IncomeInsurance
Life and family

ING Income P

Discover ING income insurance

Would you like to ensure the quality of life for your loved ones if you were to die accidentally? ING proposes ING Income P, an income insurance which provides your loved ones with a monthly payment for a whole year to help them maintain their quality of life.

  • No medical examination

    There are no medical formalities to go through before you can apply.

  • Reassuring

    You ensure additional support for your loved ones in the event of your accidental death.

  • Tailored to your needs

    The payout is perfectly adapted to your family’s quality of life, since it is calculated on the basis of the main income, expenses and standing orders registered on your ING current account. You can find a complete list of all incoming and outgoing payments and standing orders on your account that are covered by this insurance in the General Terms and Conditions (PDF).

  • Flexible

    You choose the package which determines the amount of the compensation.

  • Modest premium

    For just 24 or 45 euros per year, you can give your loved ones the peace of mind of an advance of 2,500 euros or 5,000 euros respectively.

ING Income P is an accidental death insurance product, developed by NN Insurance Belgium SA/NV under Belgian Law that is linked to your ING current account. In the event of your accidental death, your appointed beneficiary would receive a monthly payment for a period of 1 year. The amount paid is based on your account activity prior to your accidental death. Please consult the General Terms and Conditions (PDF) for a list of all incoming and outgoing payments and standing orders on your account that are covered by this insurance.

Holders of an ING current account who want to ensure that their loved ones do not have any financial worries, and who are under 70 when taking out a policy.

Unless an agreement has been reached to the contrary, the beneficiary who will receive the compensation will be:

  • the spouse (not divorced or separated from bed and board) or legally cohabiting partner of the deceased insured party
  • otherwise, the children of the deceased insured party and other descendants by way of representation
  • otherwise, the descendants of the deceased insured party
  • otherwise, the deceased insured party’s successors in interest.

No medical formalities are required, regardless of which option you choose.

When taking out a policy: You choose the beneficiary of the insurance policy and one of the following two packages:

  • Single option: the beneficiary receives total compensation equal to the sum total of the main income (wages, family allowance, rental income, etc.) paid into and all expenditure and standing orders paid out of the current account (e.g. water, gas, electricity, rent, etc.) during the 12 months preceding the holder’s accidental death.
  • Double option: as above, but the compensation paid to the beneficiary is doubled.

For a list of all incoming and outgoing payments and standing orders on your account that are covered by this insurance, please consult the General Terms and Conditions (PDF).

  • The first payment will be made to the beneficiary as soon as we receive all the relevant documents certifying the accidental nature of the policyholder’s death. Depending on the option chosen, your beneficiary will receive an advance of 2,500 euros (single option) or 5,000 euros (double option).
  • The remainder of the insured amount will be paid out in 11 equal monthly instalments.
  • The compensation can be awarded in addition to other policies. Your beneficiaries can receive compensation from your ING Income P insurance as well as other forms of compensation (life insurance, pension savings plan, and so on).

Single Option: 24 euros per year with a minimum total compensation of 7,500 euros and a maximum of 37,500 euros. This amount is paid out in 12 monthly instalments. The first payment amount would be EUR 2,500.00.

Double option: 45 euros per year with a minimum total compensation of 15,000 euros and a maximum of 75,000 euros. This amount is paid out in 12 monthly instalments. The first payment amount would be EUR 5,000.00.

Example: Mr. Smith, an ING current account holder, takes out ING Income P insurance with his partner as his beneficiary. The income paid into the account stands at 1,500 euros per month (or 18,000 euros per year). Payments leaving the account stand at 6,500 euros per year. The total amount of transactions on the current account is therefore 24,500 euros.

In the event of Mr. Smith’s accidental death, his partner will receive the following compensation:

Option First monthly deposit Subsequent 11 months Total compensation
Single 2.500 euros 11 x 2.000 euros =
22.000 euros
24.500 euros
Double 5.000 euros 11 x 4.000 euros =
44.000 euros
49.000 euros

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.

Consult the general terms and conditions

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