The Rates and Distribution of Insurance Premium in Turkey
Employees and employers are required to pay insurance premium to Turkish Employment Agency for:
- Short term insurance branches
- Long term insurance branches
- Unemloyment insurance
Employees and employers are required to pay insurance premium to Social Security Institution for general health insurance.
Insurance branches and insurance premiums which the employees and employers are required to pay are as follows:
|
Insurance Branches |
% Employee Share |
% Employer Share |
% Total |
|
Short Term Insurance Branches |
– |
1 to 6,5 |
1 to 6,5 |
| Long Term Insurance Branches |
9 |
11 |
20 |
| General Health Insurance |
5 |
7,5 |
12,5 |
| Unemployment Insurance |
1 |
2 |
3 |
Source: YOİK
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
