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Social security 24-hour consultation telephone
Social insurance is an important part of the social security system and occupies a core position in the whole social security system. In addition, social insurance is a contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility.
However, workers can only enjoy the corresponding social insurance benefits if they fulfill their statutory payment obligations and meet the statutory conditions. The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund.
The difference between social security and commercial insurance
1, the implementation purpose is different: social security is to provide basic protection for social members when necessary, not for profit. Commercial insurance is the commercial operation of insurance companies, aiming at profit.
2. The subject and object of implementation are different: social insurance is raised, managed and distributed by specialized institutions established by the state, and its object is social members within the legal scope. Commercial insurance is managed by insurance companies, and the insured can be anyone who meets the underwriting conditions.
3. Different levels of protection: the protection provided by social insurance for the insured is the most basic, and its level is higher than the social poverty line. The level of protection provided by commercial insurance depends entirely on the agreement of both parties and the premium paid by the insured.
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