what is Mandatory insurance

About the meaning of Mandatory insurance.

Social security is a guarantee of risks that may arise from illness, childbirth, disability or repeated deaths, also helping children, aging and unemployment. Therefore, social security is a way to create a guarantee of living in a group of income members. And pay contributions to the social security fund Which if an event occurs, the insurer will receive Medical expenses to replace lost income Or social security, unemployment for people who do not have a job.