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social insurance

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social insurance

–noun
any of various forms of insurance in which a government is an insurer, esp. such insurance that provides assistance to disabled or unemployed workers and to aged persons.

Origin:
1915–20
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2010.
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GEICO Car Insurance
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Insurance Economic
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social insurance  
n.  An insurance program carried out or mandated by a government to provide economic assistance to the unemployed, the elderly, or the disabled.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Legal Dictionary

Main Entry: social insurance
Function: noun
: insurance of the individual against certain hazards (as unemployment, old age, and disability) that is undertaken, facilitated, or enforced by government as a social policy
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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