Get your statutory earnings‑related pension insurance with us
Get your pension insurance in place in just a few minutes – simply and stress‑free. With Ilmarinen, you have a trusted partner by your side. Our service is highly rated, and our business customers have ranked us among the best in the industry.
We have the most satisfied customers in the industry
According to the latest EPSI rating survey, our business customers are the most satisfied in Finland. In independent comparisons, customers rate us as the most reliable provider and feel they get excellent value for their money.
When everything works as it should, there’s simply no need to look elsewhere.
YEL or TyEL insurance?
YEL insurance for entrepreneurs
As an entrepreneur, you are responsible for your own social security by taking out entrepreneur’s pension insurance (YEL).
YEL insurance builds your pension and secures your income if you fall ill, lose your ability to work, or take family leave.
You get 22% discount on YEL contributions when your YEL insurance has been valid less than 48 months.
TyEL insurance for employees
As an employer, you are responsible for your employees’ social security by taking out employee pension insurance (TyEL).
In addition to pension coverage, TyEL insurance provides financial security in the event of disability or the death of a family provider, and enables access to vocational rehabilitation.
YEL insurance is truly about protecting you as an entrepreneur
When you pay YEL contributions, you build your own pension and secure strong social security for yourself. The level of your YEL income directly affects how much sickness allowance you receive if you fall ill, or how much parental allowance you get when you take time off to care for your child.
So YEL insurance is not just about old age. It also safeguards your income earlier on, in case of disability or the death of a family provider. Your YEL income also determines your earnings-related unemployment allowance, if you are a member of an entrepreneurs’ unemployment fund.
You need YEL insurance if:
- You are an entrepreneur aged 18–68,
- you work in your own business in Finland,
- your business activity lasts at least 4 months, and
- your YEL income is at least €9,423.09 in 2026.
TyEL insurance secures your employees
TyEL insurance is an earnings-related pension insurance in accordance with the Employees’ Pensions Act (TyEL). Because it is the employee’s pension security, TyEL insurance is statutory – in other words, mandatory. With TyEL insurance, you make sure your employee receives the pension they earn through their work. Every salary you pay contributes to your employee’s future pension.
In addition to pension cover, employer’s earnings-related pension insurance secures your employee’s income in the event of disability or the death of a family provider, and enables access to vocational rehabilitation.
You must insure your employee when:
- They are in an employment relationship,
- they are at least 17 years old, and
- you pay them wages of at least €71.72 per month in 2026
Take out TyEL insurance no later than the day before you report wage information to the Incomes Register.The same conditions also apply to household employers – for example, private individuals who hire a renovator or a childcare provider for their home.
See what entrepreneurs say about us
4.6
Based on 332 reviews from customers who completed the insurance application
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A perfect 10 overall. You really know what customer service means.
– New entrepreneur customer
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Flexibility was found by taking the customer’s situation into account – which is crucial for small entrepreneurs.
– Entrepreneur customer
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Friendly and competent customer service – thank you!
– Entrepreneur customer