Main differences between social insurance and commercial insurance

Social security is to provide people with basic living security. In view of the current living standard and frequent diseases, commercial insurance is a better health guarantee for social security. It is also the embodiment of the value of family and one's life. You can choose personal insurance, critical illness insurance, accident insurance and medical insurance. The differences are as follows:

1, the nature of existence is different: social insurance is not for profit; Commercial insurance is operational, with profit as its purpose.

2. Different objects and functions. Social insurance is aimed at workers and their immediate family members, and provides them with material help after they lose their ability to work. Commercial insurance is aimed at individuals or the whole people, and certain economic compensation is given according to the amount of premiums paid and the types of accidents.

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

4. Different protection levels. Social insurance is based on ensuring the basic needs of workers, and the level of protection of commercial insurance is completely based on the amount of insurance premiums paid. Social insurance values "guarantee", while commercial insurance values "repayment".

Extended data:

Social security is a system that takes the state or government as the main body, redistributes national income according to the law, and gives material help to citizens when they temporarily or permanently lose their ability to work and have difficulties in life for various reasons, so as to ensure their basic livelihood. The essence is the pursuit of fairness, the subject of responsibility is the state or the government, and the goal is to meet the needs of citizens' basic living standards, which must be based on legislation or law. The social security system in the modern sense is the product of industrialization, marked by a series of social insurance laws promulgated and implemented by the Bismarck government of Germany in the 1980s from 65438 to 2009. It has gone through different periods of development, maturity, perfection and reform, and each country has formed its own social security system model according to its own political, economic and demographic factors. China's social security system mainly includes social insurance, social assistance, social preferential treatment and social welfare.

Commercial insurance refers to the form of for-profit insurance operated by professional insurance enterprises through the conclusion of insurance contracts. Commercial insurance relationship is a contractual relationship concluded by the parties voluntarily. The insured pays the insurance premium to the insurance company according to the contract, and the insurance company shall be liable for the property losses caused by the possible accidents agreed in the contract, or the death, disability, illness or reaching the agreed age and time limit of the insured. The so-called social insurance refers to a social security system that forms a social insurance fund by collecting insurance premiums to provide basic living security for members who lose their working ability or job opportunities due to old age, illness, maternity, disability, death and unemployment.