Definition of social insurance in English:

social insurance

Line breaks: so¦cial in¦sur|ance

noun

[mass noun]
  • A system of compulsory contribution to enable the provision of state assistance in sickness, unemployment, etc..
    More 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.

More definitions of social insurance

Definition of social insurance in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day kerf
Pronunciation: kərf
noun
a slit made by cutting with a saw