Which is better, insurance or social security?

There is no better way to say social security or commercial insurance. Social security is the foundation, and commercial insurance is a useful supplement. It is suggested that the basic guarantee of social security should be done first. If it is a local urban household registration, you can pay social security as a freelancer and handle it through the social security bureau where the household registration is located, and the expenses are entirely borne by the individual.

The upper and lower limits of the urban insurance base paid by freelancers are determined between 300% and 60% of the average monthly wage income of employees in this city last year. Some areas have different grades to choose from in terms of payment base and proportion. Pension and medical care must be paid, and unemployment, work injury and maternity insurance premiums are not paid.

Social security can't be done, so we can only consider commercial insurance.

General principles for purchasing commercial insurance:

1. Guarantee first, then finance.

2. The order of insurance is generally accident, life insurance, serious illness, medical care, education or pension.

3. Annual premium expenditure 10- 20% of annual income.

There is no need to buy it at once. Accident insurance can be bought by the whole family. Others should be family pillars. Buy them first according to economic conditions, and then gradually improve them.

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