Fixed Capital Death.
Life and family

ING Fixed Capital Death Insurance

Choose flexible protection for your family

How can you ensure the quality of life for your loved ones in the event of your death? With ING Fixed Capital Death Insurance they will receive a solid amount of capital to help them deal with both everyday and exceptional expenses.

  • Flexible

    You determine the amount of capital to insure, the term and the beneficiaries of your policy. You can also determine the frequency of premium payments (monthly, quarterly, half yearly, annually) and you can change these options to suit your circumstances and needs (policy amendments subject to acceptance by the insurer).

  • Peace of mind

    Your family will be compensated for the loss of income resulting from your death, as well as expected or unexpected costs such as rent, school fees, estate settlement fees, etc.

  • Open to all

    For a modest premium, you can give your loved ones the security and peace of mind they deserve.

  • Flexible:

    You determine the amount of capital to insure, the term and the beneficiaries of your policy. You can also determine the frequency of premium payments (monthly, quarterly, half yearly, annually) and you can change these options to suit your circumstances and needs (policy amendments subject to acceptance by the insurer).

  • Clarity

    Your premiums are guaranteed for a minimum period of 3 years, except in the case of legal changes to your policy.

  • Tax deductible

    If you are under 65 years of age and you appoint your spouse/legal partner or a first or second-degree relative as beneficiary, you can choose to benefit from a tax reduction on your premiums in connection with long-term savings.

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 accidental death. To help them cover the loss of income and other direct or indirect costs resulting from your death such as rent, school fees, the cost of settling your estate, etc.

This insurance is intended for people who like to plan ahead and who want to ensure a decent quality of life for their family after they are gone.

You are free to choose any beneficiary or beneficiaries you wish. However the choice of beneficiary can impact the potential tax breaks on the premium. In order to retain your tax benefit, you must designate your spouse or legally cohabiting partner or a first or second-degree relative as beneficiary.

  • When taking out a policy You decide the insured capital (minimum 12,250 euros) and the beneficiary. Please bear in mind, however, that your choice of beneficiary may have an impact on the potential tax breaks on your premiums.
  • During the policy You can change the contract to match your changing circumstances. Please bear in mind, however, that all changes to your policy are subject to acceptance by the insurer.
  • When the policy expires
    • While you are alive: the policy ends at the date of your choice. You can then opt to extend it on whatever basis you choose, subject to acceptance by the insurer.
    • In the event of your death: your beneficiaries will be automatically contacted by the insurer, who will explain the relevant procedures to them.
  • Your premium: Premiums are payable for the duration of the policy and include taxes and fees, including the 2% premium levy. If you wish, you can opt for periodical premiums.
  • Fixed for 3 years: Your premiums are fixed for a period of 3 years from the start date of the policy provided you do not make changes to the policy during this time.
  • Pending our approval: We use a certain number of factors to decide whether to accept your request for insurance, as well as to determine the premiums of your insurance and the extent of the guarantee. They include the insured capital, the duration of the contract and the financial acceptance. They also include factors related to the person being insured, such as their smoking behaviour, age, health condition, profession, the sport(s) they practice and if applicable, whether or not they travel to foreign countries for long periods of time.
    The final premium amount will be determined after evaluating the risk and will be confirmed in the policy.

There are multiple criteria that play a role in determining whether we are prepared to insure a particular risk, what we are prepared to insure it against, and what the premium will be. These criteria serve as Acceptance Criteria (AC), Pricing Criteria (PC) and Extended Guarantee Criteria (GC). Based on these segmentation criteria, we try to find a balance between the premium you pay and the loss or damage we anticipate. The segmentation 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
Age
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, we will assess your financial situation.
  • Your health condition (AC, PC, GC): We 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, we 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, we 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, we need 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.

ING Death Benefit Insurance is an insurance product provided, upon mutual agreement, by:

  • Insurance intermediary: ING Belgium SA/nv, an insurance broker registered with the FSMA under the code number 12381A. Registered office: Avenue Marnix 24, B-1000 Brussels - Brussels RPM/RPR - VAT BE 0403.200.393 - www.ing.be - BIC: BBRUBEBB - IBAN: BE45 3109 1560 2789.
  • Insurer: NN Insurance Belgium SA/NV, an insurance company licensed by NBB under the code number 2550. Registered office: Airport Plaza - Montreal Building, Da Vincilaan 19, B-1831 Diegem - www.nn.be - Brussels RPM/RPR - VAT BE 0890.270.057. BIC: BBRUBEBB - IBAN: BE28 3100 7627 4220.

This insurance policy is subject to Belgian law, including the Act of 4 April 2014 regarding insurance.

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