Varma is a solvent company and thus a safe choice. Varma’s extensive services, provided through various channels, make attending to insurance matters easy.
We have made taking care of insurance matters easy for our customers: everything can be handled conveniently online. Entrepreneurs can, for example, print out insurance-related certificates to be attached to an offer.
We also offer detailed advice by phone and via our chat service, in questions relating to, for example, the Entrepreneur’s Calculator or filling in an insurance application. The chat function has been expanded since the end of 2015, upon request by our customers.
Varma’s headquarters are located in Salmisaari, Helsinki, and our network of account managers covers nearly the entire nation. For our self-employed clients and small client companies, we offer a comprehensive service network with our co-operation partners, If P&C Insurance and Nordea Bank.
We offer several service channels according to customer needs
In spring 2015, Varma mobiili, a mobile phone application for entrepreneurs and small businesses, was introduced. In the app you can change your earned income information and see how changes in earned income affect pension accrual and insurance contributions. You can also order an earnings certificate and certificates to be attached to an offer via the app.
Entrepreneur’s confirmed income provides insurance for life
Confirmed income, set at the right level, is an entrepreneur’s insurance for the future. In addition to future pension, it also affects the amount of all other social benefits: unemployment allowance, daily sickness allowance and parental allowance, as well as the amount of disability and survivors’ pension.
The Varma mobiili app and Entrepreneur’s Calculator can be used to see how changes in confirmed YEL income influence a person’s pension. We also provide guidance in YEL matters by email, phone and chat.
In 2015, we also entered into co-operation with the Palkkaus.fi service in order to promote work carried out in Finland. Earnings-related pension contributions paid through Palkkaus.fi are steered to Varma, and households can use the service to take care of all of their statutory payments and obligations.
In 2015, we set up, together with If P&C Insurance and Nordea Bank, an online service called Onnistu yrittäjänä ("Succeed as an entrepreneur") for entrepreneurs. The service provides assistance in, for example, establishing a company, insurance matters, and running and developing a business. The service also helps new entrepreneurs build and implement a business plan.
Experiences with the online service have been encouraging, and the feedback has been positive. We will continue to develop the service further in 2016.
Entrepreneur’s pension insurance, or YEL, is the basis of a self-employed person’s social security It affects not only the entrepreneur’s pension, but also many other benefits, such as disability pension,
parental allowance, daily allowances paid by the Social Insurance Institution Kela, and rehabilitation benefits. Sufficient YEL income also secures income during retirement and other life situations.
Establishing a company
When you set up a company, be sure to look into entrepreneurs’ statutory earnings-related pension insurance YEL
YEL income is used as the basis for calculating daily sickness allowance. YEL income set at a sufficient level guarantees a secure income for the entrepreneur also during illness.
Your YEL income affects your eligibility for unemployment benefits and the amount of your earnings-related daily benefit. As a member of an unemployment fund, an entrepreneur may be eligible for a daily allowance that is based on the confirmed YEL income. Those that are not members of a fund can receive basic unemployment allowance or a labour market subsidy, which are paid by Kela.
When considering the amount of your YEL income, it is a good idea to keep in mind that it will also have a bearing on the entrepreneur’s maternity and parental allowance. A sufficient level of YEL income guarantees the entrepreneur’s income during parental leave.
When illness makes it hard to cope at work and workability is threatened, an entrepreneur has the options of rehabilitation, work trial and retraining. If the illness continues and it is not possible to return to work, an entrepreneur may apply for disability pension. The cash rehabilitation benefit, disability pension and rehabilitation allowance, paid by the earnings-related pension company, are based on confirmed YEL income.
Survivors’ pension can be paid to a child under 18, to the spouse or to an ex-spouse. YEL income affects the amount of survivors’ pension.
Old-age pension is accrued through pension contributions paid during one’s entire career. Sufficient YEL income guarantees the entrepreneur’s income also during retirement.