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What are labor insurance and social insurance?
Labor insurance overall planning is the abbreviation of labor insurance overall planning, which refers to the overall planning of state-owned enterprises and institutions in the past. The scope is small, limited to state-owned enterprises or collective enterprises and institutions, and there is no socialized distribution. All units shall bear the insurance expenses themselves. With the expansion of the scope of overall planning, the coverage has gradually expanded to the whole society, and socialized distribution is called social insurance overall planning. Now, social insurance has replaced labor insurance as a whole.

The biggest difference is that the original cost of labor insurance co-ordination is borne by enterprises, while the current social insurance system is borne by enterprises and individuals; The original labor insurance system was limited to the benefits that employees of state-owned enterprises can enjoy, but the current social security system covers all workers.