What's the difference between social security and commercial insurance?

Social security is the most basic guarantee of our life, and it is the guarantee of maintaining our basic life. Commercial insurance is more powerful, and its unique protection function and asset preservation function are irreplaceable by any other financial instrument. Specifically, we can compare from the following aspects:

I. Nature of insurance

Social security is a kind of welfare embodiment of the state or enterprise to provide medical care and old-age care for individuals, which is mandatory. Social security is a low-level insurance, not a package. According to China's national conditions, there are too many porridge, and the set meal can't be eaten;

Commercial insurance is a kind of personal behavior, which is purchased voluntarily, self-planned or personally according to one's own economic ability and social security. It is a higher-level life arrangement and embodiment.

Second, the payment time.

Social security pension must be paid continuously after 15 years, and can not be collected until the legal retirement age. The payment time of commercial insurance is flexible, and it can be paid once, 3 years, 5 years, 10 years, 20 years ... The length of time is up to you, buy early and enjoy early, and decide the retirement arrangement at the age of 40, 50 and 60.

Third, how much should I pay?

The payment of social security is basically the same for everyone, as long as they participate. The unit pays about 20% (or 12%) and the individual pays 8%. The monthly payment method will increase over time. Commercial insurance is a personal behavior. According to your own actual situation, you can pay more and pay less.

Fourth, the pension and medical security time.

The medical and pension functions of social security are how long you live, and the longer you live, the more you will benefit; From this perspective, social security is very cost-effective for people who live long, but not for people who live short, because they can't retire and their families can't collect it on their behalf.

However, only some products are guaranteed for life, and most of them can only be guaranteed regularly until the age of 80 or 100; Medical insurance is basically paid for one year and guaranteed for one year, but it is regularly guaranteed until the age of 65 or 80. If an exemption is attached, the beneficiary can continue to receive it if he "leaves" halfway.

Verb (abbreviation of verb) accident protection

Social security only covers accidents in the workplace, and accidents on the way to and from work, at home or traveling are not reimbursed. Commercial insurance accident and accidental disability insurance, generally speaking, can be reimbursed anywhere. And accident protection is to get a high amount of insurance at a low premium.

Disease protection of intransitive verbs

Medical expenses related to social security are reimbursed with relevant vouchers, with deductible line and capping line. Except for self-funded drugs, they shall be reimbursed in proportion within the scope of reimbursement.

However, commercial insurance and social security reimbursement for minor illnesses complement each other. After social security reimbursement, submit the contract guarantee as far as possible; However, reimbursement for serious illness means that after the disease is diagnosed, it will be paid first with the medical certificate, and the amount guaranteed by the contract will be paid in full. Such early payment provides convenience for patients to treat early and choose medical treatment early. This also highlights the humanization of commercial insurance.

Seven, nutrition subsidies

Commercial insurance can pay 50-200 yuan/day as a subsidy for nutrition expenses during hospitalization, and this subsidy can also be used as a offset for bed fees or self-funded drugs. And social security can't do it.

Eight, death protection function

Social security is not cost-effective compared with people who died several times before payment or collection. Family members refund part of the value of personal accounts and reimburse funeral expenses, which is basically not compensated.

The guaranteed products of commercial insurance have high life insurance coverage. After 24 hours or regular entry into force, regardless of the duration of insurance, even if only one payment is made, the family members will be given high compensation for the death of the insured.

Let the family get financial compensation, let the elderly get support, and let the children continue to go to school normally. No one had an accident and the whole family lost. This is especially important for a young man who is the breadwinner of his family.