The difference between social security and life insurance

Insurance Bian Xiao helps you answer, and more questions can be answered online.

Unified management and control by the Social Security Bureau.

Social security is the abbreviation of social insurance. Social security is compulsory, that is, both employers and individuals need to pay. Social security is currently divided into: old-age insurance, medical insurance, maternity insurance, industrial injury insurance and unemployment insurance.

The role of social insurance lies in: providing for the old, getting medical care for the sick, getting medical care for the sick, getting medical care for the injured, and losing income. In other words, you can get some compensation and relief for illness and injury.

If it is possible, it will definitely be better than not doing it well. If you do it, you will be guaranteed, and vice versa.

Individuals who pay fees only need to pay pension, medical care and unemployment, and maternity and work-related injuries are paid by employers.

The proportion of personal pension payment is 8%, medical care is 2%, and unemployment is 1%. Pay monthly according to your salary.

However, because everyone's family is different, their income is different, the protection they need is different, and the national social security is unified, which can't meet individual needs, so there are commercial insurance companies, all of which are operated by insurance companies;

Commercial insurance is a contract that an individual voluntarily signs with an insurance company; Personal insurance policyholders insure the products of insurance companies in order to obtain the protection of accidents, medical care, serious illness, savings dividends, investment, children's education funds, property transfer, pension and so on. Property insurance is a property insurance product to protect the insured's property from or less losses.

Commercial insurance is what we call real "insurance";

For example, China Life Insurance, China Ping An, Pacific and China Life Insurance are all major domestic insurance companies; China PICC mainly deals in property insurance;

It is very important to choose a powerful insurance company to insure.

China's insurance coverage is still low in the world. In Guangzhou, where I live, the insurance coverage is only about 15% in China, while it is 100% in China, 350% in the United States and 700% in Japan. Of course, in China, where the economy is developing rapidly, the insurance coverage will continue to rise. High insurance coverage is an important symbol of developed countries. I believe that China will catch up with the developed countries in the near future.

Social security is different from commercial insurance handled by financial insurance companies in principle, mainly in five aspects:

First, the basic attributes are different. Social insurance is an administrative compulsory social undertaking with universality, security and social welfare. The main body of social insurance is the government, which bears the ultimate responsibility when the social insurance fund fails to meet its expenses. Commercial insurance is oriented to enterprises, and its business belongs to a business activity of financial enterprises.

, with the nature of profit and compensation.

Second, the objects and functions are different. The object of social insurance is all workers, and its function is to protect the basic needs of workers when they temporarily or permanently lose their ability to work or lose their jobs. The objects of commercial insurance are mainly people who voluntarily participate, and the insured can get certain economic compensation according to the compensation when the accident happens. Once the insurance premium cannot be paid, it will not be replenished.

Third, the implementation principle is different. Social insurance implements the principles of compulsion, overall planning and mutual assistance, and some projects also implement the principles of linking labor contribution with labor remuneration, linking rights and obligations or reciprocity. On the other hand, commercial insurance implements the principles of voluntariness, profitability and insurance reciprocity linked to insurance premiums.

Fourth, financing and payment are different. Social insurance costs are shared by individuals, units and the state. According to the unified rate stipulated in the social insurance policy. The cost of commercial insurance is borne by the insured himself, and the insurance rate depends on the risk situation.

The fifth difference is the different types of legislation. Social insurance is an important part of national social policy and labor policy, and it is a basic right given to citizens by the Constitution, so it belongs to the category of social legislation. Commercial insurance is the business activity of financial enterprises.

As a part of economic policy and social policy, the rights and interests of the insured and the insured are protected by the economic contract law, which belongs to the category of economic legislation. Social insurance is compulsory, and it is the right and obligation of every employee to participate in social insurance, while commercial insurance is voluntarily chosen by employees. Commercial insurance can be a supplement to social insurance;

Finally, I use a short paragraph to describe the difference between social security and commercial insurance:

With the development of China's economy, I believe that everyone will not be satisfied with eating rice and steamed bread every day, but must want to eat some dishes they like; The number of people participating in commercial insurance in large and medium-sized cities across the country has increased by leaps and bounds!