Statutory insurance

Part of social security in Finland is provided through statutory insurance. The most important form of insurance-based social security is the earnings-related pension.

Other types of mandatory and statutory insurance are accident insurance, motor liability insurance, patient insurance and environmental damage insurance. There is a specific act on each of them, obligating to take out an insurance policy in the situations defined in the act. Health insurance, income security for the unemployed and national pension are also based on insurance.

Earnings-related pension

Employers take out pension insurance for their employees and self-employed persons for themselves.  The insured persons are paid pension

  • for disability for work
  • for old age
  • following the death of spouse or parent (survivors' pension)

More about this subject under Income security

National pension and guarantee pension

National pensions and guarantee pensions are financed wholly by tax revenue. If a person's earnings-related pension is very small or the person has not acquired any pension rights the national pension and guarantee pension ensure a minimum income.

More about this subject under Income security

Health insurance

All people permanently resident in Finland are insured against sickness. The health insurance scheme is financed by employers, employees and the state together. Health insurance covers sickness and parents' allowances, reimbursement for medicine and travel expenses and reimbursement for expenses of private health care services.

More about the subject under Income security

Unemployment insurance

All employees in Finland are insured against unemployment. The unemployment benefits are financed by the state and by employers and employees through their unemployment insurance contributions. If an employee or self-employed person has insured him/herself in an unemployment fund, the person is entitled to an earnings-related daily allowance if unemployed. Otherwise the person is paid the basic daily allowance or labour market support.

More about the subject under Income security


Accident insurance

Employers take out accident insurance for employees to cover costs and loss of earnings incurred by accident injuries at work and occupational diseases. 

Motor liability insurance

Vehicle owners take out insurance to cover all personal injury and damages to another party's property.

Patient insurance

Patient insurance is taken out by professionals providing health care or medical care  to compensate for harm caused to patients through accident or neglect.

Environmental damage insurance

Environmental damage insurance is taken out by an enterprise or corporation for whose activity permission by the environmental authorities is required.