Terminating YEL-Insurance
YEL-insurances are terminated if the business activities of the self-employed person seize completely, are reduced below the YEL minimum income limit, the form of the business, the ownership relationships or the self-employed person’s position has changed in such a way that the entrepreneur no longer falls within the scope of the YEL-insurance. The insurance is also terminated if the self-employed person transfers on old-age pension or early retirement pension.
Termination of the YEL-insurance must be notified to the pension insurance company in writing.