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Old 22-Nov-2006, 10:26
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Default national insurance

Hi,

could you please tell me whether there is a difference between "national insurance" and "social insurance"?

Thank you very much.

Hanka
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Old 22-Nov-2006, 11:07
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Lightbulb Re: national insurance

Hi Hanka ,

Here are the definitions of national and social insurance.

National Insurance :
It isbased on contributions from employers and employees; provides payments to unemployed and sick and retired people as well as medical services.

Social Insurance :
Government provision for unemployed or injured or aged; financed by contributions from employers and employees as well as by government revenue

Basically National Insurance is a kind of Social insurance.
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