National Social Insurance Programs

National Social Insurance Programs are government-run systems designed to provide financial support and social protections to individuals during significant life events, such as retirement, disability, illness, or unemployment. Funded through payroll taxes or contributions from workers and employers, these programs aim to ensure a basic level of income and care, reducing poverty and financial hardship. Examples include pension plans, health insurance, and unemployment benefits. They promote social stability by helping communities manage risks associated with health and economic fluctuations, fostering overall societal well-being through collective support.