Pension insurance and social security which is cost-effective

Both are cost-effective and should be purchased according to your own situation.

1, social security payments will increase every year, while commercial insurance payments fixed.

2, social health insurance can not be exempted from premiums, the occurrence of major diseases, social health insurance still need to continue to pay, while commercial insurance has a waiver function, the insurance company to pay the remaining premiums.

3, social health insurance insurance responsibility is limited, there are a lot of uninsurable responsibilities, such as certain drugs (new drugs, imported drugs, expensive drugs, etc.) and some diagnostic and treatment programs are not within the scope of reimbursement, such as traffic accidents, food poisoning caused by injuries, injuries caused by medical malpractice or other liabilities, vital organ transplants and so on are not within the scope of the insurable;

And the commercial insurance can be 100% reimbursement of the insured amount, and there are also allowance-type insurance to make up for the loss of income and part of the medical expenses caused by sick leave.

4, social pension insurance products belong to the government's responsibility, regardless of business or personal need to pay social pension insurance. As long as the law within the scope of the regular quantitative social pension insurance contributions, then in the contribution period of 15 years, at the same time to reach the retirement age, are able to receive the basic pension security benefits, to ensure the stability of the old age life.

And commercial insurance to become a supplement to social insurance. Its implementation of the purpose of the same there is a very big difference, the main purpose of the domestic commercial insurance is to obtain higher profits, while the social insurance a protection-oriented, commercial insurance a profit-oriented.

Because the residents' pension insurance is a personal participation in the contribution, so in terms of the contribution standard is also in accordance with the personal participation in the employee pension insurance to compare, the employee pension insurance need to make monthly contributions, while the urban and rural residents' pension insurance participants can freely choose the time of payment, only need to pay once a year, and the corresponding standard of contribution is also relatively low, for example, the participants in the employee's pension insurance in place B is flexible For example, if the employee pension insurance participant in place B is a flexibly employed person with a contribution base of 4,000 yuan and a contribution rate requirement of 20%, the annual pension insurance fee for this flexibly employed person will be 4,000 x 20% x 12 = 9,600 yuan, while the resident pension insurance participant who also chooses the contribution bracket of 4,000 yuan needs to make a contribution of only 4,000 yuan for the current year.

Social security is usually cut off after three months of non-payment. Participants should be insured within three months of inclusion in the scope of coverage, from the month following the payment of employee health insurance premiums to enjoy. Failure to apply for enrollment within the specified time, or interruption of payment for three consecutive months is considered to be an interruption of enrollment.

I hope the above can help you, if you have other questions please consult a professional lawyer.

Legal basis: "Chinese People's **** and State Social Insurance Law"

Article 2

The State establishes a social insurance system of basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance and other social insurance systems, to safeguard the right of citizens to obtain material assistance from the State and society in accordance with the law in the event of old age, sickness, industrial injury, unemployment and maternity, and other circumstances.

The Social Insurance Law of the People's Republic of China

Article 16

Individuals who have participated in basic old-age pension insurance and who have made contributions for a cumulative total of fifteen years by the time they have reached the legal retirement age shall receive a basic old-age pension on a monthly basis. Individuals who have participated in basic pension insurance and have contributed for less than fifteen years by the time they reach the statutory retirement age may contribute until they reach the full fifteenth year and receive a basic pension on a monthly basis;

they may also be transferred to the new type of rural social pension insurance or the urban residents' social pension insurance, and shall enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.