Germany has many insurances. Know which ones you actually need.

Yes, and most people are shocked by how serious this is. In Germany if you accidentally damage someone else's property or injure someone you are personally liable for the full amount with no upper limit. Even simple accidents like a child breaking a window or a bike collision can result in enormous claims. Privathaftpflicht costs around 50 to 80 euros per year and is arguably the single most important insurance for anyone living here.

Your standard German health insurance (GKV) covers basic dental treatment but typically only around 60% of the cost for major procedures like crowns or implants. A supplementary dental insurance (Zahnzusatzversicherung) covers the remaining costs and is widely recommended. It is particularly cost-effective when taken out while you are still young and in good dental health.

Travel health insurance (Auslandskrankenversicherung) specifically covers emergency medical treatment abroad when your German health insurance does not apply. Foreign travel insurance (Reiseversicherung) is broader and can also cover trip cancellation, lost luggage, travel delays and personal liability abroad. For trips to India or other non-EU countries, both are worth considering, especially if you travel frequently.

Health insurance is mandatory for your visa and university enrolment, but we strongly recommend also getting Privathaftpflicht as a minimum. It costs very little and protects you from significant unexpected costs. Depending on your living situation, contents insurance (Hausrat) is also worth considering.

Public health insurance (GKV) is income-based and covers the whole family. Private health insurance (PKV) is available for high earners above around 69,300 euros gross per year and offers faster access and broader coverage but can become expensive as you age or start a family. The right choice depends on income, long-term plans and family situation.

Riester and Ruerup are state-subsidised pension savings products with significant tax advantages. Riester is particularly good for employees and families while Ruerup is especially beneficial for self-employed and high earners. Whether they suit your situation as an Indian who may return to India depends on your timeline and individual circumstances. Your advisor can help you evaluate this properly.

Yes, most German insurances should be cancelled when you permanently leave Germany. Health insurance ends with your employment or deregistration. Other insurances like liability and contents should be cancelled with the required notice periods, usually one to three months. Failure to cancel results in continued payments. Your advisor can help manage this process.

Yes, completely free and with no obligation. The advisor will explain your options and answer your questions. You only proceed if you choose to and on your own terms. Insurance advisors in Germany are typically compensated through commission from insurers so the initial advice costs you nothing.