What is social security? What's the use of buying social security?

Social security, that is, social insurance, is a social and economic system that provides income or compensation for people who have lost 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.

Function:

1. Old-age insurance: After paying the old-age insurance for more than 15 years, you can enjoy the old-age insurance benefits when you reach the legal retirement age: you will receive the corresponding pension expenses every month.

2, medical insurance: the cost of hospitalization, as long as you pay medical insurance, you can reimburse.

3. Work-related injury insurance: If an accident happens unfortunately during the contract period, the enterprise needs to ask for information and apply for work-related injury identification, and the enterprise can bear corresponding responsibilities.

4. Unemployment insurance: After paying unemployment insurance continuously for more than one year, the files are returned to the street. You can enjoy unemployment insurance benefits in the street.

5. Maternity insurance: the expenses related to maternity can be reimbursed, including maternity allowance, maternity medical expenses, family planning operation medical expenses and other expenses related to maternity stipulated by the state and this Municipality. Maternity leave or something. Men have 10 day nursing leave, etc.

Extended data

Main differences between social insurance and commercial insurance

Achieve different goals. Social security is the basic guarantee for social members when necessary, not for profit; Commercial insurance is the commercial operation of insurance companies, aiming at profit;

The implementation methods are different. Social insurance is compulsory according to national legislation, while commercial insurance follows the principle of "freedom of contract" and is voluntarily insured by enterprises and individuals;

The subject and object of implementation are different. Social insurance is raised, managed and distributed by special institutions set up by the state, targeting social members within the legal scope; Commercial insurance is managed by insurance companies, and the applicant can be anyone who meets the underwriting conditions;

Different levels of protection. Social insurance provides the most basic protection for the insured, which is higher than the social poverty line and lower than 50% of the average social wage, with a low degree of protection; The level of protection provided by commercial insurance depends entirely on the agreement of both parties and the amount of premium paid by the insured. As long as the insured meets the insurance conditions and has a certain ability to pay, he can get a high level of protection.

References:

Baidu encyclopedia-social insurance