The KBC Home & Long-Term Plan is a (class 21) savings insurance plan that allows you to build up a supplementary pension before and during retirement under the long-term saving tax scheme. What's more it's also a useful way to help pay for loan balance insurance if you take out a home loan at a later date.
It is a very safe product, due to the fact that interest is guaranteed on the amounts saved until the end of the contract. KBC Insurance guarantees paying interest on every net deposit until the contract ends. At present, the rate is 0.75%.
Planning to buy, build or renovate a home? Then it's good to know that you can use the capital you've accumulated to pay for loan balance insurance (i.e. mortgage cover life insurance). Because the KBC Home & Long-Term Plan lets you save tax-efficiently beforehand, you also have more financial breathing space for yourself during the period you pay off your home loan.