EPFO 2015 English Medium Solved Paper

Private insurance programmes are generally designed with greater emphasis on equity between individual purchasers of coverage, and social insurance programmers generally place a greater emphasis on the social adequacy of benefits for all participants. Major differences are

Private Insurance Programmers	Social Insurance Programmers
Adequacy	Equity
Voluntary	Mandatory
Contractual Rights	Statutory Rights
Self Premium Payments	Payments by some scheme - EPF,through Government's Bonus.