Meaning of “social insurance” in the English Dictionary


"social insurance" in English

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(Definition of “social insurance” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"social insurance" in Business English

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social insurancenoun [ U ]

uk us

GOVERNMENT, ECONOMICS money that employers and employees pay to the government so that people receive money when they are not able to work because of age, illness, etc.:

In most countries, public finance, whether from taxes or from social insurance, is likely to predominate in health care.

(Definition of “social insurance” from the Cambridge Business English Dictionary © Cambridge University Press)