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

1, the nature of existence is different: social insurance is not for profit; Commercial insurance is for profit.

2. Different insurance methods: handling social insurance for employees in the employer; Commercial insurance is purchased voluntarily.

3. Different management departments: social insurance is managed by government functional departments; Commercial insurance is managed by insurance companies.

4. Different participants: the participants in social insurance are laborers and are limited by qualifications; The object of commercial insurance is anyone.

5. Different coverage: social insurance can provide basic living security for the vast majority of workers; Commercial insurance only provides protection for some policyholders.

6. Different sources of funds: the social insurance fund is shared by the state, enterprises and individuals; The funds for commercial insurance shall be borne by individuals alone.

7. Different compensation treatment: Social insurance treatment generally takes the form of monthly payment, which is adjusted year by year with the increase of average social wage; Commercial insurance pays in accordance with the principle of "more investment and more insurance, less investment and less insurance, and no investment and no insurance".

8. The nature of time is different: social insurance is stable and continuous; Commercial insurance is one-off and short-term.

9. Different legal norms: social insurance is regulated by labor law and its supporting regulations, while commercial insurance is regulated by economic law, commercial insurance law and its supporting regulations.