When you transfer your TyEL insurance policy to Varma, we will pay the first client bonus in the spring of the year following the transfer. The bonuses are based on the previous year's insured wages and the size of the fund. They are therefore paid by the company where your company was insured in the previous year.
TyEL insurance transferred at the start of the year
If you have transferred your TyEL insurance to Varma, e.g., on 1 January 2023, we will pay the first client bonus in spring 2024. In 2023, your previous pension insurance company paid the client bonus which was based on the insurance contributions from 2022.
In addition, your previous pension insurance company will pay you client bonuses based on a transferred policy for three years after the transfer. The condition for receiving the bonus based on a transferred policy is that at least EUR 50,000 in insurance contributions has accumulated in the fund by the end of the year preceding the year of termination.
TyEL insurance transferred mid-year
If you transfer your TyEL insurance to Varma mid-year, you will receive a client bonus for the year of the transfer from both Varma and your previous insurance company. In addition, the previous company will pay you bonuses for two years after the insurance was transferred. Your previous pension insurance company will pay client bonuses and bonuses based on a transferred policy only if at least EUR 50,000 in insurance contributions has accumulated in the fund by the end of the year preceding the year of the transfer.