Is commercial insurance social security?

Is commercial insurance social security? The answer is no, commercial insurance is a profit-oriented insurance form operated by concluding insurance contracts, which is generally sold by insurance companies, including critical illness insurance, accident insurance, medical insurance, life insurance and annuity insurance. Social security is a social and economic system that provides income or compensation for people who lose their ability to work, temporarily lose their jobs or lose their jobs due to health problems. Not for profit, it mainly includes medical insurance, maternity insurance (merged with medical insurance), industrial injury insurance, unemployment insurance and endowment insurance.

Is commercial insurance social security? Although not, and there are differences between them, they can complement each other. If the premium budget is sufficient and there are related protection needs, then you can consider taking out several commercial insurance, such as critical illness insurance, medical insurance and accident insurance. After the health insurance is fully configured, you can consider taking out other financial insurance.

The difference between commercial insurance and social security;

1. Difference of insured objects: Commercial insurance has no special requirements for insured objects. As long as they meet the insurance conditions, they can be insured through health notification; Social security is mainly to protect workers, but flexible employees can also participate in flexible employment social security themselves, or they can participate in urban and rural residents' social security themselves;

2. Compulsory insurance is different: commercial insurance is voluntary insurance for individuals; Employee social security is usually compulsory for employers to buy for employees, but individuals can also buy flexible employment social security and urban and rural residents' social security themselves;

3. There are differences in nature and characteristics: commercial insurance is for profit, and it is commercial and operational; Social security is social security and national welfare insurance, which has the characteristics of non-profit and public welfare;

4. Commercial insurance is underwritten by insurance companies, and they are liable for claims; Social security is managed by government functional departments, and there is a special overall fund;

5. Commercial insurance is regulated by economic law, commercial insurance law and supporting laws and regulations; Social security is regulated by the Labor Law and its supporting regulations;

6. There are different ways to raise premiums: commercial insurance is paid by the insured; Social security is paid by both employers and employees. If it is social security and flexible employment for urban and rural residents, it is generally paid by individuals, but the state will subsidize it.

Is commercial insurance social security? That's all. I hope it helps you.