Insurance broker / Riester pension / Policy wording archive Riester pension
HUK-COBURG Riester-Rente: the policy wording in full
Klassische Riester-Rente mit Garantiezins von 0,25 Prozent, Beitragserhaltungsgarantie und Rentengarantiezeit, ohne Abschluss- und Vertriebskosten.
German market: tariffs for people living in Germany.
Done in two minutes: your details are enough, we take care of the rest.
- Free for you, same price as going direct
- 4.98 out of 5 stars from 5,042 reviews
- On your side when you claim
Take out this policy through NAMMERT
You have already worked out with your AI what fits you.
All we need now are your details and a few answers.
We prepare your application with HUK-COBURG.
- AI has advised
- 2Your details
- Application to HUK-COBURG
Thank you, we have your application.
We prepare it with HUK-COBURG and get back to you with the documents.
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 HUK-COBURG Riester-Rente.
Contract type and certification
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Certified pension contract (certification number stated) | yes | „Bei Ihrem Vertrag handelt es sich um einen Altersvorsorgevertrag im Sinne des Gesetzes …“ | Vorbemerkung, page 1 |
| Traditional Riester annuity with guaranteed interest | yes | „Die vereinbarte lebenslange Rente berechnen wir bereits bei Vertragsbeginn auf …“ | § 1 Absatz 1, page 1 |
| 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 | „Wir garantieren, dass zum Rentenzahlungsbeginn (Beginn der Auszahlungsphase) mindestens …“ | § 1 Absatz 6, page 2 |
| Guarantee also applies on early pension start, change of provider or withdrawal | yes | „Die Beitragserhaltungsgarantie gemäß § 1 Absatz 6 gilt auch bei Kündigung Ihres …“ | § 10 Absatz 9, page 6 |
| Guaranteed technical interest rate during accumulation | yes | „Das Deckungskapital bilden wir, indem wir die eingezahlten Beiträge und die uns …“ | § 1 Absatz 5 a, page 2 |
Allowances, subsidy and home ownership option
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| State allowances are credited to the contract (timing and investment) | yes | „Zulagen und Zuzahlungen erhöhen ab Zahlungseingang das Deckungskapital und werden …“ | § 2 Absatz 4, page 3 |
| Allowance application handled by the provider (standing application) | not addressed | ||
| Note on minimum own contribution and base amount for the full allowance | not addressed | ||
| Indirectly eligible spouses or partners covered in the terms | not addressed | ||
| Allowances reclaimed by the authority are taken from the contract balance | yes | „Beitragsrückstände sowie von Ihnen zurückzuzahlende staatliche Förderungen (Zulagen und …“ | § 10 Absatz 2, page 5 |
| Non-compliant use (surrender with payout, moving abroad): repayment of allowances and tax benefits explained | yes | „Eine Kündigung kann außerdem zu einer förderschädlichen Verwendung und damit zu einer …“ | § 10, page 6 |
| Withdrawal for owner-occupied housing (home ownership amount) | yes | „Sie können bis zum Beginn der Auszahlungsphase mit einer Frist von drei Monaten zum …“ | § 9 Absatz 1, page 5 |
| Minimum withdrawal and minimum remaining balance on partial home withdrawal | yes, up to the sum insured | „Für eine Entnahme und das nach einer Teilentnahme verbleibende Restkapital gelten …“ | § 9 Absatz 1, page 5 |
| Fee for home ownership withdrawal | none | „Die Auszahlung eines Altersvorsorge-Eigenheimbetrages nach § 92 a EStG und § 9 Absatz 1 …“ | § 11, page 7 |
Annuity factor, bonuses and fund investment
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Guaranteed annuity factor (pension per 10,000 euros of balance) | not addressed | ||
| 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) | not addressed | ||
| Bonus participation and share in valuation reserves | yes | „Wir beteiligen Sie gemäß § 153 des Versicherungsvertragsgesetzes (VVG) an den …“ | § 2 Absatz 1, page 2 |
| 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 dürfen frühestens mit Vollendung des 62. Lebensjahres beginnen.“ | § 1 Absatz 1, page 1 |
| Latest pension start (maximum age) | yes | „Sie können den vereinbarten Rentenbeginn hinausschieben, höchstens jedoch bis zu dem …“ | § 7 Absatz 2, page 4 |
| Bring forward or postpone the pension start | yes | „Sie können den Rentenbeginn frühestens auf den ersten Versicherungsjahrestag vorziehen …“ | § 7 Absatz 1, page 4 |
| Lifelong level or increasing monthly pension | yes | „Die vereinbarte lebenslange Rente berechnen wir bereits bei Vertragsbeginn“ | § 1 Absatz 1, page 1 |
| Partial lump sum at pension start (up to 30 percent of the capital) | yes | „Sie können verlangen, dass wir zum Rentenzahlungsbeginn einmalig bis zu 30 % des zu …“ | § 1 Absatz 4, page 2 |
| Lump-sum settlement of a small pension (choice of payout year) | yes, up to the sum insured | „Wenn die monatliche Rente nach Rentenzahlungsbeginn die nach § 93 Absatz 3 Satz 2 und 3 …“ | § 1 Absatz 3, page 1 |
| Guaranteed payment period (pension continues to survivors on death) | yes | „zahlen wir die versicherte Rente bis zum Ablauf der Rentengarantiezeit weiter.“ | § 1 Absatz 5 b, page 2 |
