Labour insurance?

My employer is taking money from my pay check for Labour insurance. When i asked for some information about what it actually is, i was told that there are no benefits, it is just something i have to pay.

This obviously cant be right??? So what are the benefits etc?

Labor insurance (勞保) covers you for maternity leave, sickness, disability, occupational accident, and apparently death.
bli.gov.tw/en/sub.aspx?a=cHVoa5l2xNw%3d

Thanks