What's the difference between social security and life insurance?

Social security is the foundation, and then some commercial insurance can be attached.

Social insurance contributions often increase;

Commercial insurance claims are fixed (except for consumer products).

When an accident occurs midway:

Social security pension may pay more money than it receives, because social security pension has no beneficiary;

In any case, commercial insurance guarantees that more money is taken than paid, and even if the prescribed period is not reached, the beneficiary can inherit a large amount of death insurance money.

When a major disease occurs:

Social medical insurance cannot be exempted from premiums, and it is necessary to continue to pay for serious illness;

Commercial insurance has an exemption function, and the insurance company pays (exempts) the remaining premium.

The insurance liability of social medical insurance is limited, and there are many uninsurable liabilities, such as certain drugs (new drugs, imported drugs, expensive drugs, etc. ) and some diagnosis and treatment projects are not within the scope of reimbursement, injuries caused by traffic accidents, medical accidents and other responsibilities, and important organ transplants are not within the scope of protection;

The critical illness insurance of commercial insurance can be reimbursed by 100%, and subsidy insurance and hospitalization insurance can also be attached. This combination makes up for the income loss caused by illness, solves the medical (medicine) treatment expenses that cannot be reimbursed by medical insurance, and gives nursing expenses and nutrition expenses.

Social medical insurance will be reimbursed afterwards (that is, it can only be reimbursed after discharge settlement), with deductible (that is, the part below deductible will not be reimbursed) and capped (the excess part will be reimbursed according to a certain proportion);

As long as the major diseases agreed in the contract are diagnosed, commercial insurance can pay by the hospital's diagnosis certificate, and no matter how much premium is paid, the insured will pay according to the insured amount, which has won better medical effect for the insured to choose better medical equipment/drugs/services, and even provided a valuable economic basis for increasing the chances of survival.

Social endowment insurance can only meet the needs of the minimum living standard, and it is uncertain to receive it every year. If you die unexpectedly before receiving it, you can only get back the money, funeral expenses and pensions in your personal account, and there is no other compensation;

How much commercial insurance is up to you, and it must be so much. There is also a bonus to resist some inflation, so that your later life will be more abundant and of higher quality. Even if the insured dies, your family can continue to receive a pension.

Social insurance manages "sickness" and "old age";

Commercial insurance covers birth, old age, illness and death.

Social insurance is a national welfare nature and cannot be controlled;

Commercial insurance is private and you can make your own decisions.