Fidea Life BE Fidea Life BE
€13 /month
- Monthly Premium: From €13/month
- Cover Amount: €250,000
- Policy Term: 20 years
- Key Feature: Fidea — often cheapest BE term life; Amma group; online-first
Compare Life Insurance in Belgium
Life insurance in Belgium is available from 1 insurer across term life, whole-of-life and decreasing-cover products designed to protect mortgage and family obligations. Compare the guaranteed premiums and sum assured for the full policy term — some plans offer fixed premiums while others increase with age, making early lock-in significantly cheaper.
Compare the top 20 Belgian life insurance providers, with premiums from €13 /month. Data current as of 23 October 2026 and updated daily from the Giraffy database.
Live offers
20 live offers compared from 20 providers, from €13 /month. Updated daily.
Belfius Life BE Belfius Life BE
€14 /month
- Monthly Premium: From €14/month
- Cover Amount: €250,000
- Policy Term: 20 years
- Key Feature: Belfius — government bank insurer; app-managed; mortgage combo
Fortis Life BE Fortis Life BE
€14 /month
- Monthly Premium: From €14/month
- Cover Amount: €250,000
- Policy Term: 20 years
- Key Feature: Fortis Life (AG) — heritage brand; no-medical under 45 option
ING Life BE ING Life BE
€14 /month
- Monthly Premium: From €14/month
- Cover Amount: €250,000
- Policy Term: 20 years
- Key Feature: ING — bank-insurer; online discount; integrated app management
AG Life Term Insurance BE AG Life Insurance BE
€15 /month
- Monthly Premium: From €15/month (35yo non-smoker)
- Cover Amount: €250,000
- Policy Term: 20 years
- Key Feature: AG Insurance — largest BE life insurer; Fortis heritage; linked mortgage option
KBC Life BE KBC Life Insurance BE
€15 /month
- Monthly Premium: From €15/month
- Cover Amount: €250,000
- Policy Term: 20 years
- Key Feature: KBC — Kate AI; integrated banking + insurance; digital claims
DVV Life Insurance BE DVV Belgium
€15 /month
- Monthly Premium: From €15/mo
- Cover Amount: Up to €500,000
- Policy Term: 10–30 years
- Key Feature: Disability rider option
P&V Protect Term Life P&V Assurances
€15 /month
- Monthly Premium: From ~EUR 15/mo
- Cover Amount: EUR 100k-EUR 1m
- Policy Term: 10-35 jaar
- Key Feature: P&V cooperative; competitive; P&V Protect; mutual no-shareholder model
Baloise Belgium Protect Term Baloise Belgium
€16 /month
- Monthly Premium: From ~EUR 16/mo
- Cover Amount: EUR 100k-EUR 1m
- Policy Term: 10-30 jaar
- Key Feature: Baloise (Swiss); Baloise Protect; bundled home + life discount
Generali Life BE Generali Life BE
€16 /month
- Monthly Premium: From €16/month
- Cover Amount: €250,000
- Policy Term: 20 years
- Key Feature: Generali — European leader; group life + critical illness add-on
NN Belgium LifeCycle Term NN Belgium
€16 /month
- Monthly Premium: From ~EUR 16/mo
- Cover Amount: EUR 100k-EUR 1.5m
- Policy Term: 10-35 jaar
- Key Feature: NN Group (ING spin-off); NN LifeCycle; digital-first NL/BE
AXA Life BE AXA Life BE
€16 /month
- Monthly Premium: From €16/month
- Cover Amount: €250,000
- Policy Term: 20 years
- Key Feature: AXA — global brand; pension + life combo; strong customer service
AXA Belgium AXA Protect+ Term AXA Belgium
€17 /month
- Monthly Premium: From ~EUR 17/mo
- Cover Amount: EUR 100k-EUR 1.5m
- Policy Term: 10-35 jaar
- Key Feature: AXA BE; bankverzekering; AXA Protect+ term; AXA Health + Life combo
Zurich Life BE Zurich Life BE
€17 /month
- Monthly Premium: From €17/month
- Cover Amount: €250,000
- Policy Term: 20 years
- Key Feature: Zurich — Swiss group; investment-linked options available
AG Insurance Life Term AG Insurance
€18 /month
- Monthly Premium: From ~EUR 18/mo
- Cover Amount: EUR 100k-EUR 2m
- Policy Term: 10-40 jaar
- Key Feature: AG Insurance — Belgium's #1 insurer; AG Life; Ageas group; wide broker network
Allianz Life BE Allianz Life BE
€18 /month
- Monthly Premium: From €18/month
- Cover Amount: €250,000
- Policy Term: 20 years
- Key Feature: Allianz — European major; strong claims; unit-linked add-on
HDI Life Insurance BE HDI Belgium
€18 /month
- Monthly Premium: From €18/mo
- Cover Amount: Up to €500,000
- Policy Term: 10–25 years
- Key Feature: Joint life policy option
AIG Life Insurance Belgium AIG Belgium
€20 /month
- Monthly Premium: From €20/mo
- Cover Amount: Up to €1,000,000
- Policy Term: 10–30 years
- Key Feature: Critical illness rider
Patronale Life Insurance BE Patronale Belgium
€22 /month
- Monthly Premium: From €22/mo
- Cover Amount: Up to €600,000
- Policy Term: 10–30 years
- Key Feature: Belgian group life specialist
Chubb Life Insurance BE Chubb Belgium
€25 /month
- Monthly Premium: From €25/mo
- Cover Amount: Up to €750,000
- Policy Term: 15–25 years
- Key Feature: No medical exam option
What is Life Insurance in Belgium?
