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 of social insurance

First recorded in 1915–20

British Dictionary definitions for social insurance

social insurance

noun

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 See also social security, national insurance, social assistance