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Meaning of “social insurance” in the English Dictionary

"social insurance" in British English

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social insurancenoun [U]

uk   /ˌsəʊ.ʃəl ɪnˈʃɔː.rəns/  us   /ˌsoʊ.ʃəl ɪnˈʃɔːr.əns/
(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)
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