What is Social Insurance??

• The aim is to protect individuals who cannot afford topay premiums.
• These types of insurance policies are oftenly promoted by government.
• It provides benefits like pension, disability Insurance,Survivor Benefits and unemployment.

• In US, Social Insurance schemes are:

1. Social Security
2. Medicare
3. The PBGC program
4. Railroad retirement program
5. Unemployment Benefits
6. Industrial Insurance

For more information http://www.ssa.gov/

• In India,

1. Social Security and insurance, employment and unemployment
2. Welfare of Labour including conditions of work, provident funds, employers’ liability, workmen’s compensation, invalidity and old age pension and maternity benefits
3. for physicallly handicapped persons:ESIC and EPFO

For more information http://labour.nic.in/ss/welcome.html