Basic knowledge of social insurance system

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Basic knowledge of social insurance system

What is the social insurance system?

It is a system of social security and public insurance system. It is a mechanism to provide services for people to prepare for money (insurance premiums) in advance in preparation for risks of life (accident) such as diseases, aging, unemployment, occupational accidents, nursing care, etc., and those who are actually afflicted by the risks are receive necessary money.

In other words, social insurance is a system that takes care of people in the form of insurance benefits when "they fall into a situation where they can not work".

Types of social insurance in Japan

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