Policy and Revelation of Social Insurance Individual Payment Relief in Britain, Japan and South Korea

The individual payment relief policies of social insurance in Britain include the policy of national endowment insurance regarded as payment, the policy of the payment accounted for national insurance, the policy of the national basic pension system reducing the capture to expend fixed number of year of the qualification and the policy of the government special input for the national endowment insurance fund. The social insurance payment relief policies in Japan include the payment relief of the national pension, the welfare pension, the health insurance and the care insurance. South Korea's social insurance payment relief policies include the national pension payment relief policy and the national health insurance payment relief policy. The characteristics of social insurance payment relief policies in these three countries are reflected in development trend, diversified forms and purposes of payment relief policy and role of income distribution, which have implications for the domestic construction of social security. China should establish a unified low-income groups social insurance individual payment relief and compensation mechanism, a migrant workers attending urban social insurance payment relief and compensation mechanism, and the regulation of endowment insurance individual payment relief and subsidies should be written in the Social Insurance Law of the People's Republic of China.