Things to keep in mind
You make a saving on social security contributions when paying in your own contributions from gross salary. This saving can lead to a reduction in statutory pension benefits. However, this potential reduction in statutory benefits is generally more than compensated for by the basic amount and the performance of the contributions in direct insurance.
As with most contracts, there are administrative costs payable to Allianz for participating in direct insurance. These are already accounted for and will not be invoiced separately. Due to the favourable terms of the group agreement, the costs are significantly lower compared to taking out private insurance.
The basic amount is an annual contribution to your direct insurance. In the first year of employment, this is paid proportionately by Fresenius, since the entitlement only comes into effect after seven months. In order to get the full annual premium, the missing sum may be retained in the first insurance year from your Christmas bonus. To prevent this, you can apply to participate in direct insurance from your second year of employment onwards.
Do you have further questions about direct insurance? You can find out more here.