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

There are certain differences between social security and commercial insurance, and the differences are as follows:

1. Definition: Social security is a national social security system, which aims to provide people with basic living security, backed by national financial support; Commercial insurance is a kind of business behavior. Insurance operators are independent in accounting, operating independently and taking responsibility for their own profits and losses.

2. Object and function: Social security is aimed at workers and their immediate family members, and provides material help after workers lose their ability to work; Commercial insurance takes individuals or the whole people as the insured object, and gives certain economic compensation according to the amount of premiums paid and the types of accidents.

3. Equality of rights and obligations: Social insurance emphasizes that workers must fulfill their obligations to contribute to society, so as to obtain the right of social insurance treatment and realize the basic equality of rights and obligations; Commercial insurance mainly shows the equivalent exchange relationship of "more investment and more insurance, less investment and less insurance".

4. Different willingness to buy: social insurance is compulsory, and all citizens or workers who meet the statutory conditions must pay insurance premiums and receive protection, which is directly stipulated by national legislation; Commercial insurance is based on the principle of equality and voluntariness, and whether to establish an insurance relationship is entirely up to the applicant.

So with social security, do you still need commercial insurance? Look here and you will understand, "With social security, do you still need to buy commercial insurance?" 》

Dad Insurance's insurance consulting platform provides users with policy diagnosis services and neutral insurance opinions, so that users can intuitively and clearly understand their own policies and buy the insurance that suits them best.