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Chopra
Definition:
According to ILO “Social Security” is the
protection which society provides for its
members through a series of public measures
against economic and social distress that
otherwise would be caused by the substantial
stoppage of earning from:
Sickness
Maternity
Injury
Unemployment
Old age and
Death
All social security schemes can be broadly
classified into 2 types:
1. Social assistance
2. Social insurance.
According to the Social Security (Minimum
Standards) (Convention No: 102) adopted by
the ILO in 1952, the following are the 9
components of social security that defines
the scope:-
1. Medical care
2. Sickness benefit
3. Unemployment benefit due to:-
(i) Sickness,
(ii) Industrial accident,
4. Old age benefit
5. Employment injury benefit
6. Family benefit
7. Maternity benefit
8. Invalidity benefit and
9. Survival benefit
Sl Social assistance Social insurance
No