Social insurance policy

Social insurance policy involves government-established programs that provide financial support to individuals during life events such as illness, unemployment, disability, or retirement. Funded through mandatory contributions from workers and employers, these programs aim to ensure economic stability and reduce poverty by offering predictable income or services when individuals need them most. Examples include Social Security, unemployment insurance, and health coverage. The goal is to promote social safety nets, promote fairness, and improve overall community well-being by sharing risks across society.