Take out insurance with Varma

You need YEL insurance if

• you are between the ages of 18 and 69
• you work in your own company or as a light entrepreneur
• your self-employed activities continue for a minimum of four months and
• your YEL income, i.e. the value of your work input, is at least EUR 9,423.09 in 2026.

If your self-employed activities last less than four months, or if the value of your work input is low (less than EUR 785 per month in 2026), you do not need YEL insurance.

Read more about the YEL insurance obligation

The price of YEL insurance depends on your YEL income. The YEL insurance contribution is a percentage of your YEL income. In 2026, the contribution percentage for YEL insurance is 24.40%.

As an entrepreneur just starting out, you automatically get a discount of 22% on your YEL insurance contributions for the first four years.

The YEL insurance contributions are fully tax deductible.

Try the YEL calculator to see how your YEL income affects YEL contributions

Take out YEL insurance starting on the day when your work actually begins (e.g. the first workday, when the first billable job begins or when your entrepreneurial activities start).

Your entrepreneurial activities have to be extensive enough so that your YEL income is at least EUR 785 per month, i.e. EUR 9,423.09 per year (2026).

The starting date of the insurance is not necessarily always the same as your company’s registration date if you do not begin working then.

Read more about the YEL insurance obligation

YEL insurance secures your pension and social security benefits.

YEL insurance covers:

• falling ill
• vocational rehabilitation and disability
• a birth in the family
• unemployment
• retirement

Calculate the impact of YEL income on your social security and pension using our YEL calculator

As an employer, you need TyEL insurance if

• your employee is in an employment relationship
• your employee has turned 17 and
• the employee is paid wages of at least EUR 71.72 per month in 2026.

You also need TyEL insurance if you are a private person and you hire, for example, a childminder, renovator, cleaner or gardener.

The earnings-related pension contribution for TyEL insurance is based on the salary or wages you pay your employees.

In 2026, the TyEL basic contribution for employers with an insurance contract is 24.85% of the employees’ wages, and a pension company-specific administrative cost contribution is added to it.

You receive an annual discount on the TyEL contribution in the form of client bonuses. Varma is the most solvent earnings-related pension company, which means that we pay the best client bonuses.

Read more about TyEL contributions

Our TyEL insurance contribution payment methods are the immediate invoice and the consolidated invoice.

The immediate invoice is a good option if salaries and wages are paid once a month. We will send the invoice immediately when we receive the earnings data from the Incomes Register.

The consolidated invoice is the most sensible invoicing method if salary or wages are paid several times during one month. We send the invoice once a month for earnings data reported during a one-month period.

TyEL insurance secures your employee’s income in various situations:

• Old-age pension secures their income for the rest of their lives, after their career ends.
• Partial old-age pension can offer them flexibility towards the end of their career.
• Vocational rehabilitation can support continuing in working life when an employee’s work ability has weakened due to illness.
• Disability pension secures the employee’s income in the event of long-term illness.
• Survivors’ pension secures the livelihood of the surviving spouse and children after the death of the deceased.