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What does supplementary insurance mean?

There are many types of insurance, which can be roughly divided into social insurance and commercial insurance. Supplementary commercial insurance is a concept opposite to social insurance, which refers to a form of insurance operated by professional insurance enterprises for profit. Social insurance is the basic guarantee, and commercial insurance can further expand the scope of protection and supplement what social insurance can't, so commercial insurance can be called supplementary commercial insurance. In addition, supplementary commercial insurance can simply mean that the employer buys additional commercial insurance for employees on the basis of paying social security.

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Reply time: 2022-0 1-25. Please refer to the latest business changes announced by Ping An Bank in official website.