TRADERS’ INSURANCE FUND (TAE) 

ÔÁÅ was established in 1936; in 1937 its first Managing Board commenced registering Traders and laying down its operation charter. Registration of all 22,600 traders was concluded in 1939; 402 of them were women (a percentage of 1.78 %).

As of Jan. 1st 1940, TAE commenced its operation, with large city traders beginning their contribution payments.

TAE is a Legal State Entity supervised by the Ministry of Labour and Social Security.

Its operation is governed by provisions laid down in Presidential Decree 668/81 (Official Gazette 167/81-A), which has been partially amended and supplemented. 

TAE’s OBJECTIVES 

The Fund’s objective is to insure individuals who fall under its scope of insurance services against the contingencies of sickness, maternity, invalidity and old age; TAE also provides insurance cover to the members of insured persons’ families in the event of death of an insured person.

TAE insurance cover is divided into two branches: Sickness and Maternity cover and Pension cover

TAE is a main social security fund.