The difference between social security and life insurance

Social security is basic insurance, and it must be handled first.

If you are not in the place where you pay all the year round, you don't need it Social security reimbursement for medical treatment in different places is rare.

If it is local, choose social security first, and then buy corresponding commercial insurance according to your own economic situation. There is no conflict between the two.

Difference:

1, social security is a reimbursement compensation system. You pay for the treatment first, and then you will be reimbursed in proportion after the treatment. There is no death benefit.

2. There are many kinds of life insurance, including the death of the insured and the accidental death of the insured. The payment in advance for serious illness (money for confirmed cases) can only be attached to life insurance and sold as additional insurance. Accident medical treatment and hospitalization are similar to social security, and medical treatment is paid first and then reimbursed after reading. However, it does not conflict with social security. After social security reimbursement, the rest of commercial insurance will be reimbursed.

Simple life insurance is death and total disability. You don't have to pay for the rest

However, after additional insurance is attached, medical expenses can be reimbursed, and serious illness can be treated with money in advance. There is an extra subsidy for hospitalization.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.