social insurance

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

Origin:
1915–20

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Based on the Random House Dictionary, © Random House, Inc. 2013.
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World English Dictionary
social insurance
 
n
social security national insurance See also social assistance government insurance providing coverage for the unemployed, the injured, the old, etc: usually financed by contributions from employers and employees, as well as general government revenue

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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00:10
Social insurance is always a great word to know.
So is bezoar. Does it mean:
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
Example sentences
There are many other models of health care provision, many based on various
  forms of social insurance, that you should look at.
Exactly what the enemies of social insurance would wish you to believe.
High levels of growth and technical invention are the best social insurance,
  period.
But health insurance is considered social insurance.
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