Definition of social insurance
: protection of the individual against economic hazards (as unemployment, old age, or disability) in which the government participates or enforces the participation of employers and affected individuals
First Known Use of social insurance
Legal Definition of social insurance
: insurance of the individual against certain hazards (as unemployment, old age, and disability) that is undertaken, facilitated, or enforced by government
Learn More about social insurance
Britannica.com: Encyclopedia article about "social insurance"
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