The difference between commercial insurance and five insurances and one gold.

The difference between commercial insurance and five insurances and one gold is as follows:

1, they are different in nature. Five insurances and one fund, also known as social insurance, is a government act enforced by national legislation and has a non-profit nature. Commercial insurance is a kind of commercial behavior. The relationship between the insured and the insurance company is voluntary and profitable;

2. Different sources of funds. Social insurance is borne by the state, employers and individuals. Commercial insurance is entirely borne by individuals;

They have different purposes. The purpose of social insurance is to protect people's basic life, while the fundamental purpose of commercial insurance is to make profits.

The differences between commercial insurance and social insurance are as follows:

1, different in nature, guaranteed by social insurance, not for profit; Commercial insurance is operational and aims at pursuing economic benefits;

2. The foundation is different. Social insurance is based on labor relations. As long as labor relations are formed, the employer must handle social insurance for employees. Commercial insurance is voluntary insurance, and the rights and obligations of both parties are established in the form of contracts;

3, the management system is different, and social insurance is managed by government functional departments; Commercial insurance is operated by an insurance company of enterprise nature;

4, the object is different, the object of participating in social insurance is the laborer, and its scope is stipulated by law and limited by qualification conditions; The object of commercial insurance is a natural person, and the applicant is generally not restricted, as long as he is willing to insure and fulfill the terms of the contract;

5. The scope of protection is different, and social insurance has solved the living security of the vast majority of workers; Commercial insurance only solves the problems of some policyholders;

6, different sources of funds, social insurance funds are shared by the state, enterprises and individuals; Commercial insurance funds are only a single source of insurance premiums;

7. The benefits are different. The principle of social insurance benefits is to ensure the basic livelihood of workers. Insurance premiums are generally paid monthly and adjusted annually with the increase of the average social wage. Commercial insurance determines the claim standard according to the principle of "more investment and more insurance, less investment and less insurance, no investment and no insurance";

8. Social insurance is a stable and continuous system of the country with different timeliness; Commercial insurance is a one-off, short-term enterprise behavior;

9. The legal basis is different. Social insurance is legislated by labor law and its supporting regulations, while commercial insurance is legislated by economic law, commercial insurance law and its supporting regulations.

To sum up, the five insurances do not include commercial insurance, but are the protection treatment given to employees by employers and belong to the protection content of social security. Commercial insurance is a supplement to social security, and there are many types of insurance.

Legal basis:

Article 10 of People's Republic of China (PRC) Social Insurance Law

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.