What is social security and how does it differ from peace of mind life insurance? Thanks!

Social security is social insurance, which is a welfare policy implemented by the state with wide coverage and low protection, including five items: pension insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance. If you have a work unit, then you will pay social security through your work unit, and it will be borne by the unit and the individual on a proportional*** basis, with the unit taking the lion's share and the individual taking the lion's share.

The role of the five social security insurance in layman's terms to you:

Pension Insurance: Retirement Salary

Medical Insurance: Medical Reimbursement, Major Disease Co-ordination

Maternity Insurance: Women can be reimbursed for the costs during the birth and receive subsidies, and men birth ligature and reproductive health to enjoy the cost of reimbursement and allowances

Unemployment Insurance: Unemployment can be a certain amount of time unemployment benefits

Unemployment Insurance: Unemployment can be taken

Worker's compensation insurance: compensation for work-related injuries

So, social security is the basis of protection, of course, you have to participate in the first. As for what you said Ping An life insurance it belongs to commercial insurance, the insurance company is the main business, you have to understand the relationship between social security and commercial insurance: social security is the foundation, commercial insurance is a useful supplement.

The general principles of purchasing commercial insurance:

1, first adults, after the children

2, first protection, after the financial

3, the order of insurance is generally: accident, life insurance, critical illness, medical, education or old age

4, the annual premiums expenditure of the annual income of 10-20%

5, do not necessarily buy in place at one time. Accident insurance can be bought for the whole family, the other depends on the economic conditions of the family pillar to buy, and then gradually improve

Hope to help you!

In order to get a scientific and reasonable insurance plan, we suggest you to refer to the above insurance rules through the third-party insurance intermediary station (does not belong to any insurance company, does not sell any insurance products, but builds a communication and interactive platform for the insurance buyers and sellers) of the function of the "insurance bidding", in accordance with the set scientific process, anonymity! The company's insurance policy is based on the principle of "one country, two systems" and "one country, two systems". The company's insurance policy is based on the principle of "one country, two systems" and "one country, two systems".