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Chapter 231 Providing for the Elderly

Chaochao stared in shock, "Five types of insurance? That's so many."

No wonder insurance companies make so much money.

This time, even Emperor Jingxuan, who was still preoccupied with energy levels, had his attention diverted and became interested in listening attentively.

insurance?

I've never heard of this before. It seems quite interesting. And surprisingly, most people have bought this thing called insurance. Going to work at a company, it's illegal not to buy it?
Then, he heard Shen Ruochu say, "That's right, the five types of insurance—pension, medical, unemployment, work injury, and maternity—are required by the state to pay. So, they are not paid to insurance companies, but to the state. The money will also be provided by the state. For example, with maternity insurance, if we need time to rest after giving birth and cannot work, then we will have no income during that period, and the state will compensate us for that."

The people of Daqi under the sky were stunned for a moment, then remembered what Jian Yunsang and Jian Yunlu had mentioned earlier about not having to work and receiving maternity subsidies. Could this be it?

So that's how it is, that's how it is, this is insurance.

Then Shen Ruochu continued, "Work injury insurance refers to injuries sustained during working hours or at the workplace. For example, if you are hit by an electric bike on your way to work, it is considered a work injury, and the medical expenses will be reimbursed. There is also unemployment insurance, which is for those who are dismissed, fired, or removed from their jobs involuntarily. You can receive unemployment benefits for up to two years, which are usually around two thousand a month."

Chaochao couldn't help but swallow hard as she listened. "This is possible?"

The people of Daqi were so envious they almost cried. Putting aside maternity insurance, they desperately needed things like work injury and unemployment benefits.

Especially those镖师 (bodyguards/escorts) who escort goods, guards who transport goods, and porters who help unload and carry goods at the docks, they are injured very frequently. Because of this, most of them will endure minor injuries or treat them with folk remedies. Of course, it is good if they can get better, but some people lose their lives because their injuries are delayed in treatment.

If there were insurance that would even cover work-related injuries if someone got hit by a car on their way to work, what would they have to worry about? They'd love to work 12 hours a day.

Some shop assistants and owners were so envious of unemployment insurance that they almost cried.

Even the waiters and cooks in the kitchen are highly sought after, as some people have connections and powerful backers who can replace them at any time.

The employer didn't care who did the work for them, as long as they could get things done.

For ordinary people like them, losing their jobs might mean not being able to support their families. Many people resort to dangerous jobs just to make ends meet. With unemployment insurance, they would have at least some basic living security, and then they could slowly look for work again.

These benefits from later generations are incredibly favorable to ordinary people like them.

But Shen Ruochu hadn't finished speaking yet, "The three I mentioned earlier are all related to work. But even if you don't work, it's best to pay into pension and medical insurance."

"Why?" Chaochao asked.

"Medical insurance can reimburse our daily medical expenses. Many serious illnesses require a lot of money, which can wipe out all their savings or even put them into debt for families that aren't particularly wealthy. But with medical insurance, we can get a portion of the expenses reimbursed." Chaochao remembered, "Ah, I know about that. When I first came back, the doctor said my ear needed a follow-up check and might need surgery. Mom said it's covered by medical insurance. Is that what it is?"

Under the canopy of the sky, Chief Zhan also realized it. He suddenly stood up and paced back and forth excitedly. "Yes, yes, this is medical insurance. His Majesty was curious about it back then, but Miss Jian didn't explain it in detail. Now I finally understand."

Emperor Jingxuan also seemed to realize something, and then sighed, "The courts of later generations were truly wealthy."

The Minister of Revenue nodded in deep agreement, "Exactly. Last time there was nine years of compulsory education, and this time there's medical insurance reimbursement. They have 1.4 billion people. What, next time they won't even have the elderly supported by the imperial court, will they?"

As soon as he finished speaking, many ministers in the hall turned their eyes to him simultaneously.

The Minister of Revenue suddenly shuddered. "Why are you all looking at me like that?"

Song Ren said quietly, "Lord Zhang, have you forgotten about the pension insurance that Miss Chu mentioned earlier?"

Zhang Yulin was stunned. Holy crap, how come he didn't think of that?
He slapped his thigh suddenly. "Could it be that even the problem of retirement has been solved? How exactly did the Minister of Revenue in later generations manage to make money?" He desperately needed to know.

Those present were equally curious: how could later generations have achieved such a feat?
Only Emperor Jingxuan felt a pang of sadness when he thought that there wouldn't even be an emperor in later generations.

Is there anything they can't do?

Emperor Jingxuan quickly heard Shen Ruochu's explanation, "There's also pension insurance, which is to ensure we're cared for in our old age. For example, if we pay 1,000 yuan a month into pension insurance for 15 years, after retirement, based on the prices and basic salary at the time, we might receive around 2,000 yuan a month in pension. Of course, it could be more or less. But basic living security is guaranteed. If we pay for 20 years, the pension will be even higher. Even if we don't have children to support us, the state will take care of us."

Chaochao was incredulous and anxious. Didn't the elderly fear being abandoned by their children?

It's not like that in Shangliu Village. Although some elderly people are the heads of their families, there are still some who are poor and unable to work, so they are disliked by their sons and daughters-in-law. They can only eat leftovers and live in dilapidated houses with straw beds. Although their situation is better than hers in Shangliu Village, the elderly still have relatives.

I've heard that you can sue someone for being unfilial, but very few people do that. Some elderly people even hang themselves because they see no hope for the future, or they go to the mountains and disappear.

Lin Lan and others also had these thoughts in mind.

Leaving aside others, even Daya's maternal grandmother, because of her advanced age, was passed around by her uncles and aunts, and in the end, it was Daya's mother who took her in and cared for her.

But Daya's maternal grandmother felt this was outrageous. Daya's father was easy to talk to, but that didn't mean she could be shameless. So not long after, Daya's maternal grandmother started clamoring to go home. A month later, she hanged herself in her room.

Thinking of all this, Daya couldn't help but wipe away her tears, "If only Daqi had such insurance."