Is life insurance social insurance?

Life insurance is not social insurance, but commercial insurance. Individuals are free to choose whether to insure or not. All insurance costs are borne by individuals. The insurance coverage of the selected insurance products is different, and the protection is relatively rich and comprehensive. The content of protection lies in the insurance contract actually signed. The above is whether life insurance belongs to social insurance.

The difference between social insurance and commercial insurance

1. Social security is based on labor relations. As long as there are labor relations, the unit needs to handle social security for its employees, which belongs to the social security system enforced by the state. Commercial insurance is purchased by oneself and related by contract;

Social security is managed by government departments and commercial insurance is managed by insurance companies;

3. Social security is not for profit, commercial insurance is for making money;

4. The insurance cost of social security is shared by the company, the individual and the state, and the commercial insurance is borne by the individual;

5. Social security is stable and sustainable, and commercial insurance is one-off or short-term;

6. The insurance object of social security is employees, subject to qualification restrictions. The insurance object of commercial insurance is everyone, as long as the insured wants to insure;

7. Social security is generally paid on a monthly basis, and commercial insurance is paid according to the agreed insurance amount;

8. Social security is regulated by labor law and supporting regulations, and commercial insurance is regulated by economic law, commercial insurance law and supporting regulations.

This paper mainly writes whether life insurance belongs to social insurance, and the content is for reference only.