Client bonuses

The client bonus is an annual discount in insurance contributions. In 2024, we distributed EUR 141.5 million in client bonuses to our customers. Client bonuses are usually allocated as a discount on the next insurance contribution invoice. If you wish, we can also deposit the client bonus into your company’s bank account. For a refund, please enter the account number in Varma Online Service: Insurance policies > Insurance policy information > Use of client bonus and extra payments > Edit.

View your client bonuses in Varma Online Service

All customers who have taken out a TyEL insurance policy with Varma benefit from client bonuses right from the start of their customer relationship. The longer an insurance policy is valid at Varma and the more wages are paid, the higher your client bonus will be. It pays to be a long-term customer of Varma.

The total amount to be distributed as client bonuses is determined in the same way in all earnings-related pension insurance companies, according to the solvency of each company. The maximum annual distribution of client bonuses is 1% of the solvency capital. Varma is the most solvent earnings-related pension insurance company, so we pay out excellent client bonuses.

Each earnings-related pension insurance company has its own criteria for the distribution of bonuses, which have been approved by the Ministry of Social Affairs and Health on the application of the company. They determine how client bonuses are distributed among customers.

The customer's share of the total amount of client bonuses distributed by Varma is influenced by the total amount of wages insured by Varma and the fund accumulated from insurance contributions. The client bonuses to be paid in spring 2024 was subject to the payroll of 2023 and the fund accumulated by the end of 2022. It pays to be a long-term customer of Varma.

When you transfer your TyEL insurance policy to Varma, we will pay the first client bonus in the spring of the year following the transfer. The bonuses are based on the previous year's insured wages and the size of the fund. They are therefore paid by the company where your company was insured in the previous year.

If you have transferred your TyEL insurance to Varma, e.g., on 1 January 2024, we will pay the first client bonus in spring 2025. In 2024, your previous pension insurance company pays the client bonus which is based on the insurance contributions from 2023.

In addition, your previous pension insurance company will pay you client bonuses based on a transferred policy for three years after the transfer. The condition for receiving the bonus based on a transferred policy is that at least EUR 50,000 in insurance contributions has accumulated in the fund by the end of the year preceding the year of termination.

If you transfer your TyEL insurance to Varma mid-year, you will receive a client bonus for the year of the transfer from both Varma and your previous insurance company. In addition, the previous company will pay you bonuses for two years after the insurance was transferred. Your previous pension insurance company will pay client bonuses and bonuses based on a transferred policy only if at least EUR 50,000 in insurance contributions has accumulated in the fund by the end of the year preceding the year of the transfer.