| Lexeme: |
social insurance
Inferred
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| Definition: |
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noun. Social insurance refers to a government program that provides protection and financial support to individuals and families during various life circumstances. It aims to mitigate financial risks associated with events such as unemployment, disability, illness, old age, and death. Through mandated contributions from both employees and employers, the social insurance system builds a pool of funds that can be used to provide benefits or support during times of need. Examples of social insurance programs include unemployment benefits, disability benefits, retirement pensions, and healthcare coverage. The goal of social insurance is to ensure a basic level of economic security and promote social welfare within a society. GPT3.5
Word Forms:
- noun.
social insurance (singular),
social insurances (plural)
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