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Allianz RiesterRente Perspektive: the policy wording in full
RiesterRente Perspektive (Baustein E219) als klassische Anlage mit Garantiekapital in Höhe der Beiträge und Zulagen, garantierter Mindestrente, Vorziehen des Rentenbeginns um bis zu 7 Jahre und Teilkapital bis 30 Prozent (Stand 12/2025).
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Everything about this policy
What the policy covers: 69 points, each with its clause
Quotes are shortened.
The full German wording of each point is on the German page for Allianz RiesterRente Perspektive.
Contract type and certification
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Certified pension contract (certification number stated) | yes | „soweit sich aus den zum Zeitpunkt des Vertragsschlusses geltenden Vorschriften des“ | Vorbemerkung, page 1 |
| Traditional Riester annuity with guaranteed interest | yes | „Altersvorsorge mindestens die Summe der vereinbarten Beiträge“ | Ziffer 1.1 Absatz 3, page 2 |
| Unit-linked Riester annuity | not addressed | ||
| Hybrid model (split between general account, guarantee fund and free funds) | not addressed | ||
| Index participation with annual lock-in | not addressed | ||
| Capital guarantee: contributions and allowances paid in are available at the start of the pension | yes | „Zulagen (Mindestbetrag) für die Bildung der Rente nach“ | Ziffer 1.1 Absatz 4, page 2 |
| Guarantee also applies on early pension start, change of provider or withdrawal | yes | „Am vorgezogenen Rentenbeginn stehen mindestens die bis da“ | Ziffer 10.1 Absatz 1 a), page 11 |
| Guaranteed technical interest rate during accumulation | yes | „dem Rechnungszins 0,25 Prozent und“ | Ziffer 1.5 Absatz 1 b), page 3 |
Allowances, subsidy and home ownership option
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| State allowances are credited to the contract (timing and investment) | yes | „ist jeweils der 1. Tag des Monats, in dem die staatliche Zulage bei“ | Ziffer 5 Absatz 3, page 8 |
| Allowance application handled by the provider (standing application) | not addressed | ||
| Note on minimum own contribution and base amount for the full allowance | yes | „chen Sockelbetrag nach § 86 Absatz 1 Einkommensteuergesetz“ | Ziffer 10.7 Absatz 1, page 14 |
| Indirectly eligible spouses or partners covered in the terms | yes | „bar förderberechtigten Ehegatten bzw. eingetragenen Lebens“ | Ziffer 10.4 Absatz 1 a), page 12 |
| Allowances reclaimed by the authority are taken from the contract balance | yes | „Wenn wir staatliche Zulagen zurückzahlen müssen, reduzieren“ | Ziffer 5 Absatz 1, page 8 |
| Non-compliant use (surrender with payout, moving abroad): repayment of allowances and tax benefits explained | yes | „Im Fall einer Kündigung müssen alle uns zugeflossenen staatli“ | Ziffer 8.3, page 11 |
| Withdrawal for owner-occupied housing (home ownership amount) | yes | „Sie können Ihren Vertrag bis zum Rentenbeginn für eine Verwen“ | Ziffer 10.6, page 13 |
| Minimum withdrawal and minimum remaining balance on partial home withdrawal | no | „gebildete Kapital muss vollständig verwendet werden.“ | Ziffer 10.6 Absatz 1, page 13 |
| Fee for home ownership withdrawal | yes | „gentum (siehe Ziffer“ | Ziffer 6.2 Absatz 1, page 9 |
Annuity factor, bonuses and fund investment
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Guaranteed annuity factor (pension per 10,000 euros of balance) | yes | „ringer ist als die mit Ihnen vereinbarte garantierte Mindestrente,“ | Ziffer 1.1 Absatz 2, page 2 |
| Insurer may reduce the annuity factor later (trustee clause) | not addressed | ||
| Best-of check at pension start (then current bases if they give a higher pension) | yes | „mit den zu diesem Zeitpunkt maßgebenden Rechnungsgrundla“ | Ziffer 1.1 Absatz 2, page 2 |
