Do I need YEL insurance?

Using the test on this page, you can find out if you need YEL insurance. If you answer ‘yes’ to all five conditions in the test, you most likely need YEL insurance.

  1. 1/5 Are you between the age of 18 and 67?

  1. 2/5 Do you work in your own company?

  1. 3/5 Will you work as a self-employed person for at least four consecutive months?

  1. 4/5 Do you live in Finland?

  1. 5/5 YEL income: is the value of your work input at least EUR 9,010.28 per year in 2024 (EUR 8,575.45 per year in 2023)? Your YEL income should, at minimum, correspond to a salary that would be paid in your sector to a person who has the same professional skills as you during one year.

Did you answer each question with a ‘yes’?

If you answered ‘yes’ to each question you most likely need YEL insurance. We have put together for entrepreneurs a comprehensive package of information on YEL insurance, the security and benefits it offers and instructions for taking out insurance. You can also order the guide for new entrepreneurs free of charge to your email. The guide features all the information you need on YEL insurance.

Go read our information for new entrepreneurs

Read about the reduction for new entrepreneurs

Order the guide for new entrepreneurs

Did you answer ‘no’ to one or more of the questions?

You may not need to take out YEL insurance. We recommend that you read more about the obligation to take out YEL insurance on our page “Who is YEL insurance for and when?“, where you can find more detailed information on YEL insurance.

If you have any questions, our customer service is available at the number +358 10 195 083 (mobile call charge/local network charge) Mon-Fri, from 8 am to 5 pm.

  1. Part-time entrepreneur and YEL insurance

    If you work as a part-time entrepreneur alongside your salaried employment, you need to insure your self-employed work by taking out YEL insurance. Your employer insures your salaried employment with TyEL insurance.

    Read more about YEL insurance for a part-time entrepreneur

  2. Light entrepreneur

    As a light entrepreneur, you do not necessarily have your own company or a business ID. You may still need YEL insurance.

    Read more about insuring a light entrepreneur

  3. YEL insurance is the basis for an entrepreneur’s pension and social security

    The YEL insurance secures your income in the event of old age, disability and 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.

    Read more about pension and social security for the self-employed

  4. The YEL contribution is based on your YEL income

    The YEL contribution is a percentage of your YEL income. The size of the contribution is also affected by your age, your possible discount for new entrepreneurs and the due months of your contributions.

    Read more about the YEL income and how it is estimated

  5. Are you hiring your first employee?

    When you hire an employee, you also need to take care of your employee’s pension cover. This means you need to take out TyEL insurance.

    Read more about hiring your first employee