Is there a conflict between social security and commercial insurance?

Commercial insurance and social insurance are complementary and basically do not conflict. The main differences are as follows:

1. The purpose of establishing social insurance is to maintain social stability, not profit. The money collected can only be used for insurance, not for bonuses and operating expenses. All employees' salaries and operating expenses are paid separately.

Commercial insurance aims at profit, and the insurance premium collected needs to pay employees' wages, bonuses and operating expenses.

Second, the entry threshold for social insurance is low and claims are easier.

After all, the purpose of social insurance is to maintain social stability, so it is generally inclined to the insured; Commercial insurance has reasons for refusing compensation, and generally chooses to refuse compensation.

Third, medical insurance in social insurance allows sickness insurance.

Commercial insurance generally requires good health when insured.

Fourth, if there is a deficit in social insurance, the government will cover the bottom.

If commercial insurance cannot pay its expenses, the rights and interests of the insured may be damaged.

Five, to participate in social insurance, the state will give subsidies to the insured or insurer.

Commercial insurance is not subsidized.

Six, social insurance will make various adjustments according to the operation and actual situation, as far as possible to ensure that the insured get better income, while commercial insurance will only be based on the contract.