government insurance providing coverage for unemployed, injured, and old people: usually financed by contributions from employers and employees, as well as general government revenue
See also social security, national insurance, social assistance
social insurance in American English
any insurance program undertaken by a government to provide income or payments to persons who are unemployed, disabled, elderly, etc.
Examples of 'social insurance' in a sentence
social insurance
And we agree that national insurance needs to be rescued as the basis for a reformed social insurance system.
Times, Sunday Times (2014)
A system of social insurance could be the answer.
The Sun (2006)
A social insurance system allows us to see how much we are paying.
social insurance in British English