It is managed and controlled by the Social Security Bureau.

Social security is the abbreviation of social insurance.

Social security is mandatory, that is, both employers and individuals need to pay.

Social security is currently divided into: pension insurance, medical insurance, maternity insurance, work-related injury insurance and unemployment insurance.

The function of social insurance is to provide support for the elderly, medical treatment for illness, life insurance, treatment for injuries, and gain for losses.

This means that you can receive a certain amount of compensation and relief when you suffer from old age, illness, injury or loss.

If there are conditions to do it, it will definitely be better than not doing it. If it is done, it will be guaranteed, but if it is done, there will be no guarantee.

Individuals only need to pay pension, medical and unemployment contributions, while maternity and work-related injuries are paid by the employer.

The personal pension contribution rate is 8%, medical care is 2%, and unemployment is 1%. The contribution base is based on your salary and is paid monthly.

However, because everyone’s family is different, their income is different, and they need different protections. However, the national social security is of a unified standard and cannot meet individual needs. Therefore, there are commercial insurance companies, and commercial insurance companies are all covered by insurance.

Company management; commercial insurance is a contract voluntarily signed by an individual with an insurance company; personal insurance policyholders insure insurance companies in order to obtain accident, medical, critical illness, savings dividends, investment, children's education funds, property transfer, pension and other protections.

product.

Property insurance is a property insurance product purchased to protect the policyholder's property from or reduce losses.

Commercial insurance is what we call the real "insurance"; China Life, Ping An, Pacific, and PICC are all major insurance companies in China; PICC mainly deals in property insurance; for insurance, choose a strong insurance company

Insurance companies are very important.

China's insurance coverage rate is still relatively low in the world. Guangzhou, where I live, is considered an area with a high insurance coverage rate in China. The coverage rate is only about 15%, while Hong Kong, China, is 100%, the United States is 350%, and Japan

It is 700%; of course, in China, where the economy is developing rapidly, the insurance coverage rate will continue to rise. A high insurance rate is an important symbol of developed countries. I believe that China will definitely catch up with developed countries in the near future.

Compared with commercial insurance handled by financial insurance companies, social security is different in principle, which is mainly reflected in five aspects: First, the basic attributes are different.

Social insurance is an administratively mandatory social undertaking with universality, security and social welfare properties.

The main body of social insurance is the government, and the government bears the final responsibility when the social insurance fund fails to cover its expenditures.

Commercial insurance is of an enterprise nature, and its business is a business activity of a financial enterprise, with the nature of profit and compensation.

Second, the objects and functions are different.

The object of social insurance is all workers, and its role is to protect the basic living needs of workers when they temporarily or permanently lose their ability to work or lose their jobs.

Commercial insurance is mainly targeted at some people who participate voluntarily. Through insurance, the policy holder hopes to obtain certain economic compensation based on his payment when an accident occurs.

Once the insurance deposit cannot be paid, it will not be replenished.

Third, the principles of implementation are different.

Social insurance implements the principles of compulsory, overall planning, and mutual assistance, and some of its projects are also linked to labor contributions and labor remuneration, and the principles of linkage between rights and obligations or reciprocity.

Commercial insurance implements the principle of voluntary, profitable, and reciprocal insurance linked to the insurance premium.

Fourth, financing and payment are different.

Social insurance costs are borne by individuals, units and the state.

It is levied according to the uniform rate stipulated in the social insurance policy.

The cost of commercial insurance is borne by the policy holder himself, and the insurance rate depends on the risk.

The fifth difference lies in the scope of legislation.

Social insurance is an important part of the country's social policy and labor policy. It is a basic right granted to citizens by the Constitution and therefore falls within the scope of social legislation.

Commercial insurance is the business activity of financial enterprises and a part of economic and social policies. The rights and interests of the policy holder and the insured are protected by the Economic Contract Law and fall within the scope of economic legislation.

Social insurance is compulsory and it is the right and obligation of every employee to participate in social insurance, while commercial insurance is voluntarily chosen by employees.