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What does it mean for commercial insurance to have social security?

Everyone has to pay "five insurances and one gold" for their monthly salary. "Five insurances and one gold" are actually five kinds of social insurance and housing accumulation fund. So what's the difference between social security here and commercial insurance on the market? Don't you have to buy commercial insurance after paying social security? Let's take a look at what Shenzhen Social Security Bureau said:

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