Life is unpredictable, so do not make any compromises when it comes to what matters most; namely, the social security of your family and yourself.
Your YEL insurance guarantees an income in case you fall ill or become disabled or unemployed. But it also plays a role in terms of positive events during your life, such as parental leaves and retirement with old-age pension.
The YEL insurance is the foundation for the benefits payable to you by your pension insurer or Kela (the Social Insurance Institution of Finland).
Kela
- Sickness allowance
- Maternity or parental allowance
- Unemployment allowance
Pension Insurer
- Rehabilitation benefit
- Old-age pension
- Sickness allowance
- Partial early old-age pension
- Survivors’ pension
In case of illness, entrepreneurs are subject to a one-day waiting period before receiving sickness allowance. Read more at Kela’s website.
