YEL Insurance
YEL Insurance from Truster
What is YEL — and why is it worth sorting out?
YEL, the entrepreneur's pension insurance, is a statutory insurance that also applies to light entrepreneurs and sole proprietors. It's not just a pension: your confirmed YEL income also determines the level of your sickness allowance, parental allowance and unemployment benefits. YEL is the foundation of an entrepreneur's entire social security — and it costs the same at every insurance company.
Truster works together with Ilmarinen: you submit your application directly in the Truster app, and we take care of the rest. As a light entrepreneur, your YEL payments can be deducted straight from your pay, so there are no separate invoices to remember. If you're transferring your insurance from another provider, you don't need to notify anyone — the information moves automatically between pension providers.
Do note, though: YEL is a personal insurance, so Truster can't take it out on your behalf automatically. You submit the application — we just make it so easy it fits into a coffee break.
How to get YEL insurance
- 01
Complete your profile
Fill in your basic details, verify your identity strongly with online banking credentials, and confirm the PEP declaration. If your profile is already in order, you'll move straight ahead.
- 02
Start your application
Select Get YEL insurance in the app and follow the instructions.
- 03
Choose your industry
Find the industry classification (TOL code) that best describes your business from the list — it may already be pre-filled based on your business details.
- 04
Add your income
Enter your estimated revenue — the calculator will suggest a matching YEL income amount.
- 05
Submit your application
Review the summary, accept the insurance terms and submit. We'll take care of the rest for you.
YEL insurance in seconds
Enter your estimated revenue — get an instant recommended income and monthly price.
Illustration: a user enters their estimated revenue into the YEL form and instantly receives a recommended YEL income figure along with a monthly price, shown at both the standard rate and with the new entrepreneur discount.
-22% for new entrepreneurs
When you take out YEL insurance for the first time, you get a 22% discount on the insurance premium for the first four years.
Payments straight from your pay
As a light entrepreneur, YEL payments can be handled directly through your payroll — no separate invoices to keep track of.
Transfer without paperwork
Switching providers? The information moves automatically between pension providers — you don't need to notify anyone.
Ilmarinen as our partner
Your application goes directly to Ilmarinen. YEL costs the same everywhere — ease of use is what makes the difference.
- Age
- 18–68 yrs
- Continuous self-employment
- ≥ 4 months
- Income (2026)
- ≥ €9,423.09/yr
- Place of residence
- Finland
Verified on 22 July 2026
What is YEL income?
YEL income isn't the same as your invoicing or your pay. It's an estimate of the monetary value of your work input over a year — in practice, the amount you'd pay someone else to do the same work. Your insurance premium and future pension are calculated from this income figure, and the same number also determines the level of your sickness and parental allowances.
The calculator in the app helps you choose the right level: enter your estimated revenue and get a recommended income figure along with a monthly price — both at the standard rate and with the new entrepreneur discount. You can update your income as your business grows or slows down.
Frequently asked questions about YEL insurance
Who is required to take out YEL insurance?
YEL is mandatory when all conditions are met: you're 18–68 years old, you've been self-employed continuously for at least four months, your estimated income exceeds €9,423.09/yr (2026), and you live in Finland. This means a light entrepreneur can also be required to have YEL.
How much does YEL insurance cost?
The premium is based on your confirmed YEL income and your age — and it's the same price at every insurance company. New entrepreneurs get a 22% discount for the first four years. The calculator in the app shows your monthly price instantly.
What is YEL income?
Income is an estimate of the monetary value of your work input over a year — not your invoicing or your pay. It's used to calculate your insurance premium, your pension, and the level of your sickness and parental allowances.
How do I take out YEL insurance?
Directly from the Truster app: select Get YEL insurance, choose your industry, enter your income with the help of the calculator, and submit your application. The application goes to Ilmarinen, so you don't need to deal with the pension provider separately.
Does Truster take out YEL insurance on my behalf?
No — YEL is a personal insurance, so you need to submit the application and activate it yourself. Truster makes applying easy and reminds you when YEL becomes relevant for you.
How do I cancel YEL insurance?
YEL is terminated when your entrepreneurial activity ends or you no longer meet the conditions for mandatory insurance. Contact the pension provider you took out the insurance with — it's a personal insurance.
Sort out your YEL today
The application takes just a few minutes in the app — and as a new entrepreneur, you get a 22% discount.