Which is more important, social security or critical illness insurance?

Social security and critical illness insurance have their own importance, and it is impossible to directly compare which is more important. Social security is a basic social security system, covering a wide range, including pension, medical care, unemployment, work injury, maternity and other aspects, providing basic living security for the insured. Critical illness insurance is a kind of critical illness insurance, which provides financial support to the insured when he is diagnosed with a serious illness as agreed in the contract.

First, the importance of social security.

Social security is a social security system, which aims to protect the basic needs of citizens. By paying social security, individuals can enjoy various guarantees, including old-age insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. These guarantees play an important role in personal life and work. For example, medical insurance can reduce the economic burden caused by illness, while endowment insurance ensures the basic quality of life of the elderly.

Second, the importance of critical illness insurance

Critical illness insurance is an insurance against critical illness. When the insured is diagnosed with a serious illness as agreed in the contract, the insurance company will pay a certain amount of insurance money. This insurance money can be used to pay high medical expenses and make up for income loss. Help the insured to tide over the financial difficulties brought by the disease. The coverage of critical illness insurance usually includes cancer, heart disease, stroke and other major diseases, which often cause great economic and psychological pressure on individuals and families.

Third, the complementarity between social security and critical illness insurance.

Social security and critical illness insurance have their own characteristics and can complement each other. Social security provides basic living security, and critical illness insurance provides additional economic support for serious illness. In real life, individuals can choose to buy appropriate critical illness insurance according to their own needs and economic conditions to enhance their ability to resist serious illness. At the same time, social security, as a basic security system, also provides a basic safety net for the insured.

To sum up:

Social security and critical illness insurance have their own importance, so we can't simply compare which is more important. As a basic social security system, social security provides a wide range of living security for the insured; Critical illness insurance provides additional financial support for critical illness. In real life, individuals should choose appropriate insurance according to their own needs and economic conditions in order to achieve comprehensive and effective protection.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 2 provides that:

"The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, work-related injury insurance, unemployment insurance and maternity insurance, and protects citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, work-related injury, unemployment and maternity. "

People's Republic of China (PRC) insurance law

Article 95 provides that:

With the approval of the the State Council Insurance Regulatory Authority, an insurance company may engage in some or all of the following insurance businesses as stipulated in Article 94 of this Law: (1) Personal insurance business, including life insurance, health insurance, accident insurance and other insurance businesses.