Life insurance: protection for your family
- Additional financial security for your family
- Freedom to select the amount that suits the lives of all concerned
- Assurance your loved ones can maintain their standard of living
Get 50 euros cashback when you take out KBC Life Insurance.
How does it work? Take out KBC Life Insurance between 1 May and 30 June and receive your cashback automatically at the end of October. One of the conditions for KBC Life Insurance is that the sum insured must be at least 30 000 euros.
Got questions about this offer? See its terms and conditions.
Why is KBC Life Insurance so important for your family?
We prefer not to think about our own death for obvious reasons. But when it happens unexpectedly, it not only has an emotional impact on your family – it can have a considerable financial impact on them, too.
Have you ever paused to think what would happen if you died and your income stopped coming into the home? Life stands still for a while, but unfortunately recurring fixed expenses do not.
Thankfully, you can do something today to protect your family further down the line. At this difficult time, KBC Life Insurance is a welcome safety net. Indeed, thousands of households have taken out this form of protection.
What is life insurance?
While your family members are grieving their loss, KBC Life Insurance will ensure they also receive financial support.
Thanks to KBC Life Insurance, your next of kin will receive a benefit that you have chosen to help cover the rent, energy and telecommunications bills as well as unexpected expenses relating, for instance, to your car, home or household appliances and groceries.
Taking a small step today can make a big difference later.
What could that mean for your family?
The benefit you chose will give your family financial breathing space at a time when they are having to cope with many other things coming their way:
- They can continue to live in their home
Your partner and children can continue to live in the family home and not have to move or make financial sacrifices.
- Everyday and unexpected expenses remain affordable
From everyday expenses to unexpected, urgent repairs, your family will not suddenly be left with the added stress of not being able to pay them.
- Your children's future remains assured
Your children's education and dreams remain viable, just as you would want.
- Full or partial payment of inheritance tax
Reassurance that your family will not face unexpected additional financial pressures.
Safeguard your family’s future today
- Start running your simulation in KBC Mobile or KBC Touch
- Calculate the premium that’s tailored to your situation
- If you like what you see, simply sign your contract online
- Your family is covered from the moment you make your first payment
Start protecting your family today.
Because you never know what tomorrow has in store.
What is and isn’t covered by KBC Life Insurance?
What’s covered?
Your death before your insurance policy ends. If that happens, your beneficiaries will receive the death benefit you selected when taking out the policy.
Companies too can use KBC Life Insurance to protect themselves against the financial consequences of the death of a business manager.
What are the main exclusions?
We aim to be clear and transparent about situations in which no benefit is paid.
Payment is not made when death occurs:
- as the result of an act of violence insofar as you voluntarily or actively participated in it
- during active participation in events of war
- by suicide during the first year of the contract
(euthanasia according to the legal provisions is, however, not an exclusion)
All exclusions can be found in the general conditions.
Frequently asked questions about your life insurance
For anyone between 18 and 74 years of age who wants to provide financial protection for their family in the event of a death.
Your premium depends on a number of factors, including your age and the sum you choose to insure.
You choose the amount (i.e. benefit) that is paid to your family (starting from 5 000 euros).
The amount you choose depends on your personal situation, namely your income, your housing costs, your children's future plans, etc. In short, what will it take for your family to maintain the same standard of living and plans for the future?
If you need help, we’ll assist you by asking a few targeted questions during the digital process that enable us to come up with a specific proposal for a benefit that suits your personal situation. This proposal is non-binding and, therefore, you can adjust it at any time.
You are free to determine the term of the insurance, but it may not be less than one year. The insurance ends on your 75th birthday.
If you take out the insurance online, it’s taken out as standard until your 75th birthday – straightforward and worry-free.
If you want to end your life insurance policy earlier, you can do so at any time and at no cost.
You decide what suits you best.
The premiums can be paid as:
- Monthly (by direct debit) or annual risk premiums, which means that the premium changes in line with the age of the insured
If you take out the insurance online, you simply pay via a monthly premium. - A single premium
Individuals residing in Belgium pay an insurance tax of 2% on each additional amount deposited.
It depends on your age and the insured death benefit chosen. Feel free to drop by one of our branches, get in touch with KBC Live or contact your insurance agent if you require further information.
If you die within the term of your insurance policy, the death benefit will generally be paid out within a month if we have received all necessary documents. The documents that are needed depend on your personal situation.
This in any case involves the following documents:
- An extract from the death certificate
- Confirmation of the beneficiaries’ identity details
If applicable in your case, we also need the following documents:
- Extract from the marriage certificate
- Certificate or deed of succession
- Medical certificate of death
- Signed application for payment or discharge
After losing a loved one, the last thing on the next of kin’s mind is paperwork. That said, it’s important to take care of a number of administrative formalities as quickly as possible, such as reporting the death to the bank to arrange payment of the death benefit.
If your next of kin don’t know where to start, don’t worry. We’ve created this checklist to help them navigate this difficult process. They can also add things they want to be sure not to forget.
This helps ease at least some of the burden of the administrative formalities for the beneficiaries, giving them more time and space to grieve.
Ready to protect your family?
You’ll quickly see how much peace of mind this gives you.
Good to know
- KBC Life Insurance is governed by the laws of Belgium.
- KBC Life Insurance is a type of term insurance (class 21)
- Following a notification of death, your surviving dependants can seek the help of our Estates department
- In principle, inheritance tax is payable on KBC Life Insurance
- The tax treatment can change and depends on your individual circumstances. Your Insurance Expert wall be pleased to explain this to you in more detail.
- Your intermediary is the first point of contact for any complaints you may have. If no agreement can be reached, please contact KBC Complaints Management: Brusselsesteenweg 100, 3000 Leuven, complaints@kbc.be, tel. 016 43 25 94 (free of charge). If you cannot find a suitable solution, you can contact the Belgian insurance industry's ombudsman service: de Meeûssquare 35, 1000 Brussels, info@ombudsman-insurance.be, www.ombudsman-insurance.be.
This does not affect your legal rights.
Please go to a KBC branch, get in touch with KBC Live or contact your insurance agent to get a KBC Life Insurance quote.
KBC Life Insurance is a product of KBC Insurance NV, Professor Roger Van Overstraetenplein 2, 3000 Leuven, Belgium
VAT BE 0403.552.563, RLP Leuven, IBAN BE43 7300 0420 0601, BIC KREDBEBB
Company authorised for all classes of insurance under code 0014 (Royal Decree of 4 July 1979; Belgian Official Gazette, 14 July 1979) by the National Bank of Belgium, De Berlaimontlaan 14, 1000 Brussels, Belgium. Member of the KBC group
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