Social insurance is a concept where the government intervenes in the insurance market to ensure that a group of individuals are insured or protected against the risk of any emergencies that lead to financial problems. This is done through a process where individuals' claims are partly dependent on their contributions, which can be considered as insurance premium to create a common fund out of which the individuals are then paid benefits in the future.
This article may be unbalanced towards certain viewpoints. (July 2020)
The examples and perspective in this article may not represent a worldwide view of the subject. (July 2020)
Examples of social insurance include: