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ING Life Invest
An investment insurance developped by NN Insurance Belgium SA/NV
ING Life Invest is a Branch 23 investment insurance under Belgian law. You can benefit from the advantages of a life insurance product combined with the potential of an investment fund to build your future or that of your loved ones.
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At your own pace
You can invest a single amount and/or build up your capital gradually over time with a regular investment plan that can be adjusted at any time. This investment will be in line with your pre-defined investor profile.
The minimum premium and/or payment amount is €50 (including premium tax and entry fees).
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Tax and costs
The premiums paid are subject to entry fees of 2% maximum and a tax on the life insurance premium of 2%. Annually, the insurance fund management fee amounts to 0.70% and the fees related to the insurance policy's underlying investment fund amount to approximately 1.10%.
However, no stock exchange tax or capital gains tax (withholding tax) will be collected on exit. Please find more detailed information further down on this page.
However, inheritance tax might be due on death, in accordance with the legislation.
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Availability
At ING, we know that it is always possible that you will need money unexpectedly. That is why, subject to certain conditions and taking into account your investment horizon pre-defined with your advisor, you can get back your policy's available reserve (some or all of it) at any time. For withdrawals within the first 48 months of the policy, a fee will be applied on a sliding scale.
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Main risks
The main risks are the market risk, the credit risk, the insolvency risk, the exchange risk and the management-related risk. We recommend that you find out the risks of the life insurance product before subscribing to it. You can find more detailed information about this further down on this page.
Read before you subscribe
The Key Information Document (KID) :
The management rules:
- ING Life Invest Moderated (PDF- FR)
- ING Life Invest Balanced (PDF - FR)
- ING Life Invest Dynamic (PDF - FR)
ING Life Invest General Terms and Conditions (PDF)
These documents are also available free of charge from your ING branch and on this page in three languages (French, Dutch and English).
Private individual between the ages of 18 and 79 residing in Belgium can take out a ING Life Invest policy.
This is a lifetime policy which ends upon the death of the policyholder or once all of the reserve has been withdrawn. You must determine an investor profile to respect your investment horizon. The recommended investment horizon is 5 years.
ING Life Invest Moderated
The insurer invests the capital in the insurance fund NN Life Invest Moderated Fund (ISIN code: BE6313715821) which, in turn, invests in the investment fund ING (B) Fund Index Portfolio Fund Moderated (ISIN code: BE6314602960).
The purpose of this underlying fund is to invest according to a low to moderated risk profile which is constant over time and to generate a return which comes, on the one hand, from growth in the share component and, on the other hand, from revenue derived from the bond products. The underlying fund will pursue this objective by investing mainly in iShares exchange-traded funds (ETFs), which offer exposure to shares, debt securities and interest rate-related securities, real estate sector securities, commodity sector securities and, if considered necessary, in liquid assets and money market instruments.
To preserve a low to moderate risk level, it is expected that allocations between the different asset classes will vary over time.
This insurance linked to investment funds is aimed particularly at investors with a moderated risk profile. Before investing in this product, we recommend that you ensure that you fully understand the characteristics of this product and, most importantly, the risks it entails.
ING Life Invest Balanced
The insurer invests the capital in the insurance fund NN Life Invest Balanced Fund (ISIN code: BE6310968514) which, in turn, invests in the investment fund ING (B) Fund Index Portfolio Fund Balanced (ISIN code: BE6309855052).
The purpose of this underlying fund is to invest according to a balanced risk profile which is constant over time and to generate a return which comes, on the one hand, from growth in the share component and, on the other hand, from revenue derived from the bond products. The underlying fund will pursue this objective by investing mainly in iShares exchange-traded funds (ETFs), which offer exposure to shares, debt securities and interest rate-related securities, real estate sector securities, commodity sector securities and, if considered necessary, in liquid assets and money market instruments.
This fund is exposed to:
- 65% maximum in shares
- 35% minimum in bond-related securities and in debt securities, as well as securities from the real estate sector, the raw materials sector and other assets.
To preserve a low to moderate risk level, it is expected that allocations between the different asset classes will vary over time.
This insurance linked to investment funds is aimed particularly at investors with a balanced risk profile. Before investing in this product, we recommend that you ensure that you fully understand the characteristics of this product and, most importantly, the risks it entails.
ING Life Invest Dynamic
The insurer invests the capital in the insurance fund NN Life Invest Dynamic Fund (ISIN code: BE6313707745) which, in turn, invests in the investment fund ING (B) Fund Index Portfolio Fund Dynamic (ISIN code: BE6314604016).
The purpose of this underlying fund is to invest according to a moderated to dynamic risk profile which is constant over time and to generate a return which comes, on the one hand, from growth in the share component and, on the other hand, from revenue derived from the bond products. The underlying fund will pursue this objective by investing mainly in iShares exchange-traded funds (ETFs), which offer exposure to shares, debt securities and interest rate-related securities, real estate sector securities, commodity sector securities and, if considered necessary, in liquid assets and money market instruments.
To preserve a moderated to dynamic risk level, it is expected that allocations between the different asset classes will vary over time.
This insurance linked to investment funds is aimed particularly at investors with a dynamic risk profile. Before investing in this product, we recommend that you ensure that you fully understand the characteristics of this product and, most importantly, the risks it entails.
The evolution of the capital invested depends on that of the fund NN Life Invest Moderated/Balanced/Dynamic Fund. The fund does not offer any capital guarantee or guaranteed return.
