The difference between life insurance and social insurance

Hello:

Life insurance and social insurance have both differences and connections:

I. Differences

1. The nature of insurance is different. Personal insurance for profit, social security for social stability.

2, the implementation of different ways. Life insurance is generally voluntary insurance (except for a few types of insurance, such as China's aircraft accident insurance in the 1950s), social security

is mandatory.

3, different insurance objects. Personal insurance object, the scope is more flexible; social security object is the social workers.

4, different levels of protection. Life insurance can meet the different needs of life for security; social security level of protection is the basic needs of life.

5, the principle of premium burden is different. Life insurance is borne by the policyholder; social security is borne by the individual, the unit, the government 3 parties.

Two, the connection:

Life insurance is an important supplement to social insurance.

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