What is the function of social insurance?

First, social insurance can play the role of social stabilizer. The old, weak, sick, disabled, pregnant and disabled members of society are inevitable objective phenomena in any era and under any social system. Social insurance is to give appropriate compensation to members of society when they encounter this situation, to ensure their basic living standards and to prevent the emergence of unstable factors.

Second, social insurance is conducive to ensuring the smooth reproduction of social labor. Laborers will inevitably encounter all kinds of accidents in the process of labor, resulting in the pause of labor reproduction. Social insurance is to give necessary economic compensation and living security to workers when they encounter the above-mentioned risk accidents, so that the labor force can be restored.

Third, social insurance is conducive to achieving social equity. Due to the difference of people's education level and labor ability, the income gap will be caused. Social insurance can collect insurance funds through compulsory collection of insurance premiums, subsidize low-income workers or those who have lost their sources of income, improve their living standards, and achieve fair distribution of society to a certain extent.

Fourth, social insurance is conducive to promoting social progress. Insurance has the characteristics of mutual assistance, and social insurance can better reflect the spirit of mutual assistance and cooperation.

Extended data:

1, guarantee the basic life. Protecting citizens' basic life is the premise of social stability and economic development, and it is also the core function of social security. It is not only the need of economic development and social stability, but also the important content of human rights protection and the embodiment of social progress for the state to establish a social security system that guarantees citizens' basic livelihood and relieves workers' worries.

2. Maintain social stability. The fundamental reason why capitalist countries want to establish a social security system in the19th century is to consolidate the capitalist mode of production, ease class contradictions, and safeguard the rule of bourgeois regime and social stability. So social security is the result of the long-term struggle of the working class.

3. Promote economic development. First of all, social security can adjust the total social demand and stabilize economic fluctuations. When the economy is in recession, the unemployment rate is rising, and people's living standards are declining, unemployment insurance and social relief are helpful to improve social purchasing power, stimulate effective demand and promote economic recovery; When the economy rises and the unemployment rate falls, the social security expenditure will be reduced accordingly, so that the immediate total social demand will not be excessively inflated.

4. Maintain social equity. Social security is an important means to maintain social equity in market economy countries, and its role is mainly manifested in two aspects:

First, by ensuring the basic livelihood of all social members, the inequality of opportunities caused by unexpected disasters, unemployment, diseases and other factors in the process of social development can be eliminated to a certain extent, so that social members can participate in fair competition in the market without worries;

The second is to realize the redistribution of national income, narrow the gap between the rich and the poor and reduce the unfairness of social distribution results by taking risks among all members of society.

5. Improve national welfare. The original meaning of social security is "helping the poor" and "preventing poverty", that is, ensuring that all members of society can enjoy the minimum living standard.

Baidu encyclopedia-social insurance