Question

Which form of government insurance provides assistance to people who cannot work due to age or disability?

Answer 1

It is the government's responsibility to provide its people with basic necessities. The government provides financial, social and physical help and care to people who cannot work due to certain reasons.  

The benefits that are given to people with old age or disability are under the social security benefits. Under this, short and long term medical care is provided and an allowance is given to people who are unable to work.

 

Answer 2

Social Insurance

Explanation:

• Social Insurance is the term which is defined as the concept where the government intercede in the insurance market in order to ensure that the individual groups are insured or protected against the risk of any kind of emergencies in relation to financial problems.
• The protection of the social insurance is provided or offered to the individual against economic hazards like disability, unemployment and old age, in which the government got involved and provide assistance to people.

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