Social Security is a package of social insurance, where each insurance defines and meets the citizens’ needs in accordance with legislation outlining the obligations and rights, and sets up a balance between them.
Accordingly, Social Security is a general insurance symbiotic system that aims to protect people socially and economically where the law defines its benefits and funding sources; the government, through institutions or bodies established under this system, achieves these benefits in case of any social risk such as old-age, disability, death, work injuries, and unemployment. Such benefits are financed by contributions paid by insured persons and employers.