SOCIAL INSURANCE Definition & Meaning

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social insurance

any of various forms of insurance in which a government is an insurer, especially such insurance that provides assistance to disabled or unemployed workers and to aged persons.

social insurance

government insurance providing coverage for the unemployed, the injured, the old, etc: usually financed by contributions from employers and employees, as well as general government revenue See also social security national insurance social assistance

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�y��vlog History and Origins

Origin of social insurance¹

First recorded in 1915–20

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Example Sentences

Examples have not been reviewed.

Democrats want to expand the welfare state so that our social insurance system would look more like Europe’s.

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Supporters of the long-term care program, a form of social insurance similar to Social Security, say that making the 0.58% payroll tax optional would in effect kill the program, known as WA Cares.

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The report outlines how social insurance coverage is low among gig workers globally.

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Failure to lift the ceiling could see the US suspend its social insurance payments and the salaries of federal and military employees.

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Options under consideration in Japan include selling more government bonds, which means increasing its debt, raising its sales tax or increasing social insurance premiums.

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