ING Fixed Capital Death Insurance

A death insurance policy developed by NN Insurance Belgium SA/nv

Wondering how you can ensure the quality of life for your loved ones in the event of your death? With ING Fixed Capital Death Insurance, you can provide them with solid capital to meet anticipated and unexpected costs.

  • Flexible

    You choose the insured capital, the term, the beneficiaries of your policy and the frequency of payment (monthly or annual) yourself. You can adapt the criteria to suit your needs and budget (subject to acceptance by the insurer).

  • For your family

    A payment under this policy will help your family bridge all or some of the shortfall from the loss of income arising from your death over a certain period and pay anticipated and unexpected expenses (such as rent, school fees or inheritance tax).

  • Premium

    For a modest premium, you can give your family peace of mind.

  • Tax deductible

    As a private individual you can choose to take advantage of tax relief on your premiums as part of long-term saving under certain conditions. See “tax matters” for more information.

A death insurance policy subject to Belgian Law, developed by NN Insurance Belgium SA/nv whereby your beneficiaries receive a lump sum, which you determine, in the event of your death. This will help them cover the loss of income and meet anticipated and unexpected costs resulting from your death such as rent, school fees, or inheritance tax.

  • Suicide within the first year:
    • Of the policy;
    • After restarting the policy;
    • After increasing the death capital (the exclusion only applies to the increased portion of the death capital).
  • If you, as the insured person, die during a parachute jump, hang gliding or paragliding or while piloting an aircraft, you are not insured.
  • If you, as the insured person, die during active participation in riots, disturbances or violence, you are not insured.
  • Anyone aged 18 or over;
  • Resident in Belgium or the Netherlands;
  • With an ING account.

You can apply for this insurance at your local branch.

  • When taking out a policy you can choose to suit your needs:
    • You decide the insured capital (minimum 2,500 euros)
    • and the beneficiary (if you choose a taxed policy you will need to appoint your spouse, legal partner or a first or second-degree relative as your beneficiary)
    • and the payment term (annual or monthly premium)
  • During the policy: you can amend the policy throughout your life. Policy amendments are subject to acceptance by the insurer.
  • Calculating the premium: The final premiums will be established after assessment of the risk and confirmed in the policy. The rate is determined based on various criteria (see segmentation policy).
    • Rate: The rate is valid for 3 years from the start date of the policy, subject to statutory amendments.
    • Payment methods:
    • You can opt for a regular premium; you pay a premium throughout the term of the policy. The premiums are fixed and include taxes and charges. The tax on the premium is 2% of every paid premium when your tax residence is in Belgium.
    • If you pay an annual premium, you will not be charged any instalment fees. You can also choose to pay your premiums monthly (4% instalment fees) on condition that the monthly premium is more than 5 euros.
    • Term: You are free to choose the term of your policy. The policy will end on the date you have specified.
    • End of the policy:
    • If you are still living: the policy will end on the date you have specified. You can renew the policy according to criteria you have chosen (subject to acceptance by the insurer).
    • On your death: the insurer will automatically contact your beneficiaries and inform them of the steps they need to take.

    A number of criteria influence the insurer’s decision on whether or not to insure a risk and at what rate. These are Acceptance Criteria (AC), Pricing Criteria (PC) and Extended Guarantee Criteria (GC). We use these segmentation criteria to find a balance between the premium you pay and the loss or damage we anticipate. These criteria are objective criteria that can influence the probability or extent of loss or damage.

    Acceptance Criteria (AC)

    Pricing Criteria (PC)

    Extended Guarantee Criteria (GC)

    Insured Capital

    Duration of the contract

    Financial acceptance

    Health condition


    Smoking behaviour

    Profession and sport(s)

    Travel risk factor

    Please find below an explanation of the applicable segmentation criteria.

    • The insured capital (AC, PC): The insured capital has an impact on the amount of the premium, as it is directly linked to the risk to be insured.
    • The duration of the contract (AC, PC): The duration of the contract may have an impact on the amount insured, and may therefore influence the amount of the premium.
    • The financial acceptance (AC): If the total amount of capital insured by NN Insurance Belgium SA/NV exceeds €1 million, the insurer will assess your financial situation.
    • Your health condition (AC, PC, GC): The insurer, NN Insurance Belgium SA/NV, will make enquiries regarding your health status via a questionnaire or medical examination. If, at the time of taking out your policy, you are aware of any health problems which may affect your risk of premature death, the insurer will take these into account. If, after carrying out the questionnaire or medical exam, we are still unable to establish a sufficiently clear picture of your health, the insurer may ask you to answer certain additional questions, or to provide us with further information.
    • Your Age (AC, PC): Your age is an important factor when you take out life insurance, because, statistically, the probability of death increases with age.
    • Your smoking behaviour (PC): Smoking seriously damages your health and increases the risk of mortality. Therefore, the insurer needs to know if you smoke.
    • Profession and sport(s) (AC, PC, GC): Your profession and any sport(s) you participate in can be considered to be more or less dangerous and consequently, have an influence on your risk of death and your life expectancy.
    • The fact that you travel for long periods abroad (AC, PC, GC): Depending on the duration and destination, a holiday in a foreign country can have an influence on the condition of your health, your risk of death and your life expectancy.

    The ING Fixed Capital Death Insurance policy is offered to you, subject to acceptance, by:

    • Insurance intermediary: ING Belgium SA/nv, an insurance broker registered with the FSMA under code number 0403.200.393. Registered office: Avenue Marnixlaan 24, B–1000 Brussels – RPM/RPR Brussels – VAT BE 0403.200.393 – – BIC: BBRUBEBB – IBAN: BE45 3109 1560 2789.
    • Insurer: NN Non-Life Insurance NV, incorporated under Dutch law, authorised to insure Belgian risks, an insurance company registered in Belgium under code number 1449. Registered office: Prinses Beatrixlaan 35, 2595 AK The Hague, Netherlands – Trade register number 27127537, under the supervision of De Nederlandsche Bank.