Can you tell me what the comprehensive insurance of social security is all about?

Answer: Shanghai Insurance Home

Schoolmaster

May 9, 21:43 Social insurance is a social security system that is financed by all three parties*** according to the legislation, namely the worker, the worker's work unit or community, and the state, to help the worker and his/her relatives to prevent the interruption, reduction, and loss of income in the event of the risks of old age, illness, work injury, maternity, and unemployment in order to safeguard their basic Social security system to protect the basic needs of life.

The concept of social insurance encompasses four levels of meaning:

Membership of the social insurance system is determined by legislation, that is to say, every worker within the scope of the legislative designation must participate in social insurance. Therefore, social insurance carries a certain degree of legislative compulsion.

Social insurance emphasizes individual contributions. Such contributions bear some formal resemblance to the premiums of commercial insurance, but social insurance contributions are based entirely on self-help self-insurance and mutual aid. Workers who participate in the social insurance system acquire membership by making contributions, hence the expression "obligation first, right later". At the same time, these rights and obligations are reciprocal, meaning that there is equality of opportunity, and members of the social security system receive benefits to cover their basic needs in the event of various risks within the scope of the law.

Social insurance emphasizes tripartite*** co-financing by the worker, the worker's work unit and the State. It reflects the responsibility of the State and society to provide workers with basic livelihood security. The contribution of the work unit of the workers, so that the source of social insurance funds to avoid a single channel, increasing the social insurance system itself insurance coefficient. And the participation of the state, more social insurance system has a strong backing.

The "insurance" of social insurance has the meaning of positive prevention, and plays a proactive role in the legal scope of the risk, so that members of the social insurance system to obtain a sense of psychological security, thus reflecting the role of social security stabilization mechanism.

In summary, we can summarize the six characteristics of social insurance: (1) the organization of the form of mandatory: legislation, mandatory participation; (2) the individual sense of self-help: the first to fulfill their obligations, and then enjoy the rights; (3) the collective sense of mutual assistance: mutual assistance to meet the urgent needs of mutual assistance; (4) the source of funds of the source of multiple sources of funding: tripartite financing, a reliable source of funding; (5) the use of funds of the precautionary: prevention of risk, a strong sense of security; (6) the management of the funds. The use of funds is preventive: risk prevention and a strong sense of security; ⑥ Reserve in fund management: accumulation and proliferation, with a long history.