公こう営えい保ほ険けん

Meanings

1

noun

public insurance

Insurance operated by a public entity, such as national health insurance or public pension plans.

precipitous, inaccessible place, impregnable position

社しゃ会かい保ほ険けん
社会保険 (social insurance) is a broader category that includes public insurance, but also encompasses employer-based and other mandatory schemes.
民みん間かん保ほ険けん
民間保険 (private insurance) is offered by private companies, in contrast to public insurance.

Compound of 公営 (publicly operated) and 保険 (insurance).