Take YEL-insurance

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We welcome you to become an Elo customer

Elo knows that you have enough to do and think about on a daily basis, even without employment pension issues. That’s why Elo endeavours to make the handling of your pension matters as easy, fast and flexible as possible. We handle all matters with a personal touch.

One third of all Finnish companies and more than 40% of self-employed persons in Finland have chosen Elo to manage their pension insurance needs. We welcome you to become a customer of Elo, a service-oriented employment pension company with a positive approach!

TyEL insurance is easy to get by simply completing an online application form. 


Transfer your YEL insurance to Elo

Even if you already have a valid YEL insurance policy in another pension insurance company, you can choose to transfer that insurance to Elo. Insurance transfers are possible on a quarterly basis. However, the insurance must have been valid in the previous company for a minimum of one year prior to the transfer to the new company.

Elo will handle the termination of the insurance policy with your previous company on your behalf. The termination must be done in writing no later than three months before the desired date of transfer. The insurance can be terminated to end on the last day of March, June, September or December.

Insurance transfers and new insurance applications are also possible through our partners, Fennia, LocalTapiola and Turva.

When do you need YEL insurance?

You need to take YEL pension insurance within six (6) months from the date on which you initiated entrepreneurial activities.

The insurance ensures the accrual of payable pension for your future retirement and provides financial security in case of disability or unemployment. It also safeguards your family’s livelihood by providing survivors’ pension security and affects your social security as regards, for example, the sickness and parental allowances granted by Kela.

The insurance can be taken retroactively for the current and three (3) previous calendar years. It is, however, wise to take the insurance within the initial six (6) months, since a policy initiated at a later point may result in an increased payment for the period of delay.

If you are unsure as to whether you need to have YEL insurance, please contact our Customer Service and we’ll help you to clarify your situation. We are available weekdays from 8 a.m.–4.30 p.m. at +358 (0)20 694 730.

Read more about YEL insurance >

Elo is here to help and support you

Elo's Online Service is always available for you to use whenever it's most convenient for you. For TyEL and YEL insurance matters, please call us at +358 (0)20 694 730 (weekdays 8 a.m.-4:30 p.m)