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ERGO Vorsorge Lebensversicherung AG sets the course for the new world of subsidised products
From the beginning of 2027, ERGO Vorsorge Lebensversicherung AG will offer all product types provided for in the Act to Reform Tax-Favoured Private Pension Provision (“Altersvorsorgereformgesetz”, AVRG). Currently, the focus is on informing customers and sales partners.
The Reform Law promotes funded old-age provision and anchors it more broadly in society by, among other things, extending the group of eligible beneficiaries of state subsidies to include self-employed persons and freelancers.
We expressly welcome the fact that the reform reduces the previous complexity and creates more opportunities for returns as well as a larger group of people eligible for subsidies.
The new product landscape with its various options – guarantee product, pension provision or standard investment depot – is still not self-explanatory.
Individual advice for our customers will remain at the heart of what we do,” says Dr. Oliver Horn. “Subsidies need advice – and for this we rely on our sales partners.
ERGO Vorsorge Lebensversicherung AG has currently provided a page for customers and interested parties with all key information on the reform of tax-favoured private pension provision on its website. This enables them to obtain information at an early stage and to calculate potential allowances themselves using an interactive allowance calculator. “If Riester customers want to compare their existing contract and determine the best solution for themselves, our sales partners will be happy to support them. There is no need for immediate action yet. However, we should all already start thinking about how we want to position ourselves in terms of retirement provision from next year onwards,” advises Dr. Oliver Horn.
With regard to competition from fund providers and neobrokers, Dr. Oliver Horn is optimistic: “Anyone who wants a lifelong pension will only find it with insurance companies. Payout plans always carry the risk that the money will be used up too soon. Insurance policies pay out for life.”
One thing is certain: ERGO will have all three product types on the market in good time, so that every eligible person will have access to the product that suits them best from the official start of the new product world.
ERGO is one of the leading international insurance groups and operates in over 20 countries worldwide. The Company offers its retail and corporate customers a broad product portfolio in all the main classes of insurance as well as comprehensive assistance and other services. Three units operate under the umbrella of ERGO Group AG: ERGO Deutschland AG, ERGO International AG and ERGO Technology & Services Management AG. The German and international businesses as well as the management of IT and technology services are organized in these units. More than 36,000 people work either as salaried employees or self-employed sales representatives for the Group. In the 2025 financial year, ERGO generated insurance revenue of 21.7 billion euros and a net result of 917 million euros. ERGO is part of Munich Re, one of the world's leading reinsurers and risk carriers. More at www.ergo.com
This media information contains forward-looking statements that are based on current assumptions and forecasts of the management of ERGO Group. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.