Life insurance in Belgium spans two quite different purposes. Term or risk life cover (assurance décès) pays a lump sum if you die during the policy term, protecting your family or repaying a debt. Savings-oriented life insurance builds capital over time, split into branche 21 contracts with a guaranteed return and branche 23 unit-linked contracts whose value follows investments. Providers such as AG Life Insurance BE, AG Insurance, Baloise Belgium, AXA Belgium and ING Life BE offer both families of product in French and Dutch.
How the Belgian market works
A large share of Belgian life policies are tied to home loans. When you take a mortgage, lenders typically require an outstanding-balance cover known as solde restant dû in French or schuldsaldoverzekering in Dutch, which repays the loan if the borrower dies. Separately, savings-focused customers choose between the stability of branch 21 and the growth potential of branch 23. Insurers including Generali Life BE, AXA Life BE, Belfius Life BE and ING Life BE distribute these through banks and brokers.
Benefits
Family protection — term life from insurers like AXA Belgium or Baloise Belgium pays a lump sum that helps dependants cope financially after a death.
Mortgage security — solde restant dû / schuldsaldoverzekering repays your home loan, protecting your household from debt.
Guaranteed saving — branch 21 contracts from AG Insurance or Belfius Life BE offer a guaranteed return for cautious savers.
Investment growth — branch 23 unit-linked contracts aim for higher returns by tracking investment funds, for savers comfortable with variability.
How to choose
First separate the protection question from the savings question. If your goal is family or mortgage protection, focus on term or outstanding-balance cover and the sum insured. If your goal is saving, decide between the certainty of branch 21 and the growth potential of branch 23, and review the fees and guarantee terms. Compare how premiums are taxed and any surrender conditions. Quotes from AG Life Insurance BE, Generali Life BE, AXA Life BE and ING Life BE help you match product to purpose.
Leading providers in Belgium
AG Insurance and its life arm AG Life Insurance BE are among the largest life insurers in the country. Baloise Belgium, AXA Belgium and AXA Life BE offer broad risk and savings ranges, while ING Life BE, Belfius Life BE and Generali Life BE distribute strongly through banking channels. Between them they cover term protection, mortgage cover, and both branch 21 and branch 23 savings, in both national languages.
What it costs
Pure term or risk life cover is relatively affordable, often in the region of €13 to €25 per month depending on age, health, sum insured and term. Savings contracts work differently: you contribute premiums that build capital, with costs expressed as entry and management fees. A 2% insurance premium tax applies to many life contracts, and certain products carry a précompte withholding on returns, so the after-tax outcome matters as much as the headline rate.
Protections and regulation
Life insurers are supervised by the FSMA for conduct and product disclosure and by the National Bank of Belgium (NBB) for solvency. Branch 21 guarantees are backed by the insurer and the applicable protection framework, while branch 23 values fluctuate with markets and carry investment risk. Tax rules, including the 2% premium tax, are set nationally, and bilingual disclosure requirements ensure terms are clear in both French and Dutch.
Common questions
What is the difference between branch 21 and branch 23? Branch 21 offers a guaranteed return with capital protection, while branch 23 is unit-linked and follows investments, offering higher potential returns but no guarantee.
Do I need life insurance for my mortgage? Lenders typically require outstanding-balance cover (solde restant dû / schuldsaldoverzekering) so the loan is repaid if the borrower dies.
Is life insurance taxed? A 2% insurance premium tax applies to many contracts, and some products carry a précompte withholding on returns.
The cheapest Life Insurance in Belgium is €13 /month from Fidea Life BE.
Life Insurance in Belgium — FAQ
How much does life insurance cost in Belgium?
Giraffy tracks 20 life insurance products across 20 insurers in Belgium. The lowest tracked monthly premium is €13 /month. Premiums vary significantly by age, health, cover amount, and policy type — a healthy non-smoker in their 30s can typically get a large sum of level term cover for a modest monthly premium. Compare quotes to see rates for your specific profile.
What is the difference between term life and whole-of-life insurance?
Term life insurance pays out only if you die within the policy term (e.g. 20 or 25 years) — premiums are lower and it suits protecting a mortgage or dependants during working years. Whole-of-life insurance guarantees a payout whenever you die, with higher premiums. Most people with dependants and a mortgage benefit most from term cover.
How much life insurance cover do I need?
A common starting point is 10× your annual income, or enough to pay off your mortgage plus 3–5 years of income replacement for your dependants. Consider: outstanding debts, partner's income, number of dependants, childcare costs, and funeral expenses. A financial adviser can model your specific needs.
What is the difference between level term and decreasing term life insurance?
Level term pays a fixed lump sum if you die during the term — suitable for covering a fixed obligation like family living costs. Decreasing term reduces in line with an outstanding debt (typically a repayment mortgage) — it's cheaper but pays less over time as it mirrors your reducing debt.
Can I get life insurance with a pre-existing medical condition?
Yes — most insurers will cover pre-existing conditions, but may charge a higher premium, exclude the specific condition from the payout, or add a postponement period. Using a specialist broker increases your chances of finding the right cover at the best price without unnecessary application declines.
Is the life insurance payout tax-free for my beneficiaries?
In many markets — including the UK and most GCC countries — life insurance payouts to named beneficiaries are exempt from income tax. However, the payout may form part of your estate for inheritance tax purposes. Writing your policy in trust removes it from your estate and speeds up the claims process significantly.