Student or Learner
could you please tell me whether there is a difference between "national insurance" and "social insurance"?
Thank you very much.
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.