Is there a difference between buying insurance with social security and without social security?

Social insurance is certainly better than commercial insurance without social insurance. Social insurance is a social security system organized by the government and established by the society, which enables workers to get compensation and help from the state and society in cases of old age, illness, work injury, unemployment and maternity, including medical insurance, endowment insurance, unemployment insurance, work injury insurance, maternity insurance, serious illness insurance and supplementary medical insurance.

Social security medical insurance is the most commonly used insurance for citizens, while commercial insurance involves hospitalization medical insurance, term life insurance, critical illness insurance, accidental injury insurance and accidental medical insurance, and there are many differences between them.

On the basis of social security, commercial insurance can be added, and appropriate commercial insurance can be selected as a supplement according to the actual situation of individuals to improve insurance protection. Without social security to insure commercial insurance, insurance protection is incomplete. First of all, social security cannot replace the role of commercial insurance. Because of the replacement rate of social security, the pension after retirement is generally about 40% of the usual salary, but with the growth of age, the costs of medical care, health care, travel and life will continue to rise, and relying on social security can only ensure food and clothing.

Generally, appropriate commercial insurance products are purchased on the basis of social security. It is suggested that it is best to give priority to improving the responsibility of accident insurance, accidental medical treatment, serious illness and health care, and then make a comprehensive comparison and choice according to the actual economic ability of individuals.