What does social security mean?

Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

Social insurance is a kind of welfare provided by the state to the people, with a wide range of protection and a relatively low degree of protection. But social insurance is the foundation, commercial insurance is the supplement, and the function of social insurance is irreplaceable by commercial insurance. Therefore, it is suggested to purchase social insurance first, and then consider commercial insurance if possible. Social security pension insurance can be paid 15 years, medical insurance can be paid for 20 years, and you can also enjoy medical insurance benefits after retirement.

Extended data

The difference between social security and five insurances and one gold.

1, the concept is different: social security is the abbreviation of social insurance, which refers to five kinds of insurance: endowment insurance, medical insurance, maternity insurance, unemployment insurance and industrial injury insurance. Five insurances and one gold refer to endowment insurance, medical insurance, maternity insurance, unemployment insurance, industrial injury insurance and housing accumulation fund.

2. Different scope: Social insurance only includes five types of insurance, such as endowment insurance, but five insurances and one gold also include housing accumulation fund. That is, five insurances and one gold include social security.

Social insurance should guarantee people's basic living needs and satisfy them.

On the other hand, social insurance should also follow the principle of equality, that is, to ensure that everyone has the right to enjoy social insurance and everyone benefits from it. In maternity, work injury, unemployment, medical care, old-age insurance and so on. It is necessary to embody the principle of equality for all, so that these insurance programs can cover all eligible citizens. Accelerate the reform of social insurance system, strengthen legislative planning and expand the coverage of social insurance.

Social insurance can guarantee people's basic living needs, ensure social stability and improve the social insurance system, which is an inevitable requirement for China to accelerate the construction of a harmonious socialist society and is also the proper meaning of ensuring the sustained, stable and healthy development of China's economy. Therefore, in the new era, China should further optimize the development of social insurance system, solve some problems faced by social insurance at this stage, and effectively play the important role of social insurance, thus ensuring the stability and harmony of the country.

References:

Baidu encyclopedia-social insurance