The difference between insurance and social security

Legal analysis: social security is the abbreviation of social insurance, and it is also the general name of "five insurances and one fund", namely: endowment insurance, medical insurance, insurance, work injury insurance and maternity insurance. Commercial insurance is a form of insurance that is operated by a professional insurance company through the conclusion of an insurance contract and aims at profit. The main differences between social security and insurance are as follows: 1. The object of protection is different: the object of social insurance is workers; Commercial insurance can be anyone. 2. Different basic attributes: social security has the nature of social security; Commercial insurance is for profit. 3. Different payment subjects: social security countries, enterprises and individuals all bear part of it; Commercial insurance is paid by the insured himself. 4. Different management departments: social insurance is managed by government functional departments; Commercial insurance is managed by enterprise insurance companies.

Legal basis: Article 2 of People's Republic of China (PRC) Social Insurance Law The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance. To ensure citizens' right to receive material assistance from the state and society in accordance with the law in cases of old age, illness, work injury, unemployment and maternity.