What's the difference between endowment insurance and social security? What's the difference between endowment insurance and social security?

1. Conceptual differences: In short, the old-age insurance is a system in which people who have participated in social insurance are provided with basic living security by the social security fund after they retire or lose their ability to work due to old age. It's called endowment insurance. The full name of social security is social insurance, which refers to a social and economic system that the state gives economic compensation to those who lose their ability to work for some reason and whose jobs or economic income are affected.

2. The content of security is different: the old-age insurance is mainly used to guarantee the basic life of the elderly after retirement; Social security not only guarantees the basic life of the elderly after retirement, but also guarantees the basic medical services of all insured persons and the basic life during unemployment, maternity and work-related injuries.