The difference between paying business insurance and social security

Controlled by the Social Security Administration. Social security is the abbreviation of social insurance. Social security is mandatory, that is, employers and individuals need to pay. Social security is currently divided into: pension insurance, medical insurance, maternity insurance, work injury insurance and unemployment insurance. The role of social insurance is: old age, medical care for the sick, life insurance, treatment of injuries, loss of gain. That is to say, when you are old, sick, injured or lost, you can get some compensation and relief. If you have the conditions to do, it is certainly better to do than not to do, do have protection, and vice versa. Individuals only need to pay three kinds of contributions: old-age pension, medical care and unemployment, while maternity and work-related injuries are paid by the employer. Individuals pay 8% for pension, 2% for medical care, and 1% for unemployment, with your salary as the contribution base and monthly payment. But because everyone's family is not the same, income is not the same, the need for protection is not the same, and the country's social security is a unified standard, can not meet the needs of individuals, which has a commercial insurance company, commercial insurance companies are operated by the insurance company; commercial insurance is a contract voluntarily signed by the individual with the insurance company; life insurance policyholder in order to obtain accident, medical, critical illness, savings dividends, investment, children's education, property transfer, pensions and other benefits. Life insurance is a contract between an individual and an insurance company. Property insurance is to protect the policyholder's property from loss or less loss of property insurance products. Commercial insurance is what we call the real "insurance"; like China Life, Ping An, Pacific Ocean, PICC are some of the major insurance companies in China; PICC is mainly engaged in property insurance; it is very important to choose a strong insurance company to insure. China's insurance rate in the world is still on the low side, as far as I live in Guangzhou, in the country is considered a high rate of insurance in the region, the insurance rate is only about 15%, while Hong Kong, China is 100%, the United States is 350%, Japan is 700%; of course, in the rapid development of China's economy, the insurance coverage will continue to rise, the high rate of insurance is an important symbol of the developed countries, I believe that China will be in the near future to catch up with the developed countries. I believe that China will catch up with developed countries in the near future. Compared with the commercial insurance handled by financial insurance companies, social insurance is different in principle, which is mainly manifested in five aspects: First, the basic attributes are different. First, the basic attributes are different. Social insurance is an administratively mandatory social undertaking, with a universal, protective and social welfare nature. The main body of social insurance is the government, and the government takes the final responsibility when the social insurance fund is unable to meet its expenses. Commercial insurance is the nature of the enterprise, its business belongs to a financial enterprise business activities, with profit, compensation nature. Second, the object and role is different. The object of social insurance is all workers, and its role is to protect the basic needs of workers in the temporary or permanent incapacity or loss of labor positions. The object of commercial insurance is mainly the voluntary participation of some people, the insured through the insurance, in the hope that in the event of an accident according to their contributions to obtain a certain amount of financial compensation. Once they fail to pay the insurance premiums, they will not be compensated. Third, the implementation of different principles. Social insurance is the implementation of compulsory, integrated, mutual benefit principle, which certain items are also implemented and labor contribution, labor remuneration, rights and obligations linked or reciprocal principle. While commercial insurance is voluntary, profit, and the principle of reciprocity of insurance linked to the insured. Fourth, the financing and payment are different. The cost of social insurance is borne by individuals, organizations and the state. They are collected at a uniform rate as stipulated in the social insurance policy. The cost of commercial insurance is borne by the insured, and the insurance premium rate depends on the risk. The fifth difference is that the scope of legislation is different. Social insurance is an important part of the country's social policy and labor policy, is a basic right given to citizens by the Constitution, and therefore belongs to the scope of social legislation. Commercial insurance is a business activity of financial enterprises, part of economic and social policy, the rights and interests of the insured and the insured are protected by the economic contract law, which belongs to the scope of economic legislation. Social insurance is compulsory, and participation in social insurance is the right and obligation of every employee, while commercial insurance is voluntarily chosen by employees to participate. Commercial insurance can be used as a supplement to social insurance; Finally, I use a small paragraph to describe the difference between social security and commercial insurance: With the development of China's economy, I believe that everyone will not be satisfied every day just eat rice and steamed bread, must hope to eat some of their favorite dishes; in China's large and medium-sized cities to participate in the number of commercial insurance has been skyrocketed!

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