| Bonus participation and share in valuation reserves | yes | „Wie beteiligen wir Ihren Vertrag an den Überschüssen?“ | Ziffer 2.2, page 4 |
| Fund selection set out in the terms (number of funds at once) | not addressed | ||
| Fund switches and reallocation, number of free switches per year | not addressed | ||
| Reallocation by the insurer to secure the guarantee (outside the customer's control) | not addressed | ||
| Lifecycle management before pension start (gradual shift to low-volatility assets) | not addressed | ||
| Insurer may replace a fund (closure, merger), customer rights | not addressed |
Pension start and payout
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Earliest pension start (not before age 62, age 60 for contracts before 2012) | yes | „Rentenzahlungen erhalten Sie frühestens, wenn Sie das 62. Lebensjahr vollendet haben.“ | Ziffer 1.1 Absatz 1, page 2 |
| Latest pension start (maximum age) | yes | „höchstens 85 Jahre alt.“ | Ziffer 10.1 Absatz 2 a), page 12 |
| Bring forward or postpone the pension start | yes | „um bis zu 7 Jahre vorziehen.“ | Ziffer 10.1 Absatz 1, page 11 |
| Lifelong level or increasing monthly pension | yes | „Zeitpunkt garantierte Rente in gleichbleibender Höhe, solange Sie“ | Ziffer 1.1 Absatz 1, page 2 |
| Partial lump sum at pension start (up to 30 percent of the capital) | yes | „Sie können sich zum vereinbarten Rentenbeginn bis zu 30 Prozent“ | Ziffer 10.2, page 12 |
| Lump-sum settlement of a small pension (choice of payout year) | not addressed | ||
| Guaranteed payment period (pension continues to survivors on death) | not addressed | ||
| Refund of remaining capital on death after pension start | yes | „Wenn Sie nach Rentenbeginn sterben, steht das vereinbarte Kapi“ | Ziffer 1.3, page 2 |
Death and survivors
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Benefit on death before pension start agreed | yes | „Wenn Sie vor Rentenbeginn sterben, steht ein Kapital zur Verfü“ | Ziffer 1.2, page 2 |
| Amount of the death benefit before pension start (balance, contributions and allowances) | yes | „dem zu diesem Zeitpunkt vorhandenen →Deckungskapital des“ | Ziffer 1.2, page 2 |
| Transfer of the balance to the surviving spouse's certified contract (without loss of subsidy) | yes | „ten Altersvorsorgevertrag übertragen. In diesem Fall erstellen wir“ | Ziffer 1.4 Absatz 1, page 3 |
| Survivor pension to spouse and eligible children instead of a payout | yes | „Hinterbliebenenrente für rentenberechtigte Kinder“ | Ziffer 1.4 Absatz 2, page 3 |
| Payout to heirs after deduction of the subsidy | yes | „wir das Kapital an Ihre Erben. In diesen Fällen müssen alle uns zu“ | Ziffer 1.4 Absatz 3, page 3 |
| Waiting period for suicide | not addressed |
Contribution and flexibility
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Minimum regular contribution (including allowances) | not addressed | ||
| Additional payments during the term, minimum amount | yes | „Sie können vor Rentenbeginn für jedes laufende Kalenderjahr eine“ | Ziffer 10.4 Absatz 1, page 12 |
| Top-ups limited (eligible maximum per year or insurer consent) | yes | „baren staatlichen Zulagen den förderfähigen Höchstbetrag nach“ | Ziffer 10.4 Absatz 1 a), page 12 |
| Contribution adjustable to the minimum own contribution at any time | yes | „Sie können den vereinbarten Beitrag erhöhen. Eine Risikoprüfung“ | Ziffer 10.4 Absatz 2, page 13 |
| Contract can be made dormant (paid-up) at any time, minimum balance | yes | „zahlt werden (Beitragsfreistellung). Die Beitragsfreistellung ist zum“ | Ziffer 7.1 Absatz 1, page 9 |
| Resumption of contributions after dormancy, deadline | yes | „Beitragszahlung jederzeit wieder aufnehmen, ohne dass wir eine“ | Ziffer 7.2 Absatz 1, page 9 |
| Contribution holiday or deferral | not addressed | ||
