What are the compulsory insurance

Social insurance includes the following five kinds:

1, pension insurance

2, unemployment insurance

3, maternity insurance

4, industrial injury insurance

5, medical insurance

Social security characteristics,

1. Non-profit.

Social insurance is non-profit insurance, which does not aim to make profit, but to implement social policies. Although social insurance also needs to resort to precise measurement in its operation, the choice of social insurance programs and the level of protection cannot be determined by the level of economic efficiency.

2. Compulsory.

Social insurance is compulsory. The so-called mandatory refers to the state through legislation to enforce, individual workers and their units must participate in accordance with the provisions of the law. Social insurance contribution standards and treatment programs, insurance payment standards, etc., are unified by the state or local government laws and regulations. Individual workers, as insured persons, do not have the right to arbitrarily choose or change whether or not to participate in social insurance, or the items to be covered and the standards of treatment. Compulsoriness is the most important guarantee for the implementation of social insurance. Only in this way can it be ensured that the social insurance fund has a reliable source. Commercial insurance is voluntary, and it follows the principle that whoever is insured is insured, and whoever is not insured is not insured. The design of its insurance, the payment of premiums, the length of the insurance period, the size of the insurance liability, the relationship between rights and obligations

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