What are the differences between social security and medical insurance and China Life Insurance, and what are their advantages?

Frankly speaking, social security and medical insurance are a kind of welfare treatment of the country. Whether a country's endowment insurance (social security) and medical insurance are good or bad can reflect the overall level of the country. For each of us, it is best to get involved and get great benefits with little money. Although you pay nearly 500 yuan a month, you will have a living guarantee in the future. When you retire, your salary will far exceed your money.

In addition, if you don't apply for social security, you can't apply for medical insurance, and you can't enjoy medical treatment such as hospitalization, especially at important times.

In fact, the country is losing money in this respect, and the money of future generations is used to pay the expenses of predecessors. At present, the deficit of "social security" is so large that it is difficult to pay for everyone. Therefore, the state supports the social security fund to invest and let it make up the deficit with profits.

But China life insurance is different. China Life Insurance and other similar insurance institutions are profit-oriented enterprises. It must be clear that they are for profit and want to make money from everyone. This is the biggest difference between the two insurance institutions. Insurance companies such as China Life are commercial.

There are too many types of commercial insurance, so you can choose one for your own use. But if a person doesn't pay for it all his life, then he will "suffer". That is to say, he will spend money to buy "just in case".

If you have the conditions, you can do both social security and commercial insurance. The advantage of this is that you will still get a monthly salary (just salary) when you retire, and there will be commercial insurance compensation in case of an accident.