What's the difference between social security and insurance?

First of all, the choice is different.

Social security is compulsory, and you must pay it whether you like it or not. It is an insurance protected by law. This is not the case with commercial insurance. Some enterprises will provide commercial insurance for their employees, while others will not. Therefore, it can be seen from this point that commercial insurance is voluntary and not compulsory.

Second, the behavior is different.

Social security can only be handled by the government, not anywhere else, and a department or an institution can only handle one or all types of social security, not several departments. Commercial insurance companies can handle any type of insurance. Many insurance companies can handle the same type of insurance and can also design and operate any kind of insurance.

Third, the selectivity is different

Social security is aimed at the whole society and everyone. It is non-selective, and those who need to pay social security are all members of society and are not subject to any conditions. Comparatively speaking, commercial insurance is optional. Different types of insurance are suitable for different people, while others may be more suitable for those who need more health protection.