| Indexation (scheduled increase of the contribution) | yes | „trags aufgrund eines vereinbarten dynamischen Zuwachses.“ | Ziffer 6.1 Absatz 2 a), page 9 |
| Waiver of contributions on occupational disability available | yes | „die Berufsunfähigkeitsrenten unmittelbar zur Zahlung der Beiträge“ | Teil B Ziffer 2.1, page 16 |
| Supplementary cover for reduced earning capacity or survivors from the subsidised contribution | yes | „schlossen haben, verringert sich der Mindestbetrag um die ge“ | Ziffer 1.1 Absatz 4, page 2 |
Termination, costs and change of provider
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Right of withdrawal (period in days) | not addressed | ||
| Surrender with payout of the surrender value (subsidy is lost) | yes | „Wenn Sie kündigen, zahlen wir - falls vorhanden - den Rückkaufs“ | Ziffer 8.2 Absatz 1, page 10 |
| Surrender charge on dormancy or termination | yes | „Rentenbeginn?" festgelegt, in welcher Höhe wir einen Abzug vor“ | Ziffer 8.2 Absatz 2, page 10 |
| Acquisition costs spread over at least five years | yes | „über einen Zeitraum von mindestens 5 Jahren,“ | Ziffer 6.1 Absatz 1 a), page 8 |
| Costs quantified in the terms (acquisition, administration, funds, payout phase) | no | „"Produktinformationsblatt" jeweils unter der Überschrift "Einzelne“ | Ziffer 6.1 Absatz 3, page 9 |
| Change of provider: termination to transfer the capital to another certified contract (notice to quarter end) | yes | „Die Kündigung ist mit einer Frist von 3 Monaten zum Ende des“ | Ziffer 9.1 Absatz 2, page 11 |
| Fee for change of provider (legal maximum 150 euros) | yes, up to EUR 50 | „Kosten in Höhe von 50 EUR.“ | Ziffer 9.2, page 11 |
| Capital transferred in from another contract: acquisition costs on no more than half of it | yes | „Vertriebskosten (→Kosten) maximal 50“ | Ziffer 6.1 Absatz 1 c), page 8 |
| Claims cannot be assigned or transferred (protection from seizure) | yes | „Sie können Ihre Ansprüche aus Ihrem Vertrag weder abtreten noch“ | Ziffer 3.1 Absatz 2, page 7 |
| Insurer waives ordinary termination | not addressed |
Duties and market specifics
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Health questions at inception or for riders | yes | „Die nachfolgende Regelung gilt nur für den gegebenenfalls abge“ | Teil B Ziffer 1, page 16 |
| Benefit restriction for war or NBC weapons | not addressed | ||
| Annual statement of contributions, allowances, balance, costs and returns | yes | „(AltZertG) jährlich schriftlich über“ | Teil B Ziffer 7, page 20 |
| Information before the payout phase (form and amount of benefits, costs, deadline for a change) | yes | „nate vor Beginn der Rentenzahlung über die Form und Höhe der“ | Ziffer 9.1 Absatz 2, page 11 |
| Austria: state bonus under section 108g EStG set out in the terms | not addressed | ||
| Austria: capital guarantee on premiums paid and state bonuses | not addressed | ||
| Austria: minimum lock-in (ten years) and options afterwards | not addressed | ||
| Spain: contingencies covered (retirement, disability, death, dependency) | not addressed | ||
| Spain: early access (serious illness, long-term unemployment, contributions older than ten years) | not addressed |
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Policy wordings and provider
- Legal entity
- Allianz Lebensversicherungs-Aktiengesellschaft
- Distribution
- through tied agents
- Baustein Altersvorsorge, Zukunftsrente Perspektive (RiesterRente) E219 Edition: E219 (016) 12/2025 Original from the insurer (PDF, German)
Full text of the wording
The full text exists only in German.
It is printed on the German page for Allianz RiesterRente Perspektive and available as plain text.
Volltext Allianz RiesterRente Perspektive Riester-Rente · As text (Markdown) Allianz RiesterRente Perspektive Riester