labour insurance

Social security (social insurance) is a social and economic system that provides income or compensation for people who are unable to work, temporarily unemployed or suffer losse

Social security (social insurance) is a social and economic system that provides income or compensation for people who are unable to work, temporarily unemployed or suffer losses due to health reasons. The main items include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

Medical insurance refers to the insurance that pays the insurance premium on the condition that the medical behavior agreed in the insurance contract occurs, and provides protection for the medical expenses of the insured during the medical treatment. Medical insurance collects medical insurance premiums from people threatened by diseases in advance in the form of contracts. When the insured goes to a medical institution for medical treatment, the medical insurance institution will give certain economic compensation. Medical insurance is to allocate the economic losses caused by disease risks to all members threatened by the same risks, and to compensate the economic losses caused by diseases with centralized medical insurance funds.