YEL insurance is a mandatory insurance for entrepreneurs, as it forms the basis of their pension and social security. In fact, YEL is the most important insurance for entrepreneurs.

Every YEL payment you make builds up your pension for retirement and improves your overall social security.

YEL insurance also secures your income if you fall ill, lose your work ability, or take family leave. It also affects the amount of daily allowances paid by Kela, such as sickness allowance and unemployment benefits.

When you become an entrepreneur for the first time, you’ll receive a 22% discount on your YEL contributions for the first four years of your business.
Did you also know that YEL contributions are tax-deductible?

The cost of YEL insurance depends on several factors, such as your age, income, and whether you’re a first-time entrepreneur.
The easiest way to check your price is by using the YEL calculator.

You need YEL insurance if you:

• are between 18 and 67 years old

• work as an entrepreneur continuously for at least four months

• have annual YEL income of at least €9,208.43 in 2025

• work in your own business in Finland

It’s recommended to take out YEL insurance immediately, but at the latest within six months of starting your business.

YEL income is the monetary value of your work contribution. It is not your taxable income, your salary to yourself, your company’s profit, or sales revenue.
When estimating your YEL income, think of it this way: how much would you pay in annual salary to a professional with the same skills and experience as yourself?

YEL income affects both the amount of your YEL contributions and the size of your future pension. It also determines the benefits paid by Kela, such as sickness and parental allowances. In addition, it impacts your unemployment security and the level of any voluntary accident insurance.

Because YEL income affects many important things, it’s worth estimating it carefully.

You can get YEL insurance easily through Kletta’s partner Ilmarinen.
Transferring your insurance to Ilmarinen is simple—just fill out the application, and Ilmarinen will handle the termination with your previous provider.
The price of YEL insurance stays the same as with your previous company.

Ilmarinen is Finland’s largest and oldest pension insurance company, responsible for the pension security of over one million Finns.

Ilmarinen’s main task is to take care of pension security and pension funds so that you can look to the future with confidence and hope.

Transferring your insurance to Ilmarinen is easy—just submit an application and Ilmarinen will handle the termination with your previous provider.