diff --git a/README.md b/README.md
index 216e72b..c51eebc 100644
--- a/README.md
+++ b/README.md
@@ -101,7 +101,7 @@ If `.Values.statefulset.dind.rootless: true` is set, then the following will be
 | ------------------------- | ---------------------------------------------------------------------------------------------------------- | -------------- |
 | `init.image.registry`     | image registry, e.g. gcr.io,docker.io                                                                      | `""`           |
 | `init.image.repository`   | The init image                                                                                             | `busybox`      |
-| `init.image.tag`          | the init image tag                                                                                         | `1.37.0`       |
+| `init.image.tag`          | the init image tag                                                                                         | `1.38.0`       |
 | `init.image.digest`       | Image digest. Allows to pin the given image tag. Useful for having control over mutable tags like `latest` | `""`           |
 | `init.image.pullPolicy`   | The init image pullPolicy                                                                                  | `IfNotPresent` |
 | `init.image.fullOverride` | Completely overrides the image registry, path/image, tag and digest.                                       | `""`           |
diff --git a/values.yaml b/values.yaml
index be2d92e..62d1190 100644
--- a/values.yaml
+++ b/values.yaml
@@ -132,7 +132,7 @@ init:
     registry: ""
     repository: busybox
     # Overrides the image tag whose default is the chart appVersion.
-    tag: "1.37.0"
+    tag: "1.38.0"
     digest: ""
     pullPolicy: IfNotPresent
     fullOverride: ""