What is universal social security What is universal social security

1. All people participate in social insurance, which is called "universal insurance".

2. Social insurance is a social and economic system that provides income or compensation for people who are incapacitated, temporarily out of work, or have suffered losses due to health reasons. The main items of social insurance include: pension insurance, medical insurance, unemployment insurance, industrial injury insurance, and maternity insurance.

3. The social insurance scheme is organized by the government, which forces a certain group of people to form a social insurance fund by paying a part of their income as a social insurance tax (fee), and the insured can get a fixed income or compensation for loss from the fund if certain conditions are met; it is a kind of redistributive system, and its goal is to ensure the reproduction of material and labor force as well as the stability of the society.

4, in our country, social insurance (SocialInsurance) is an important part of the social security system, which in the whole social security system in the core position. In addition, social insurance is a kind of contributory social security, the funds are mainly paid by employers and workers themselves, the government financial subsidies and bear the ultimate responsibility.

5. Workers can enjoy the corresponding social insurance benefits only if they fulfill the legal obligation to make contributions and meet the legal conditions.