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social insurance - 3 dictionary results

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
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.

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
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