Job Recruitment Website - Social security inquiry - Is life insurance social insurance?

Is life insurance social insurance?

This insurance does not belong to social insurance.

Life insurance is a kind of commercial insurance, not social insurance. Social insurance is managed and provided by the government, and commercial insurance is provided by insurance companies. Individuals need to choose whether to insure. The insurance expenses of life insurance are all borne by individuals. Choose different insurance products, the amount of insurance is different, and the protection is relatively richer and more comprehensive. Social security and commercial insurance are also different in terms of coverage, insurance methods and costs.