Many entrepreneurs may be familiar with the term YEL insurance, but what exactly does it cover and why is it necessary?
The YEL, or Self-Employed Persons' Pension Insurance, is a statutory and therefore compulsory insurance. It is a way of building up an occupational pension for the future and provides security during periods such as illness, parental leave or unemployment.
Is a sole trader liable for YEL?
Yes, a self-employed person is also liable for YEL if the entrepreneur meets the following conditions:
- You are between 18 and 68 years old
- You have been self-employed for at least four months continuously
- Earnings of at least €9 208,43 per year (in 2025)
- Living in Finland
How do I get YEL insurance?
We work closely with the pension insurance company Elo to offer the best service to our entrepreneurs, also for YEL insurance. This makes taking out and managing your insurance through Truster easy and hassle-free.
- Go to this address and click on 'Get YEL insurance'.
- Authenticate with a mobile certificate or online banking credentials.
- Fill in the requested information.
- Truster is informed that you took out YEL insurance through Elo.
- Truster deduct YEL insurance from your salary.
Truster will take care of everything for you regarding your YEL insurance. Don't stress about paying the bills, we'll pay them directly from your salary. If you already have YEL insurance but want us to handle the payments for you, you can transfer the insurance to Truster.
Get YEL insurance from Truster in minutes!
Guide to obtaining YEL insurance
PS. Did you know that a new entrepreneur is entitled to a 22% discount on the insurance price for the first four years?