Is the pension, medical care and children's education money bought by insurance companies social security?

Beijing Jiufengchao Human Resource Management Consultant replied as follows:

No, your company bought commercial insurance.

Social insurance, compulsory is its basic attribute; The policy framework is formulated by the state and authorizes local governments to refine it; At present, social insurance agencies are public (Germany and other countries, social insurance agencies are public or private non-profit organizations).

Commercial insurance, voluntary is its basic attribute (compulsory commercial insurance authorized by law, such as compulsory compulsory compulsory insurance, such as compulsory accidental injury insurance for personnel engaged in high-risk positions in coal law and construction law, is not excluded); Insurance companies should formulate policies and deal with them.