What is the main difference between commercial insurance and social insurance?

Hello, the most fundamental difference between commercial insurance and social insurance is the different basic attributes.

Social insurance has the nature of social security, is a social responsibility of the state to workers, and belongs to non-profit. Commercial insurance is commercial, operational and financial, aiming at profit.

1. What's the difference between commercial insurance and social insurance?

1, the insurance fee is different.

Social insurance premiums need to be supported by many parties, and countries, enterprises and individuals all need to bear part of them. Premiums in various places are determined according to various local social factors, and enterprises and individuals cannot decide for themselves.

The premiums of commercial insurance are all borne by the insured, and the product costs of different insurance companies are different.

2. The insurance principle is different.

Social insurance is mandatory, and enterprises must buy social insurance for their employees, otherwise it will violate the labor law.

Commercial insurance is voluntary, and what insurance products to buy, how much to buy, and whether to buy them or not all follow personal wishes.

3. Different disease protection.

Medical insurance in social insurance has restrictions on reimbursement of medical expenses, including deductible line and capping line. Those who meet the reimbursement conditions are not reimbursed by 100%, and the reimbursement amount is limited.

The medical insurance of commercial insurance is mainly to reimburse the remaining non-reimbursable part of social medical insurance as a supplementary guarantee of social security.

Is it necessary to buy both commercial insurance and social insurance?

Commercial insurance and social insurance can't replace anyone, and they should complement each other to play a comprehensive role.

I compiled an article. What's the difference between commercial insurance and social insurance? Do you still need to buy commercial insurance when you have social security? Answer this question in detail, and interested friends can poke the link to understand.

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