The difference and nature between current social insurance and commercial insurance Social insurance is the basis of security. Under the guidance of the policies formulated by the state, the state or local governments stipulate that citizens must pay certain insurance premiums through legislation and other means, and form an insurance fund pool. The insurance funds in this insurance fund pool are used to pay insurance premiums for individuals due to aging, disease, childbirth Members of society who have lost their basic ability to work or lost their original job opportunities due to death, injury, unemployment, etc