Funeral insurance
- Leave behind beautiful memories instead of financial concerns
- Protect your loved ones from the financial consequences of your funeral
- Decide how much you want to insure
Choose the beneficiary yourself
The policyholder is free to determine the beneficiary. This can be a family member or friend, or the undertaker who arranges the funeral.
Want to designate the undertaker as the beneficiary?
In that case, KBC Brussels settles the invoice for the funeral directly with the undertaker. KBC Brussels will use the sum insured to pay the first funeral invoice it receives within 45 days of the insured’s death.
Any funds remaining after paying the invoice go to the estate. We will pay the sum insured to the estate if we don’t receive an invoice within 45 days.
Why take out KBC Funeral Insurance?
KBC Funeral Insurance lets you protect your loved ones against the financial consequences of your funeral.
Choose the amount you want to insure
How much you insure for your funeral is up to you. In other words, the sum insured can be freely determined, but must lie between 4 000 euros and 10 000 euros.
If you want the amount to keep up with the rising costs of a funeral, you should opt for indexation. This means that the amount will increase by 2% each year relative to your chosen capital sum.
Premium
You can choose to pay either:
- a fixed monthly premium by direct debit for 15 years
- a single premium (mandatory for insured persons aged 66 and over)
Your funeral, just the way you want it
While you may trust your family or friends to arrange a proper funeral for you, the way it is carried out is often not discussed in detail. If it’s important to you for your funeral and everything involved to proceed as you wish, it is useful to record this in a will. This document ensures your personal wishes for your funeral are made known to your next of kin.
Tax treatment of your funeral insurance
While you may trust your family or friends to arrange a proper funeral for you, the way it is carried out is often not discussed in detail. If it’s important to you for your funeral and everything involved to proceed as you wish, it is useful to record this in a will. This document ensures your personal wishes for your funeral are made known to your next of kin.
What’s excluded?
As with any insurance, exclusions apply. These include the following:
- Death of the insured by suicide in the first year of the contract (euthanasia according to the legal provisions is, however, not an exclusion)
- Death of the insured as a consequence of an act of violence or active participation in events of war
You can find a complete list of exclusions in the general conditions.
More things you need to know
- KBC Funeral Insurance is governed by the laws of Belgium.
- Future tax treatment can change and depends on your individual circumstances. Your KBC Insurance intermediary will be happy to give you bespoke advice in this respect.
- Term: life-long. The sum insured will be paid out when the insured dies, regardless of when this occurs.
- KBC Funeral Insurance is subject to medical acceptance on the basis of a short medical statement. The insured must be younger than 76 years of age at the time the insurance is taken out.
- Your intermediary is the first point of contact for any complaints you may have. If no agreement can be reached, you can contact KBC Complaints Management by post at Brusselsesteenweg 100, 3000 Leuven, by e-mail at complaints@kbc.be, by telephone on tel. 016 43 25 94. If you cannot find a suitable solution, you can contact the Belgian insurance industry’s ombudsman service: Ombudsman van de Verzekeringen, de Meeûssquare 35, 1000 Brussels, info@ombudsman-insurance.be, www.ombudsman-insurance.be.
This does not affect your legal rights. Contact your KBC Insurance intermediary to request a quote for KBC Funeral Insurance. - KBC Funeral Insurance is a guaranteed-interest (class 21) life insurance product.
KBC Funeral Insurance is a product from KBC Insurance – Professor Roger Van Overstraetenplein 2 – 3000 Leuven – Belgium
VAT BE 0403.552.563 – RLP Leuven – IBAN BE43 7300 0420 0601 – BIC KREDBEBB
Company licensed by the National Bank of Belgium, de Berlaimontlaan 14, 1000 Brussels, Belgium, for all classes of insurance under code 0014 (Royal Decree of 4 July 1979, Belgian Official Gazette of 14 July 1979).
Member of the KBC Group.