Question

What is your social security

Answer 1

Answer:

Social security program comprises of several schemes which are run by the government of India in favor of employers.

Explanation:

the Employees' Provident Fund Organization (EPFO) and the Employees' State Insurance Corporation (ESIC) are the two basis social security programs run by India. These programs contribute in assisting the lump sum funds for the employers which gets deducted from their salary at the time of their employment. These funds are accumulated and paid in total when employ get retired which helps in building corpus Government also provide interest for the money at the of their accumulation. Insurance sector in India also comes under social security program where people can enjoy benefits for paying the premium.