you need to pay attention to the following points:

Pay the fees in full and on time to ensure that your rights and interests are not affected. Understand the changes of relevant policies and regulations and adjust your plan in time. When using medical insurance, pay attention to choosing designated medical institutions and keep relevant bills and medical records.

In short, three insurances and one gold are important guarantees and benefits in our work and life. Fully understanding and rationally utilizing them can provide a more solid foundation and more choices for our future.

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