| Refund of remaining capital on death after pension start | not addressed |
Death and survivors
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Benefit on death before pension start agreed | yes | „Sterben Sie vor dem vereinbarten Rentenbeginn, zahlen wir als“ | § 1 Absatz 5 a, page 2 |
| Amount of the death benefit before pension start (balance, contributions and allowances) | yes | „Das Deckungskapital bilden wir, indem wir die eingezahlten Beiträge und die uns …“ | § 1 Absatz 5 a, page 2 |
| Transfer of the balance to the surviving spouse's certified contract (without loss of subsidy) | yes | „Wir übertragen das Todesfallkapital auf einen auf den Namen Ihres hinterbliebenen …“ | § 1 Absatz 5 c, page 2 |
| Survivor pension to spouse and eligible children instead of a payout | yes | „Wir zahlen eine Rente an Ihren Ehepartner/eingetragenen Lebenspartner als sofort …“ | § 1 Absatz 5 c, page 2 |
| Payout to heirs after deduction of the subsidy | yes | „In diesem Fall liegt eine förderschädliche Verwendung Ihres Vertrags vor, sodass § 12 …“ | § 1 Absatz 5 a, page 2 |
| Waiting period for suicide | not addressed |
Contribution and flexibility
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Minimum regular contribution (including allowances) | yes, up to the sum insured | „Der für Ihren Vertrag tariflich festgelegte Mindestbeitrag muss erreicht werden.“ | § 4 Absatz 1, page 4 |
| Additional payments during the term, minimum amount | yes, up to the sum insured | „Zulagen und Zuzahlungen erhöhen ab Zahlungseingang das Deckungskapital und werden …“ | § 2 Absatz 4, page 3 |
| Top-ups limited (eligible maximum per year or insurer consent) | not addressed | ||
| Contribution adjustable to the minimum own contribution at any time | yes | „Eine Erhöhung oder Reduzierung des Beitrags zu den bei ... vereinbarten …“ | § 4 Absatz 1, page 4 |
| Contract can be made dormant (paid-up) at any time, minimum balance | yes, up to the sum insured | „Sie können vor Rentenzahlungsbeginn jederzeit in Textform (zum Beispiel per E-Mail …“ | § 8 Absatz 1, page 5 |
| Resumption of contributions after dormancy, deadline | yes | „Ihre Versicherung können Sie jederzeit auf Grundlage der bei ... geltenden …“ | § 8 Absatz 4, page 5 |
| Contribution holiday or deferral | not addressed | ||
| Indexation (scheduled increase of the contribution) | not addressed | ||
| Waiver of contributions on occupational disability available | not addressed | ||
| Supplementary cover for reduced earning capacity or survivors from the subsidised contribution | not addressed |
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 | „Nach Kündigung zahlen wir den Rückkaufswert (Absatz 3 und Absatz 5) vermindert um den …“ | § 10 Absatz 2, page 5 |
| Surrender charge on dormancy or termination | yes, up to the sum insured | „Der Abzug beträgt 0,43 % von dem nach Absatz 3 Satz 1 ermittelten Wert multipliziert …“ | § 10 Absatz 4, page 5 |
| Acquisition costs spread over at least five years | not addressed | ||
| Costs quantified in the terms (acquisition, administration, funds, payout phase) | yes | „Die Höhe der einkalkulierten Verwaltungskosten sowie der anlassbezogenen Kosten können …“ | § 11 Absatz 6, page 6 |
| Change of provider: termination to transfer the capital to another certified contract (notice to quarter end) | yes | „Sie können Ihren Vertrag mit einer Frist von zwei Monaten zum Ende des …“ | § 10 Absatz 9, page 6 |
| Fee for change of provider (legal maximum 150 euros) | yes, up to EUR 80 | „80 Euro bei Kündigung Ihres Vertrags zur Übertragung des gebildeten Kapitals auf einen …“ | § 11, page 7 |
| Capital transferred in from another contract: acquisition costs on no more than half of it | not addressed | ||
| Claims cannot be assigned or transferred (protection from seizure) | yes | „Die Abtretung von Forderungen und Rechten aus dem Vertrag sowie deren Verpfändung sind …“ | § 13 Absatz 3, page 7 |
| Insurer waives ordinary termination | not addressed |
Duties and market specifics
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Health questions at inception or for riders | not addressed | ||
| Benefit restriction for war or NBC weapons | not addressed | ||
| Annual statement of contributions, allowances, balance, costs and returns | yes | „Wir informieren Sie jährlich über die Verwendung der gezahlten Beiträge und der uns …“ | § 16 Absatz 1, page 7 |
| Information before the payout phase (form and amount of benefits, costs, deadline for a change) | not addressed | ||
| 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 |
Evaluated by NAMMERT from published policy wordings.
Despite care, a value may be misread;
legally only the wording of your own contract in the edition stated there applies.
Please report errors, we correct them the same day.
Policy wordings and provider
- Legal entity
- HUK-COBURG-Lebensversicherung AG
- Distribution
- brokers and direct
- Allgemeine Versicherungsbedingungen Riester-Rente Edition: RZU 12.1 (2022.01) 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 HUK-COBURG Riester-Rente and available as plain text.
Volltext HUK-COBURG Riester-Rente Riester-Rente · As text (Markdown) HUK-COBURG Riester-Rente Riester