Compare the top life insurance providers in Belgium — see cover, features and typical rates side by side.
20 live offers compared from 20 providers, from €13 /mois. Updated daily.
€13 /mois
€14 /mois
€14 /mois
€14 /mois
€15 /mois
€15 /mois
€15 /mois
€15 /mois
€16 /mois
€16 /mois
€16 /mois
€16 /mois
€17 /mois
€17 /mois
€18 /mois
€18 /mois
€18 /mois
€20 /mois
€22 /mois
€25 /mois
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.
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.
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.
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.
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.
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.
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.
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.
Giraffy tracks 5 life insurance products across Fidea Life BE,Belfius Life BE,Fortis Life BE,ING Life BE,AG Life Insurance BE 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.
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.
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.
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.
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.
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.