Definition of social insurance in English:
A system of compulsory contribution to enable the provision of state assistance in sickness, unemployment, etc.
- 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:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia