No!!
Neither permit renewal nor new application requires purchasing social insurance.
If you have contributed to the endowment insurance for more than 15 years, you will receive a fixed monthly income after retirement.
The social security card can be used to pay for medical treatment and purchase medicine. If you are hospitalized, a portion of the expenses can be reimbursed, with a maximum reimbursement rate of up to 95%.
This insurance covers the medical expenses associated with pregnancy, delivery, and provides reimbursement for these costs.
If you lose your job due to company bankruptcy or termination, you can receive a monthly unemployment benefit for up to two years.
However, to receive these benefits, you must have a valid residence permit in China after your employment card is cancelled, such as a student visa or family residence permit.
If you are injured at work, you will receive compensation for temporary or permanent disability.
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Solutions blends its history and experience with a “next-generation” worldview to build enduring client relationships based on delivering real results. The company aims to create a passionate, high-quality professional team to provide business consulting services for Chinese and foreign people