The difference between insurance company and social security

Personally, social pooling insurance is a kind of national behavior, which can also be said to be a kind of welfare treatment of the country. Commercial insurance is the commercial behavior of life insurance companies, which is based on individual voluntariness and plays a supplementary role in pension and medical care. The difference is that social pooling insurance, whether it is pension, medical care, work injury or other aspects, will introduce different payment ratios every year according to the economic situation of various places. This is formulated by the local social security center and enforced by the state. Usually, individuals pay a part, and units pay a part. The annual adjustment period is about 65438+February; Commercial insurance is not only a supplement to social security projects, but also plays a considerable role in financial management. According to the insurance type and scope selected by the customer, the amount paid is usually different. Most of its functions are financing, protecting family economy or supplementing social security. The claims or benefits obtained by customers are determined by commercial insurance companies, usually depending on the interest rates or terms of each company. The general rules are formulated by the CIRC directly under the State Council, and the detailed rules are formulated by the insurance companies!

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