Insurance premium is the contribution paid by employees and employers to the social security system. Through these premiums, workers gain access to healthcare services, unemployment benefits and retirement pensions.
Insurance premiums vary according to insured persons’ working periods, earnings and insurance categories. With the minimum wage set at 17,002 TL for 2024, insurance premiums increased. Below we explain how much a 30-day insurance premium is in 2024, how premiums are calculated and the obligation to pay them.
How Much Is One Day of Insurance Premium in 2024?
To calculate an insurance premium you need the insured person’s gross wage, insurance category and contribution rates for each insurance branch. The insurance category is determined by the form of employment.
According to Article 4 of Law No. 5510, insured persons are divided into three groups:
- 4A: employees working for an employer,
- 4B: self-employed persons working on their own account,
- 4C: public servants.
Contribution rates show how the paid premium is distributed among insurance types. Insurance types are: disability, old-age and survivor insurance (MYÖS), short-term insurance branches (KVSK) and general health insurance (GSS). Contribution rates differ by insurance category.
To calculate one day’s premium in 2024 we first need the gross wage. Gross wage is the net take-home pay plus taxes and deductions.
The minimum wage for 2024 was set at 17,002 TL. The gross wage for an employee paid the minimum wage is therefore 20,002 TL. Dividing this by 30 gives the daily gross wage. One day’s gross wage is 667.33 TL.
You must also know the insurance category and branch rates. For 2024 the main rates are shown in the table below:
| Insurance Category | Insurance Branch | Employee Share | Employer Share |
| 4A | MYÖS | %9 | %11 |
| 4A | KVSK | %2 | %6.5 |
| 4A | GSS | %5 | %7.5 |
| 4B | MYÖS | %20 | – |
| 4B | GSS | %10 | – |
| 4C | MYÖS | %9 | %11 |
| 4C | GSS | %5 | %7.5 |
Using these percentages, the one-day insurance premium is calculated as follows for each category.
How Much Is a 15-Day Insurance Premium in 2024?
If you plan to pay a 15-day premium in 2024, here are typical monthly and prorated figures used for such calculations:
| Monthly premium without discounts | ₺3,750.47 |
| Monthly premium with 5-point discount | ₺3,250.41 |
| Monthly premium with 6111 incentive | ₺1,700.21 |
| Monthly premium for retired employee | ₺3,200.40 |
One Day Insurance Premium for 4/A Insured in 2024
For 4/A insured, the one-day premium combines employee and employer shares across MYÖS, KVSK and GSS:
1-day premium = (667.33 × 9%) + (667.33 × 11%) + (667.33 × 2%) + (667.33 × 6.5%) + (667.33 × 5%) + (667.33 × 7.5%) = 60.06 + 73.40 + 13.35 + 43.37 + 33.37 + 50.05 = 273.60 TL
One Day Insurance Premium for 4/B Insured in 2024
For 4/B insured, the calculation includes MYÖS and GSS employee shares:
1-day premium = (667.33 × 20%) + (667.33 × 10%) = 133.47 + 66.73 = 200.20 TL
One Day Insurance Premium for 4/C Insured in 2024
For 4/C insured, public servants, the calculation includes the standard MYÖS and GSS shares:
1-day premium = (667.33 × 9%) + (667.33 × 11%) + (667.33 × 5%) + (667.33 × 7.5%) = 60.06 + 73.40 + 33.37 + 50.05 = 216.88 TL
How Much Is the Minimum Wage Insurance Premium in 2024?
The 2024 minimum wage was increased by 49% and set at 17,002 TL. Consequently, the insurance contributions paid by employees and employers also rose. Assuming no discounts or incentives, the premiums for a minimum-wage earner in 2024 are estimated as:
- Employee share: 1,700.20 TL
- Employer share: 3,375.47 TL
- Total: 5,075.67 TL
Note: These figures assume no incentives or reductions. If employers benefit from SGK incentives or discounts, their payable amounts will be lower.
What Is the Lowest Insurance Premium in 2024?
Premium payments depend on earnings, but there are legal minimum and maximum bases used in calculations. For 2024 the lower base is 6,399 TL (32% of the minimum wage), and the upper base is 127,515 TL (7.5 times the minimum wage). Earnings outside these bounds are not considered for premium calculations.
Calculated on the lower base of 6,399 TL, the minimum 2024 premium amounts are:
- Employee share: 639.90 TL
- Employer share: 1,279.80 TL
- Total: 1,919.70 TL
What Happens If an Insurance Premium Is Paid Late?
Insurance contributions must be paid within the periods set by SGK. Late payment creates a premium debt and triggers late payment fines and interest. Outstanding premium debt also negatively affects access to social security rights.
Insured persons with premium debt;
- cannot access healthcare services,
- cannot apply for retirement,
- are not eligible for unemployment benefits,
- cannot claim severance pay.
Employers with premium debt;
- cannot benefit from SGK incentives and discounts,
- cannot use tax reductions,
- cannot participate in public tenders,
- may face enforcement actions.
To avoid premium debt, payments must be made on time and in full. Those with outstanding debts can benefit from restructuring or paying in lump sum to avoid additional fines and interest.
What Happens If Insurance Premiums Are Not Paid?
Paying insurance premiums is both a legal and social responsibility for employees and employers. Timely payments ensure access to healthcare and retirement rights for individuals and support the sustainability and competitiveness of businesses. Regular premium payments contribute to individual and social welfare.
If premiums are not paid on time, debts accrue and fines and interest are applied. Premium debt restricts social security rights and creates legal and financial consequences for both insured persons and employers.
We have shared the 2024 monthly (30-day) premium figures, calculation methods and other important details about insurance premiums. Timely and regular payment of your premiums is important for your working life and retirement. If you have questions, comments or suggestions, you can leave them in the comments section and the editors will respond shortly.