PLCDS – Complementary pension for employees in the care sector

You enjoy additional protection through your PLCDS contract, thanks to the solidarity benefits. Here are the cover and benefits:

• a monthly allowance, with a maximum of €25,000 per year, in the event of total incapacity for work and after a waiting period of three months
• payment of premiums by AG during your entire incapacity for work, and after a waiting period of one year
• an amount equivalent to 15% of your pension contribution and a welcome gift of €500 for each new-born child
• a survivor's allowance for your loved ones for 10 years, depending on your age at the time of death and with a maximum of €20,000 per year
• a lump-sum payment equal to twice your last pension contribution if you become seriously ill

The net amount of each premium (after deduction of taxes and entry fees) is invested until your retirement (early retirement) at the interest rate at the time of payment. This interest rate remains valid for the entire duration of the contract.

You may receive an annual profit-sharing payment on your PLCDS premiums. This profit-sharing payment is not guaranteed, may vary from year to year and depends on AG's results and the economic situation.

The gross overall yield (guaranteed interest rate + profit-sharing payment) of the PLCDS from AG was 2.40% in 2024. This yield does not take into account fees and taxes.

Furthermore, past yields do not provide any guarantee for future yields.

Your PLCDS will be paid out at the time of your retirement (early retirement). At maturity, you pay an INAMI contribution of 3.55% and a solidarity contribution of 2% at most on the acquired capital and profit-sharing payment.

Furthermore, the capital is taxed according to the fictitious income regime. This means you only have to declare a small part of the capital to personal income tax for 10 or 13 years. The percentage to be declared and the duration of the declaration depend on your age at the time of payment of your pension.

The profit-sharing payments granted are exempt from tax.

Complementary pension insurance for the self-employed is not covered by the protection regime applicable to branch 21 products and is therefore not covered by the Financial Services and Markets Authority.

To reflect the responsible nature of its products, AG implements various strategies, such as:

• the integration of environmental, social, and governance (ESG) factors, using ESG risk scores and other metrics. 
• the exclusion of companies involved in controversial activities [tobacco, arms, coal, non-conventional energy sources such as tar sands and shale gas]. 
• the exclusion of companies that fail to respect the principles of the United Nations Global Compact.
• a 'best-in-class' approach, focusing on companies that demonstrate strong ESG performance.
• active ownership, engaging with companies to promote sustainable practices and improve ESG outcomes.

This product has environmental or social characteristics, but does not have a sustainable investment objective as such.

You can find more information on AG's approach to sustainable and responsible investing applied to its branch 21 products.

The PLCDS received the 'Towards Sustainability' label in March 2020. This label is regularly re-evaluated and subject to ongoing monitoring and is a quality standard supervised by the Central Labelling Agency (CLA). To meet this standard, financial products must meet a number of minimum sustainability requirements, both at portfolio and investment process level. You can find more information about the label on towardssustainability.be.

Obtaining this label does not mean that the PLCDS meets your own sustainability objectives.

Be sure to read the general terms and conditions and the information sheet before concluding a contract:

• General terms and conditions PLCDS
• Information sheet PLCDS
• Information sheet Environmental and/or social characteristics

If you have a complaint, you can submit it to BNP Paribas Fortis SA, Complaint Management JQABD, Montagne du Parc 3, 1000 Brussels, tel. 02 228 72 18, gestiondesplaintes@bnpparibasfortis.com or via www.bnpparibasfortis.be > Suggestions or complaints > online complaint form.

If the proposed solution does not satisfy you, you can submit your complaint by post to the Insurance Ombudsman Service, Square de Meeûs 35, 1000 Brussels, BCE: 884.072.054, tel.: 02 547 58 71, info@ombudsman-insurance.be - www.ombudsman-insurance.be.

AG Insurance SA/nv – 53 Boulevard Emile Jacqmain, B-1000 Brussels – RPM/RPR Brussels – VAT BE 0404.494.849 – http://www.aginsurance.be/. Accredited insurance company licenced under code number 0079, under the supervision of the National Bank of Belgium, 14 Boulevard de Berlaimont, B-1000 Brussels.

Intermediary: BNP Paribas Fortis SA/nv – 3 Montagne du Parc, B-1000 Brussels – RPM/RPR Brussels – VAT BE 0403.199.702, registered with the FSMA, 12-14 Rue du Congrès, B-1000 Brussels, under code number 025879 and acting as a contractually appointed insurance agent on behalf of AG Insurance SA/nv. BNP Paribas Fortis SA/nv holds a stake of more than 10% in AG Insurance SA/nv.