The difference between social security and commercial insurance

Legal analysis: 1. The object of insurance is different: the object of social insurance is workers, which is determined based on labor relations in China, and only workers can participate. Commercial insurance is open to anyone, and it is based on commercial contract relationship.

2. Different basic attributes: Social insurance has the nature of social security, which is a social responsibility undertaken by the state to workers and belongs to non-profit and public welfare services. Commercial insurance is for profit, and it is commercial, operational and financial.

3. The subject of insurance premium burden is different: the insurance premium of social insurance comes from many levels and aspects, and the state, enterprises and individuals have to bear part of it, and the whole society has a unified standard. The premium of commercial insurance comes from the payment of the insured, and the rates of different insurance companies are different.

4. The compulsory principle of insurance is different: the state implements the compulsory principle of social insurance in order to provide material help to workers and ensure social security. Commercial insurance follows the principle of voluntariness. The so-called "more investment and more insurance, less investment and less insurance, no investment and no insurance" emphasizes equal exchange.

Legal basis: Article 64 of People's Republic of China (PRC) Social Insurance Law includes basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.