Individuals bought Ping An insurance. If I still apply for social security in the company, will there be conflicts?

The difference between commercial insurance and social insurance;

Commercial insurance and social insurance are social security measures, but their status and functions are different. Social insurance is the foundation, and commercial insurance is an important supplement. The two complement each other and are indispensable.

Commercial insurance refers to life insurance and property insurance (also known as life insurance and non-life insurance) for profit, which are operated by specialized insurance enterprises.

Social insurance refers to a social security system in which the state collects insurance premiums through legislation and the society establishes funds to guarantee basic living. China consists of endowment insurance, unemployment insurance, medical insurance, industrial injury insurance and maternity insurance, which together form a complete social insurance system. The above five kinds of social insurance are similar to life insurance (life insurance) in commercial insurance.

Extended data:

The main differences between social insurance and commercial insurance;

1, achieving different purposes. Social security is the basic guarantee for social members when necessary, not for profit; Commercial insurance is the commercial operation of insurance companies, aiming at profit;

2, the implementation is different. Social insurance is compulsory according to national legislation, while commercial insurance follows the principle of "freedom of contract" and is voluntarily insured by enterprises and individuals;

3. The subject and object of implementation are different. Social insurance is raised, managed and distributed by special institutions set up by the state, targeting social members within the legal scope; Commercial insurance is managed by insurance companies, and the applicant can be anyone who meets the underwriting conditions;

4. Different protection levels. Social insurance provides the most basic protection for the insured, which is higher than the social poverty line and lower than 50% of the average social wage, with a low degree of protection; The level of protection provided by commercial insurance depends entirely on the agreement of both parties and the amount of premium paid by the insured. As long as the insured meets the insurance conditions and has a certain ability to pay, he can get a high level of protection.

References:

Baidu encyclopedia-social security