The value of the reserve (the capital invested) depends directly on the value of the underlying fund. The net asset value of the fund can be found at www.nn.be.
Insolvency risk
Life insurance policies are covered by a special and separately managed fund within the insurer's assets. If the insurer should go bankrupt, this fund is reserved first and foremost to meet the commitments to the policyholders and/or beneficiaries. In the event of NN Insurance Belgium SA/NV defaulting on its payments or going bankrupt, it may not be possible to recover the full amount of the policy’s reserve. ING Life Invest is not protected by the "Guarantee fund for financial products".
Market risk
This is a general risk that affects any type of investment. Movements in the price of securities are essentially determined by movements in the financial markets as well as by the economic development of issuers, who are themselves affected by the global economic situation as well as by the economic and political conditions in their countries.
Fund management-related risk
The fund is exposed to different risks which vary depending on the objective and investment policy of the fund. To achieve its objective, the manager invests in different classes and types of asset in varying proportions, depending on market conditions and the investment policy of the fund in question. There is the risk of investments not producing the expected return, despite the expertise of BlackRock, the delegated manager.
Credit risk
This is the risk of an issuer or counterparty defaulting. This risk includes the risk of movements in credit "spreads" and the risk of default. The underlying fund may be exposed to the credit market and/or to certain issuers in particular whose prices will evolve depending on the market’s expectation of their debt reimbursement capacities.
Exchange risk
This is a risk arising from the underlying fund’s direct investments and its financial instrument interventions, resulting in exposure to a currency other than the one in which the underlying fund is valued. Exchange rate fluctuations in this currency against those in which the underlying fund is valued may have a negative impact on the value of the assets in the portfolio. These risks are borne by the policyholder and mean that the capital is not guaranteed.
On each premium paid (min. €50 taxes and fees included), the fees are:
- Entry fees: 2% maximum on any premium paid.
- Tax on life insurance premium(s): 2% on any premium paid.
- Fund-related fees:The management fee : 0.70% per year and is calculated on a monthly pro rata basis on the net asset value of the insurance fund.
- The costs of the underlying investment fund: approximately 1,13% (ING Life Invest Moderated), 1,10% (ING Life Invest Balanced), 1,11% (ING Life Invest Dynamic) per year and are already calculated on a monthly pro rata basis in the net asset value of this investment fund. The fund NN Life Invest Moderated/Balanced/Dynamic Fund invests in another underlying investment fund, ING (B) Fund Index Portfolio Moderated/Balanced/Dynamic Fund, managed by ING Solutions Investment Management. This underlying investment fund also has its own costs. The management fees and the costs of the underlying investment fund include operating fees such as custodial fees, administrative fees, the fees for annual reports and publications, and transaction and other fees. The management fee as well as the aforementioned fees are included in the net asset value of the insurance fund. These fees include the remuneration to ING in Belgium for its services as an intermediary. For more information, please read the management rules.
- Redemption fee: the cost of a total or partial withdrawal applies as from the second month following the effective date of the policy and amounts to 4.80%. Subsequently, the cost reduces by 0.10% each month for the next 48 months. Consequently, after four years and one month, there is no fee left to pay. This fee does not apply in the event of cancellation during the statutory 30-day cooling-off period.
The reserve paid out to the beneficiary or beneficiaries is subject to inheritance tax in accordance with the legislation.
Please note that these tax arrangements apply to private investors in Belgium and are always subject to changes in the future.
You can keep track of your policy via ING Home’Bank or in branch.
Each year, NN Insurance Belgium SA/NV sends the policyholder an annual statement mentioning the value of the policy as at 31 December of the previous year.
NN Insurance Belgium (formerly ING Life Belgium) is an insurance company within the NN Group, with a long history in Belgium. The NN Group is an insurance and investment management company that is listed on the stock exchange and has a strong European focus. Present in 18 countries, and with a total of around 12,000 employees, the group provides services relating to pensions, insurance, investments and also banking services (only in the Netherlands) to over 15 million customers.
- In the event of a complaint, you can contact ING. Contact us online: www.ing.be/plaintes, by phone: +32 2 464 60 04 or by post: ING Complaint Management, Cours Saint Michel 60, 1040 Brussels.
- If you are not satisfied with the outcome, you can contact the Financial Ombudsman, Rue Belliard 15-17, 1040 Brussels (www.ombudsfin.be) or, for insurance policies, the Insurance Ombudsman, Square de Meeûs 35, 1000 Brussels (www.ombudsman.as).
ING Life Invest is offered and proposed to you (subject to acceptance by the insurer and mutual agreement) by:
Insurer:
NN Insurance Belgium SA/NV, mortgage lender licensed by the FSMA and insurance company licensed by the NBB under number 2550 for Branches 1a, 2, 21, 22, 23, 25, 26. Registered office: Avenue Fonsny 38, B-1060 Brussels – Brussels Trade Register – VAT BE 0890 270 057 – BIC: BBRUBEBB – IBAN: BE28 3100 7627 4220.
Insurance intermediary:
ING Belgium SA/NV, an insurance broker registered with the FSMA under code number 12381A. Registered office: Avenue Marnix 24, B-1000 Brussels – Brussels Trade Register – VAT BE 0403 200 393 – www.ing.be – BIC: BBRUBEBB – IBAN: BE45 3109 1560 2789.
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