General characteristics of the mandatory social insurance

Abstract

In the state the general characteristic of compulsory social insurance. And also consider recent developments
and shortcomings of social insurance. Social insurance – a system of social security, whose mission – to
ensure the constitutional rights of economically active citizens to maintenance in old age, in case of illness.
Compulsory social security – part of the state system of social protection. The task today is to build a social
security system that could quickly and raise living standards.
Keywords: insurance, compulsory insurance, insurance relations, insurance companies.