INSURANCE

Optional employment loss insurance

IN PRACTICE

Borrow with peace of mind

Losing your job unexpectedly can happen to anyone. You can, however, limit the financial impact on you and your family with an optional employment loss insurance that temporarily reimburses your loan instalments.

YOUR BENEFITS

Your instalments reimbursed

With the optional employment loss insurance, you can give yourself the opportunity to find a new job after an involuntary redundancy. The insurance reimburses up to 12 instalments during the covered period.

MORE INFORMATION

Quick and easy

After completing your loan application online, you can request the optional employment loss insurance online or through your advisor.

Protect yourself and your loved ones in case of unexpected employment loss

Unexpected employment loss

  • You work under an indefinite-term contract (at least part-time)
  • You are not retiring (early)
  • You did not resign, are not on partial or temporary unemployment, or have not been informed of a redundancy procedure

When does the insurance kick in?

  • There is a 6-month waiting period from the date of subscription
  • Reimbursement beings not earlier than after the 3-month waiting period, starting from the date of employment loss

12 months maximum of reimbursement

In case of employment loss and after a 3-month waiting period, the insurance reimburses up to 12 instalments, including the insurance premium, during the coverage period.

The benefits of optional employment loss insurance

Discover the benefits of optional employment loss insurance.

Maximum amount

You are covered up to a maximum of €50,000 for all insured loans for which you are (co-) borrower. At the end of the loan, you must be under 65 years old. 

Clear and transparent

The premium is 4% of your loan instalment and is included in the monthly repayment.

Easy to sign up for

Complete and sign the subscription form online or at the agency. As soon as the loan amount is credited to your account, the insurance becomes effective.

The scope of your protection

The main risks covered

  • Involuntary termination of an indefinite-term contract (at least part-time)

The main risks not covered

  • Unemployment due to the expiration of a fixed-term contract, dismissal for gross misconduct, resignation of the insured, retirement, early retirement or pension

  • Temporary, economic or part-time unemployment (with or without income guarantee)

Discover the complete list of all covered and non-covered risks

  • The list above is non exhaustive. Please refer to the general conditions to discover the exact extent of the guarantees. The information sheet lists the main characteristics of this insurance. To obtain an offer, please contact your advisor or call the Easy Banking Centre at 02 433 41 30. You can also make an online simulation after completing the loan application procedure on our website.

Learn more

Before subscribing to your insurance, please read the following documents:

The optional employment loss insurance is a collective insurance policy under Belgian law, concluded by Alpha Credit SA – the policyholder – with AG SA – the insurer – and distributed by BNP Paribas Fortis. 

Not satisfied?

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

If the proposed solution does not satisfy you, you can address your complaint by mail 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.

A question? Need advice?

We are available and are happy to help.

Contact the Easy Banking Centre at 02 433 41 30 or make an appointment with your advisor.

IN 3 STEPS

Request your optional employment loss insurance

1

Borrow for a project

Online or with the help of your advisor, find the loan that best suits your project.

2

Choose an insurance

Estimate the financial impact of an involuntary job loss on yourself and your loved ones and check if you meet the subscription conditions.

3

Sign up

Complete the subscription form within 30 days of accepting your loan application online (or 60 days through your advisor). Your contract starts as soon as the loan amount is credited to your account.

Personalised protection for your project

  • Loan insurance

    With the optional loan insurance (branch 21), a collective insurance, you can realise your projects without putting your finances or those of your loved ones at risk in the event of disability or death.

    Discover the insurance

  • Car Liability Insurance

    Car Liability Insurance (RC) covers material and physical damages you may cause to others, and more. You can therefore drive with peace of mind in Belgium and abroad.

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  • Family insurance

    Top Family Insurance (liability insurance) offers excellent coverage for you, your household members, your children, and your pets, in case one of you damages someone else's property or causes harm to someone.

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  • Life and death insurance

    Is there anything more important than protecting your loved ones? With life insurance, outstanding balance insurance, and/or temporary death insurance, you shield them from many difficulties in the event of your death.

    Protect your loved ones

Legal information

Credit form: loan. The provisions of the Consumer Credit Act, Chapter 1, Title 4, Book VII of the Economic Law Code apply. Subject to acceptance of your application by Alpha Credit SA, lender, Montagne du Parc 8/C, 1000 Brussels – RPM Brussels – VAT BE 0445.781.316. Tied agent: BNP Paribas Fortis SA, Montagne du Parc 3, 1000 Brussels – RPM Brussels – VAT BE 0403.199.702. 

AG Insurance (in short AG) SA – Bd E. Jacqmain 53, B-1000 Brussels - www.aginsurance.be - info@aginsurance.be - RPM Brussels – VAT BE 0404.494.849 - Insurance company approved under code number 0079, under the supervision of the National Bank of Belgium, Bd de Berlaimont 14, 1000 Brussels.

Intermediary: BNP Paribas Fortis SAMontagne du Parc 3, B-1000 Brussels – RPM Brussels – VAT BE 0403.199.702, is registered under this number with the FSMA, Rue du Congrès 12-14, 1000 Brussels, and acts as a tied insurance agent, remunerated by commissions, for AG Insurance SA. BNP Paribas Fortis SA holds a stake of more than 10% in AG Insurance SA.

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