What does the coal mine social security fund mean?

Coal mine social security fund is endowment insurance, but it does not cover diseases and accidents, and the cost is stipulated by the local social security bureau. The insurance company does not cover coal miners.

The National Social Security Fund refers to the social security fund managed by the National Social Security Fund Council and centrally managed by the central finance, which is composed of funds and equity assets allocated by the reduction of state-owned shares, funds allocated by the central finance, funds raised by other means approved by the State Council and their investment income.

The national social security fund is not open to individual investors. It means that the state entrusts part of the endowment insurance premiums paid by enterprises and institutions to professional institutions for management, so as to maintain and increase the value.