Whether it’s worth it depends on the conditions, specifically on how high the percentage of the premium is that is carried by your employer. I can’t tell whether there’s an option under 1. where only your employer pays – if that is the case, you should take it because even if they choose a conservative investment, it’s free money.
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That’s called [betriebliche Altersvorsorge](https://www.finanztip.de/betriebliche-altersvorsorge/) – run that article through DeepL to find out more.
Whether it’s worth it depends on the conditions, specifically on how high the percentage of the premium is that is carried by your employer. I can’t tell whether there’s an option under 1. where only your employer pays – if that is the case, you should take it because even if they choose a conservative investment, it’s free money.