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social insurance

Syllabification: so·cial in·sur·ance

Definition of social insurance in English:

noun

A system of compulsory contribution to provide government assistance in sickness, unemployment, etc.
Example sentences
  • It must be remembered that social security was designed as social insurance for exactly these workers.
  • The idea of social insurance against risk is quite compatible with a dynamic, free-market economy.
  • He added that related mechanisms, such as social insurance and unemployment benefits are also being strengthened to build a comprehensive job-safety net.

Definition of social insurance in:

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