Take or transfer your TyEL insurance to Elo

We have consistently improved our efficiency, and in 2026 our average expense loading fee is the lowest in the entire pension insurance sector – read more

You will receive service wherever you are in Finland. We make handling your insurance and pension matters clear and effortless, so you can focus on your core business.

Just fill out the transfer application, and we'll take care of the rest!

You can transfer your TyEL insurance to us when it has been valid for at least one year with the previous company. The transfer application can also be made in advance, even before the year has passed.

Your TyEL insurance will be transferred according to the common schedule of employment pension insurers: 1 Jan, 1 Apr, 1 Jul or 1 Oct. The transfer will take place no earlier than three months after the termination of your current insurance.

1. Authenticate with online banking credentials or a mobile certificate.
2. Fill in the details and submit the application.
3. We will inform you when your insurance is transferred to Elo.
4. We will terminate your current insurance on your behalf.
5. We will provide your new insurance number about a month before the insurance starts so you can update it in the Incomes Register.

Transfer your insurance online 

The TyEL contribution consists of a basic contribution and a company-specific component (= expense loading fee – client bonuses – possible constancy and large-scale company discounts). The basic contribution, confirmed by the Ministry of Social Affairs and Health, is the same for all pension companies and forms the majority of the TyEL contribution.

The lowest expense loading fee in the sector in 2026

The expense loading fee is the component added to the basic contribution, which each employment pension insurer uses to cover operating costs that come from managing the insurance. We will continue to improve our efficiency, and our customers will benefit from it also in the years to come.

The calculation showing that our expense loading fee is the lowest in the pension insurance sector as of 1 January 2026 is our own estimate of the average TyEL contribution. Our estimate is based on the TyEL contribution principles of pension insurance companies and data from the Finnish Patent and Registration Office on the structure of Finnish companies.