What is the difference between life insurance and medical insurance? You will understand after reading this article.

The full name of life insurance is life insurance, which is a kind of life insurance. It is a kind of insurance that aims at protecting people's life. During the guarantee period of life insurance, if the insured dies or survives, the insurance company will pay the insurance money, and some life insurance products will also pay the insurance money for the insured's total disability. How about China Life? I just sorted out the relevant contents, hoping to help you: How about China Life? Do you have any insurance recommendations?

Second, what is social security?

The full name of social security is social insurance, which is compulsory insurance for government agencies and company employees. Social security includes five basic types of insurance: industrial injury insurance, old-age insurance, medical insurance, unemployment insurance and maternity insurance, which protect the personal safety, income, old-age insurance and maternity needs of employees. For the strategy of medical insurance reimbursement, I just sorted out the relevant contents, hoping to help you: how to use social security medical insurance? 1. Teach you how to apply for reimbursement!

Third, the difference between life insurance and social security.

1, different types of insurance.

Life insurance is a kind of commercial insurance, and social insurance is social insurance. Commercial insurance is not compulsory, and the insured buys insurance products in various insurance companies according to their own economic conditions and needs. Social insurance is compulsory by the state, and all government agencies and enterprises must provide social insurance for their employees. Which insurance company is stronger? I just sorted out the relevant content, hoping to help you: the latest list! Top Ten Insurance Companies in China

2. Different roles.

Life insurance takes natural persons (not necessarily relatives) as the object, and its function is that the insured dies during the insurance period, and the insurance company pays the insurance money according to the contract. Social security is mainly aimed at workers and their immediate family members, and its role is to provide basic living security for workers when they permanently or temporarily lose their ability to work and income. The insurance premium of social security is not high, so life insurance can be used as a supplement to social security.

3. Different premiums and payment methods.

The cost of social security is related to the individual's salary level and contribution ratio. Different provinces and autonomous regions stipulate different payment ratios according to their own economic development level, and the social security payment base is the actual salary of the insured. In most areas, the payment ratio is: 8% for individual pension insurance, 3% for medical insurance and 0.5% for unemployment insurance, and maternity insurance and industrial injury insurance are not needed. Employees' social security is paid once a year in their units and enterprises. The premium of life insurance is related to the specific products of insurance companies. Different products have different premiums due to different coverage content and duration. Life insurance is divided into term life insurance and whole life insurance, and the premium can be paid once a year or once.

The above is the difference between life insurance and social security. Life insurance is not social security. Please don't confuse the two.