public insurance
Insurance operated by a public entity, such as national health insurance or public pension plans.
Public insurance is an important system that supports people's lives.
社会保険 (social insurance) is a broader category that includes public insurance, but also encompasses employer-based and other mandatory schemes.
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).