What is social security? Let's talk about it in a popular way.

Social security is stipulated by the state, and the expenses are shared by the state, enterprises and individuals. It is a social security system that helps workers get compensation and help.

Usually, what we call social security is social insurance, including endowment insurance, unemployment insurance, work injury insurance, medical insurance and maternity insurance. Endowment insurance is a kind of social security.

Generally speaking, endowment insurance means that you can get a "pension" after paying 15 years. What the unit pays belongs to the employee pension insurance, which can only be collected after formal retirement, while what the individual buys can only be collected after the age of 60.

Social insurance refers to a social insurance system in which workers get material help from the state or society when they can't work or stop working due to old age, disability, illness and other reasons. , their immediate family members have no living income. Including: old-age insurance, unemployment insurance, industrial injury insurance, medical insurance, maternity insurance (commonly known as five insurances).

The difference between social security and endowment insurance;

Characteristics of social insurance:

1. Insurability: guarantee function.

2. Mandatory: All enterprises and individuals within the scope of the law must participate, which is a bit like the nine-year compulsory education of the country.

3. Welfare: Social insurance is a social security enforced by the state, which is not for profit, has the nature of social welfare and is a public welfare undertaking.

4. Mutual assistance: From the perspective of scope risk, everyone will encounter different risks, especially unemployment and disability, so everyone's needs are different. Social insurance is to help those who encounter risks and have special needs.

The difference between social security and endowment insurance is that endowment insurance is a kind of social security.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.