social insurance

noun2

1. •
   Government-mandated provision for the unemployed, injured, disabled, or aged, typically funded by a combination of government spending, individual contributions, and employer contributions.

   • Panama unified all social insurances in the 1970s and began a process of integration with the public sector that was later halted. — 2008
2. •
   Any insurance run by a government to cover all citizens, including the aforementioned types as well as health insurance of social type (socialized medicine).