Overview

The purpose of social security is to alleviate the economic and emotional hardships that many people face due to life events such as unemployment, the loss of a primary breadwinner, illness, childbirth, and old age. Employees and their families can benefit from the social security plan in a number of ways, including receiving payments upon retirement, medical disability, or death. The United Nations Declaration of Human Rights from 1948 confirms this basic tenet of human worth. One's right to live with dignity is guaranteed by Article 21 of India's Constitution. One must have access to adequate nutrition, clothing, and shelter in order to lead a dignified life. Health issues necessitate financial stability as well. It is widely believed that the most vulnerable members of society only need a reliable source of income, so most social security programs are geared toward that end.

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