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What's the difference between social security and accident insurance?
Hello, I'm glad to answer your question! The difference between accident insurance and social security: 1. The government organizes different social insurance plans, forcing a certain group to use part of their income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. This is a redistribution system. Accident insurance refers to the insurance that the insured pays a certain amount of premium to the insurance company. When the insured suffers accidental injury during the insurance period, which directly leads to death or disability, the insurance company pays a certain amount of insurance money to the insured or beneficiary according to the insurance contract.
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