You're not
installing the untrusted tarball; helm is merely supposed to be extracting it, and then rendering the templates contained within.
(Those templates, once rendered, might then refer to pods, etc. that might be put into a k8s cluster (or perhaps we merely render then YAML, and never `apply` it), and in that sense, one might imagine that that is an install, but that's not the security boundary being crossed here; this would presumably result in execution on the host running helm, which would definitely be surprising.)