To put it simply, because the population base of China is too large, the so-called social security can only be popularized, but the amount is limited.

An inappropriate example is that you can't starve to death, but you can't eat enough.

Commercial insurance is a supplement to social security. Individuals can purchase corresponding commercial insurance through their own economic conditions.

There is no conflict between the two. Take medical insurance and old-age care for example, we can easily find the result that the country is under great pressure and even many regions and hospitals are in deficit from the Internet. With the aging of the country's population, the importance of commercial insurance is increasingly reflected.

This is also the reason why the country is now vigorously promoting the establishment of insurance companies and calling for joining the insurance industry.

From a medical point of view, many serious diseases can actually be cured, but it is because of lack of money that one tragedy after another has occurred. If something happens to one person, the whole family and even relatives and friends will be implicated. If there is enough commercial insurance, then whether people can come back or not is a guarantee for the family.

In terms of pension, you can only get a pension if you have paid at least 15 years of pension. When will you retire? I wonder how much I can get from retirement? I don't know, either. Moreover, once he died unexpectedly just after retirement, he could only receive his own pension, and the company's commitment to that part was regarded as a contribution to the country.

For commercial insurance, the time and amount of collection can be set according to everyone's actual situation. If you die unfortunately, there will be some insurance compensation.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.