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Is social assistance the same as insurance premium?
It's different. Compulsory insurance premium consists of seven parts: joining fee, management fee, indirect claim fee, turnover tax, insurance guarantee fund, reinsurance fee and social assistance fund for road traffic accidents, so compulsory insurance premium includes assistance fund, but it is different. The full name of compulsory insurance is compulsory liability insurance for motor vehicle traffic accidents, which is compulsory automobile insurance stipulated by the state. Social assistance fund is a cash gift from the government, social organizations, enterprises and institutions to individuals and families, which belongs to one-time or low-standard long-term insurance benefits.