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Unemployment insurance money is the basic living expenses paid by unemployment insurance agencies to eligible unemployed people according to law, and it is a temporary compensation for unemployed people to lose their wage income during unemployment. The purpose of unemployment insurance is to protect the basic needs of the unemployed. Unemployment insurance is paid from the unemployment insurance fund according to law.

Extended data:

According to Article 17 of the Regulations on Unemployment Insurance, if the accumulated payment time of the unemployed person's unit before unemployment is over 1 year and less than 5 years, the longest period for receiving unemployment insurance benefits is 12 months, and if the accumulated payment time is over 5 years and less than 10 years, the longest period for receiving unemployment insurance benefits is 18 months.

If the accumulated payment time exceeds 10 years, the longest period for receiving unemployment insurance benefits is 24 months. If you are unemployed again after re-employment, the payment time will be recalculated, and the time limit for receiving unemployment insurance benefits can be combined with the time limit for receiving unemployment insurance benefits from the previous unemployment, but the maximum time limit shall not exceed 24 months.

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