What is the full name of social security?

The full name of social security is social insurance. Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

In China, social insurance is an important part of the social security system, occupying a core position in the whole social security system. In addition, social insurance is a contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility.

However, workers can only enjoy the corresponding social insurance benefits if they fulfill their statutory payment obligations and meet the statutory conditions. For example, pension insurance needs to be paid continuously for 15 years, and unemployment insurance also has detailed restrictions.

Extended data:

Main differences between social insurance and commercial insurance

1, achieving different purposes. Social security is the basic guarantee for social members when necessary, not for profit; Commercial insurance is the commercial operation of insurance companies, aiming at profit;

2, the implementation is different. Social insurance is compulsory according to national legislation, and commercial insurance follows the principle of "freedom of contract", and enterprises and individuals voluntarily take out insurance according to the agreed content;

3. The subject and object of implementation are different. Social insurance is raised, managed and distributed by special institutions set up by the state, targeting social members within the legal scope; Commercial insurance is managed by insurance companies, and the applicant can be anyone who meets the underwriting conditions;

4. Different protection levels. The protection provided by social insurance for the insured is the most basic and the degree of protection is low; The level of protection provided by commercial insurance depends on the content of both parties and the premium ratio, which is a high level of protection.