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What are the benefits of social security? What are the differences between social insurance and comm

What are the benefits of social security? Social insurance is a kind of social and economic system that provides income or compensation for the population who lost their ability to work, temporarily lost their jobs or lost due to health reasons. What are the differences between social insurance and commercial insurance? Let's have a look.

social security mainly includes maternity insurance, medical insurance, work-related injury insurance, endowment insurance, unemployment insurance, etc. The benefits of social security are as follows:

1. Benefits of maternity insurance: it can be used for reimbursement of maternity related expenses. For example, the cost of birth examination, operation, production and hospitalization, etc.

2. The benefits of medical insurance: usually have a cold and fever, you can go to the pharmacy to buy medicine. If you are ill and hospitalized, you can get most of the expenses covered by medical insurance.

3. Benefits of work-related injury insurance: in the process of work, accidents can be applied for identification of work-related injuries, so that enterprises bear the dependent responsibilities.

4. The benefits of endowment insurance: when people get old, their labor force will be lost. When they pay for the pension until they are 60 years old, and the accumulated number of years is more than 15 years, they can get the pension monthly.

5. The benefits of unemployment insurance: unemployment insurance for 1 year, unemployment insurance can receive unemployment insurance benefits, if you go to the hospital, you can apply for reimbursement of 70% of the medical expenses.

Extended data:

The main differences between social insurance and commercial insurance are as follows

The purpose of implementation is different. Social security is the basic guarantee for social members when necessary, not for profit; commercial insurance is the commercial operation of insurance companies, with profit as the purpose.

The implementation mode is different. Social insurance is enforced according to the national legislation, while commercial insurance follows the principle of 'freedom of contract', which is voluntarily insured by enterprises and individuals.

The subject and object of implementation are different. Social insurance is raised, managed and issued by specialized institutions set up by the state, and its object is the social members within the legal scope; commercial insurance is operated and managed by insurance companies, and the insured can be anyone who meets the conditions of underwriting.

The level of security is different. Social insurance is the most basic guarantee for the insured, its level is higher than the social poverty line, less than 50% of the average social wage, and the degree of protection is low; the level of protection provided by commercial insurance completely depends on the agreement of both parties of the insurance and the amount of premium paid by the applicant. As long as the insured meets the insurance conditions and has certain payment ability, the insured can obtain a high level Security.