social insurance meaning
UK /ˈsəʊʃəl ɪnˈʃɔːrəns/ US /ˈsoʊʃəl ˌɪnˈʃʊrəns/ 5 syllables
social insurance (noun): government provision for unemployed, injured, or aged people; financed by contributions from employers and employees as well as by government revenue.
Definition of social insurance
- government provision for unemployed, injured, or aged people; financed by contributions from employers and employees as well as by government revenue
Type of: social welfare
Kinds: national insurance, supplementary benefit, Social Security, unemployment compensation, disability insurance, health care
How to pronounce social insurance
social insurance is pronounced /ˈsəʊʃəl ɪnˈʃɔːrəns/ in British English and /ˈsoʊʃəl ˌɪnˈʃʊrəns/ in American English. It has 5 syllables.
More about social insurance on Wikipedia.