First of all, you should know which essential insurances are recommended in Germany:

Every person who lives and works in Germany must have health insurance. Whether this is a private or a statutory health insurance is determined by the Social Security Code.

There are two assessment limits to be considered.

On the one hand, the income threshold and on the other hand, the compulsory insurance threshold.

The income threshold determines the income up to which you must pay contributions, and the mandatory insurance threshold determines the income above which you are considered to be voluntarily insured.

As an employee with a gross income of less than 62,550 €, you are compulsorily insured and must be protected in one of the statutory health insurance funds. If you are above that level, then you can decide for yourself.

In the German health insurance, the average contribution is 15.7% of the income threshold (56,250 € p.a.) without nursing care insurance, and that means 735.94 € at the peak. In addition to this, there is the nursing care insurance of 3.3% for childless people (154.69 €). You have the choice of 105 health insurance companies in Germany. Among the largest are the AOK and TK, to name just two examples.

Especially since you are not sure if you will spend your whole life in Germany, it is essential to plan with care so that you will not regret anything later.

From an income of over 62.550 €, individual planning is especially important to be covered in case of illness. Your employer usually continues to pay your salary for six weeks if you fall ill, after which the health insurance funds. Here there is a maximum of 3,281.40 EUR per month gross in the statutory health insurance. Social security contributions in the amount of 403.80 € are deducted from this. Thus you lie here with a maximum
Net of 2,877.60 EUR per month and this can very quickly lead to financial problems.

You see that already the topic of health insurance and daily allowance must be sifted through.

After 78 weeks (6 weeks employer and 72 weeks health insurance) the legal sickness benefit ends and here the situation is catastrophic especially for expatriates, because there is no coverage by the German pension insurance yet.

For a benefit from the pension insurance, a contribution payment of at least five years is obligatory to receive a bonus.

For a benefit from the pension insurance, a contribution payment of at least 5 years is mandatory in order to receive a benefit.

Since you have just arrived and have not paid any contributions into the German pension insurance, there is no coverage through the German pension insurance.

This brings us to the 2nd important component of your protection, namely a disability insurance. It can prevent you from becoming a social case by losing your job.
If you fall ill with a burnout or are no longer able to work for any reason, your income will be completely lost, but the costs of your livelihood will continue to exist. Your most important asset is your work force and you should make sure you have it covered to be prepared for the worst case scenario. Because without an income almost everything is impossible.

The third elementary component of your protection should be a private liability insurance, which ensures you against damages caused by you. Without this insurance, you would have to pay for any damage to people and property.

An example would be if you stumble and fall onto the road, a car crashes into another car because it wants to avoid you. The damage to both vehicles and all persons involved would have to be borne by you.

Also, personal liability insurance protects you from damage caused to you by another person who does not have liability insurance.

For example, if you go jogging in the park and hit by a cyclist, all costs incurred will be reimbursed, includes loss of working hours, rehabilitation, treatment and also consequential damages. For little money, you can get sufficient insurance here.