What is social welfare insurance?

Social security system is a kind of basic security system for citizens, and the word security is understood in this way. China's social security system mainly includes: endowment insurance, industrial injury insurance, maternity insurance, unemployment insurance, medical insurance and basic living security system for urban residents, which mainly emphasizes the responsibility and obligation of the state to citizens.

Welfare mainly considers an additional subsidy and compensation measure for different occupational groups according to the specific situation, aiming at improving people's living standards and reflecting efficiency.

According to the specific conditions of different groups of people and employers, the system aimed at ensuring basic living standards and the system aimed at improving living standards embody the principles of fairness and efficiency.

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Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.