What's the difference between commercial insurance and social security?

Legal analysis: First of all, social security and commercial insurance are not the same kind of products, and more of their corresponding protection is also different. Social security is a national welfare, which is cheap and can provide basic protection; Commercial insurance is an enterprise operation, with more comprehensive protection, and can be reasonably matched according to demand as a supplement to social security. The two complement each other, and buying commercial insurance with social security is to pursue more comprehensive protection. Social insurance is the foundation, although it is a drop in the bucket, but it must be there; Commercial insurance should be the main body, and it should also supplement the serious shortage of social security. Social security commercial insurance is the smartest choice. So commercial insurance must be a necessity for modern people. People who buy social security must buy commercial insurance again, so they have no choice.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.