Question

insaurance provide social security di you withthis statement​

Answer 1

Explanation:

Social insurance is a concept where the government intervenes in the insurance market to ensure that a group of individuals are insured or protected against the risk of any emergencies that lead to financial problems. This is done through a process where individuals' claims are partly dependent on their contributions, which can be considered as insurance premium to create a common fund out of which the individuals are then paid benefits in the future.[1] Thus, social insurance is also a concept based inherently on the work done by the Individual over his life and how they will ultimately benefit from this