KBC Life Experience

  • Safe savings product offering a guaranteed rate of interest
  • Non-guaranteed profit share possible
  • Choice of terms

What is KBC Life Experience?

KBC Life Experience is a guaranteed-interest savings insurance product with several investment options. It is an attractive option if you can do without your money for at least eight years.

It's a low-risk product due to the fact that interest is guaranteed on the amounts saved until the end of each investment option. 

You can choose from several investment options, depending on your own interests and possibilities. Your contact at KBC will be happy to explain it for you.

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More information about KBC Life Experience

Fixed return

KBC Insurance guarantees that each net deposit (the premium you pay less taxes and charges) will earn interest at a fixed rate until your investment option ends. We currently offer the following options:

  • Life Class 21 8Y at 2.30% (with a 2.30% rate of interest that is guaranteed for a period of eight years)
  • Life Class 21 5Y at 2.30% (with a 2.30% rate of interest that is guaranteed for a period of five years)
  • Life Class 21 3Y at 2.30% (with a 2.30% rate of interest that is guaranteed for a period of three years)
  • Life Class 21 Cash (with a 0.60% rate of interest that is guaranteed until the end of the month and can be renewed each time for periods of one month)

When a rate-guarantee period ends, the reserve is automatically converted to ‘Life Class 21 Cash’ at no cost.

Potential to earn a profit share

Besides the certainty of obtaining a minimum return, you could receive a profit share each year and also a growth bonus the first calendar year after making a deposit. The profit share and growth bonus are not guaranteed and can vary from year to year, depending on the economic situation and the results of KBC Insurance. There is no profit share or growth bonus for ‘Life Class 21 Cash’.

This product promotes environmental and social characteristics that enable you to make a positive impact on the environment or society, but does not have sustainable investment as an objective. We also strive to reduce any detrimental impact on the environment or society by pursuing responsible investment policies. More detailed information in this regard can be found in the product fact sheet.

This product was awarded the ‘Towards Sustainability’ label for a one-year period. The label, which was developed by Febelfin (the Belgian banking federation), is re-evaluated every year. It is a quality standard under the supervision of the Central Labelling Agency of the Belgian SRI Label (CLA). The standard defines several minimum requirements that sustainable financial products must meet at product level and in the investment process. See www.towardssustainability.be/the-label/about-the-label for more details. Products that are awarded this label may not meet your own sustainability objectives and the label itself may not necessarily meet the requirements of future national or European regulations. Learn more at www.fsma.be/en/sustainable-finance.

You choose the beneficiaries who’ll receive the accrued capital if the insured dies.

This product can only be taken out by natural persons. Future tax treatment may change and depends on your individual circumstances.

Insurance tax on new deposits 2%
Entry charges on net premium (after insurance tax)
  • Life Class 21 8Y : 2.5% on each deposit
  • Life Class 21 5Y : 1.5% on each deposit
  • Life Class 21 3Y : 0.5% on each deposit
  • Life Class 21 Cash: 0% on each deposit
Management fees on reserve None
Exit charges if money withdrawn early

If money is withdrawn before the guaranteed-rate period ends, the reserve will be recalculated based on its lower market value at the time of withdrawal.  

This recalculation does not exceed 5% when withdrawals are made after eight years.

Withholding tax
  • None after the contract has run for eight years
  • None in the event the death benefit is paid
  • 30% on a notional return of 4.75% if money is withdrawn within the first eight years of the contract

What are the risks?

The risk indicator is: 
Life Class 21 3Y: 2 on a scale of 1 (low risk) to 7 (high risk). 
Life Class 21 5Y: 2 on a scale of 1 (low risk) to 7 (high risk). 
Life Class 21 8Y: 2 on a scale of 1 (low risk) to 7 (high risk).

This is a guide to the level of risk associated with this product compared to other products. It shows how likely it is that investors will lose money on the product because of movements in the markets or because no money is available to make payments.

KBC Life Experience is covered by the Belgian deposit-protection scheme for guaranteed-interest life insurance. The scheme is triggered if it is established that KBC Insurance has defaulted. The protection currently amounts to 100 000 euros per policyholder for all reserves combined that are held with KBC Insurance under protected guaranteed-interest life insurance contracts.

If you withdraw your reserves early, you may receive less than what you’ve put in due to the deduction of taxes and charges. Therefore, the recommended holding period is at least eight years.

More things you need to know

  • KBC Life Experience is a guaranteed-interest savings insurance product in which the insurer bears the investment risk. 
  • This product is governed by the laws of Belgium.
  • The insurance is open-ended and the benefit is paid upon the death of the insured.
  • 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) or + 32 78 15 20 45 (charges apply), fax + 32 16 86 30 38. If you cannot find a suitable solution, you can contact the Belgian insurance industry's ombudsman service: Ombudsman van de Verzekeringen, de Meeûssquare 35, 1000 Brussels, info@ombudsman-insurance.be, www.ombudsman-insurance.be. This does not affect your legal rights.
  • To get a KBC Life Experience quote, drop by a KBC branch or contact KBC Live.

KBC Life Experience 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 licensed by the National Bank of Belgium, de Berlaimontlaan 14, 1000 Brussels, Belgium, for all classes of insurance under code 0014 (Royal Decree of 4 July 1979, Belgian Official Gazette of 14 July 1979).

Member of the KBC group.

More detailed information on this product, the relevant terms and conditions, and the attendant risks can be found in the product fact sheet and the key information document. Before signing up for the product, be sure to read through this information,

KBC Life Experience – Life Class 21 3Y

KBC Life Experience – Life Class 21 5Y

KBC Life Experience – Life Class 21 8Y

This information can also be obtained free of charge from your KBC intermediary.

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