Is it better to buy social security or commercial insurance?

Hello, social security and commercial insurance are complementary, not substitutes.

In pursuit of basic security, you can choose social security.

In pursuit of full and comprehensive protection, you can choose social security+commercial insurance.

If there is no social security, it is even more necessary to allocate commercial insurance to transfer risks.

The difference between social security and commercial insurance mainly includes the following aspects:

(1) has different properties.

Commercial insurance is a kind of enterprise management behavior, aiming at profit.

Premium and security are equivalent exchange relations, with more investment and more insurance, less investment and less insurance.

The more premiums paid, the more types of insurance purchased, and the more comprehensive the protection.

Commercial insurance can be divided into life insurance and property insurance.

It can not only protect "people" but also "property", and some insurances also have financial management attributes.

Wide coverage and high level of protection.

Social security is organized by the government, which is mandatory and welfare.

Forcing a certain group to use part of their income as social insurance premium to form a social insurance fund.

The scope of protection is stipulated in advance by the state, and the scope of risk protection is narrow and the level of protection is low.

Specifically, it includes: endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

Is the most basic guarantee.

In a word, social security makes people "full" and commercial insurance makes people "eat well".

(2) Different guarantees

1, medical security

The scope of social security medical insurance reimbursement is limited, and I believe everyone has a deep understanding.

Social security such as drug purchase, hospitalization deductible line, exceeding the maximum reimbursement limit, designated hospitals, designated pharmacies, and out of the catalogue is not reported.

Because of its "welfare" characteristics, social security can only meet the most basic medical security needs of most people.

It is impossible to guarantee everything.

Commercial insurance, like millions of medical insurance and critical illness insurance, can transfer the risk of critical illness.

As an important supplement to social security, it is highly targeted and fully guaranteed!

Many millions of medical insurance can reimburse the purchased drugs, special clinics and proton heavy ions, and the reimbursement ratio is as high as 100%.

Critical illness insurance meets the disease conditions stipulated in the insurance contract, and directly pays a large amount of insurance money, which can be used to pay medical expenses or as rehabilitation expenses.

2. Accident protection

Social security does not include accident insurance, and its accident protection is mainly reflected in work-related injury insurance.

Employees who suffer accidental injuries at work may apply for compensation from work-related injury insurance.

Accident protection is limited to "work".

Commercial insurance has developed "accident insurance" for accidental injuries.

There is no requirement for the time and place of the accident.

As long as the four basic principles of accident, non-disease, foreign and sudden are met, accidental injury or death in the insurance contract is within the scope of protection.

3. Old-age security

According to social security regulations, if the accumulated payment period exceeds 15, you can receive a pension after reaching retirement age.

The longer the payment time, the larger the payment base, and the more pensions you get after retirement.

However, in recent years, with the aggravation of population aging and the implementation of "individual pension system", it also shows that the old-age security provided by social security will not meet the diversified needs of the elderly.

The core function of "annuity insurance" in commercial insurance "pension function" can just help solve this problem.

When you buy an annuity insurance when you are young, you can have more adequate economic security when you are old.

4. Maternity protection

Social security and commercial insurance differ greatly in maternity protection.

There are two main aspects of maternity insurance in social security: one is maternity allowance, and the other is maternity medical security.

Mainly the economic compensation for women during pregnancy and childbirth, as well as the necessary examination fees, delivery fees, operation fees, hospitalization fees, medicine fees, etc.

Maternity insurance in commercial insurance mainly protects women's accidental risks during pregnancy and childbirth, as well as the death and congenital disability of newborns.

Comparatively speaking, social security maternity insurance is more practical.

However, for accidents that may occur during pregnancy and childbirth, you can also consider buying a commercial maternity insurance to transfer related risks.

Step 5 increase income

Social security is pure insurance, so it can't be used for profit.

In commercial insurance, annuity insurance and whole life insurance are essentially wealth management products.

Of course, there are also security functions, but the income is what they are more worth seeing.

I hope dad's answer will help you ~