The difference between endowment insurance and social security

Legal analysis: The difference between social security and endowment insurance is: 1. Social insurance includes endowment insurance, but is not limited to endowment insurance; 2. Endowment insurance is only one of the five social insurances. Buying social security can not only guarantee the basic life after old age, but also guarantee the basic medical service and the basic life during unemployment and work injury. The main purpose of purchasing endowment insurance is to ensure the basic life after old age. Legal basis: Article 2 of the Social Insurance Law of People's Republic of China (PRC) The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., to protect citizens' right to get material help from the state and society in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.