YEL is the most important insurance for the self-employed
Choose your YEL partner with care. With Ilmarinen, doing business is easy and your pension cover is guaranteed. We are here for you.
The YEL calculator gives you an estimate of your insurance contribution and the level of your pension and social security.
Go to the YEL calculatorYEL insurance secures your life and that of your family
Self-employed person’s pension insurance (YEL) is the basis for an entrepreneur’s pension and social security. Your pension, social security benefits and YEL contributions will be calculated based on the YEL income you have estimated. The YEL insurance secures your income in the event of old age, disability or the death of a family provider. YEL also determines the size of the allowances paid by Kela, if you fall ill or take parental leave, for example.
Pension insurance for the self-employed
As an entrepreneur you take care of your own pension cover. You take care of it by taking out self-employed person’s pension insurance, i.e. YEL insurance.
Read more about YEL insuranceHandle insurance matters online
In our online service, you can take care of all your insurance matters when it best suits you.
Read more about what you can do in our online serviceAre you hiring an employee?
As an employer, you are also responsible for your employee’s pension cover.
Read more about insuring an employeeThe YEL contribution is based on your YEL income
The size of the YEL contribution will be determined based on your YEL income. YEL income is an estimate of the monetary value of your work. YEL contributions are fully tax-deductible.
If you are a first-time entrepreneur, you get a 22 per cent discount on your YEL contribution for four years.
Vocational rehabilitation for the self-employed
You can apply for vocational rehabilitation if your health has weakened and impedes your work. Rehabilitation allows you to adapt your business operations to better suit your health and continue to work as an entrepreneur. Rehabilitation can also help you become self-employed.
Take a look at the vocational rehabilitation options
Do you have questions regarding taking out an insurance?
Call our insurance sales team at +358 10 284 2385 from Monday to Friday between 8 a.m. and 4 p.m.