Social Insurance
Social insurance programs mitigate risks by providing income support
in the event of illness, disability, work injury, maternity, unemployment,
old age, and death.
Programs include
- unemployment insurance to deal with frictional or structural
unemployment
- work injury insurance to compensate workers for work-related
injuries or diseases
- disability and invalidity insurance, linked to old-age
pensions, to cover for full or partial disability
- sickness and health insurance to protect workers from
diseases
- maternity insurance to provide benefits to mothers during
pregnancy and post delivery
- old-age insurance to provide income support after retirement
- life and survivor insurance to ensure that dependents
are compensated for the loss of the breadwinner
______________________________
See ADB Social Protection
Projects, 1997-2003: Social Insurance for a list of ADB projects
with social insurance components.
 |