What is the difference between enterprise endowment insurance and social endowment insurance?

Enterprise endowment insurance refers to an auxiliary endowment insurance established by enterprises according to their own economic strength and under the implementation policies and conditions stipulated by the state. It is located at the second level of the multi-level endowment insurance system, which is jointly implemented by the national macro guidance and internal decision-making of enterprises. Enterprise endowment insurance is an insurance system that enterprises must pay for employees as stipulated by the state.

Second, social endowment insurance.

Social endowment insurance, the full name of social basic endowment insurance, is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.

3. What is the difference between enterprise endowment insurance and social endowment insurance?

The purpose and nature of insurance are different.

Social insurance is a national compulsory social security and a social policy. The state enforces it by legal means. Whether enterprises or individuals are willing or not, as long as they are within the scope prescribed by law, they must participate in social insurance. The provisions on the collection and payment of social insurance premiums or taxes are mandatory. Commercial insurance is based on equality, mutual benefit and voluntary signing. Insurers can voluntarily choose insurance types and agree on the amount of insurance according to their own risks, and decide their own protection standards and levels. Insurance companies have no right to force people to buy insurance.

2) The insured objects and functions are different.

The object of social insurance is social workers, whose purpose is to guarantee their basic life when they are old, weak, sick and disabled, that is, to meet the minimum living guarantee. Commercial insurance aims at obtaining certain economic compensation. It can make people get the same quality of life when they retire.

3) The relationship between rights and obligations is different.

Social insurance emphasizes that workers must fulfill their social insurance obligations and pay social insurance premiums in order to get social insurance benefits and rights, and emphasizes the rights and obligations of both the state and workers. Commercial insurance embodies the responsibilities, rights and obligations of both parties to the contract. The insurance amount of commercial insurance is determined by the insurance amount.

4) Different levels of treatment

There is no direct relationship between the cost borne by social insurance individuals and the treatment they enjoy. The implementation of social insurance is beneficial to low-income people and has obvious social assistance nature. Commercial insurance is different. The more premium the insured pays, the more insurance he enjoys and the higher the degree of protection he enjoys.