Smart Invest Portfolio

When you take out the policy, you select one or more Smart Invest Bonds. These are investment funds with a fixed term, the return on which depends on the results of one or more underlying values (indices, funds, currencies, etc.).

Each investment fund is assigned a risk class from 1 to 7 (the highest risk level) based on the potential volatility of the assets (bonds, shares, etc.) present in the fund. Of course, you must take your investor profile into account when making your choice. The recommended investment horizon is at least equal to the term of the selected Smart Invest Bond(s).

At the end of the fund's term, the acquired value is automatically transferred to the waiting fund. This fund does not offer a capital guarantee but was chosen for its original investment policy (quantitative management), its attractive return potential and its particularly defensive nature. If you subsequently reinvest in a new Smart Invest Bond, you will no longer pay insurance tax. However, entry fees will be due. During your contract, you always have the option to transfer the reserve of your underlying fund to the waiting fund or to another underlying fund.

The Smart Invest Portfolio is divided into two compartments: one for funds with commitments and the other for funds without commitments. Funds with commitments allow you to know from the outset what they will yield at maturity. This is not the case for funds without commitments. The activation of the compartments takes place as soon as an investment fund is subscribed to, and it remains in place as long as at least one fund is still present.

Depending on the chosen Smart Invest Bond, the net amount of your investment benefits from total or partial protection. Its potential return depends on the results of the Smart Invest Bond funds. At maturity, the released amount is transferred to the waiting fund. If you subsequently sell the units you hold in the waiting fund, you will then recover their value.

Moreover, you can also withdraw all or part of the capital of your contract whenever you wish. In this case, you will receive the value of your units in the selected investment fund(s) on that date, minus the surrender fee and any compulsory deductions, such as withholding tax. The surrender of the total value of your Smart Invest Portfolio will result in the end of the contract.

What would happen if you were to die prematurely? When signing the contract, you can designate someone who will be the beneficiary of the capital of your Smart Invest Portfolio after your death. In the event of death cover, the death capital corresponds to the total number of units held in each fund of the contract, multiplied by the value of each unit on the day of liquidation. Please consult the general conditions for more information.

Insurance tax

2% on the premium paid, including entry fees

Withholding tax

• Compartment without commitment: no withholding tax in the event of surrender or internal transfer to another fund in the Smart Invest Portfolio contract, regardless of its duration
• Compartment with commitment: possible withholding tax in the event of surrender or internal transfer during the first eight years of activation of this compartment

The activation date of the compartment with commitment is indicated in the contractual documents. This tax regime applies to private investors in Belgium and may be subject to future changes. Other categories of investors are invited to inform themselves of the tax regime that applies to them.

Entry fees

2.50% on the net premium invested or on the net reserve transferred

Management fees

up to 1.50% on an annual basis for the chosen fund
Management fees are deducted each year from the unit value of the fund. The management fees of the waiting fund amount to a maximum of 1% on an annual basis.

Surrender fee

1% of the theoretical surrender value of the contract. However, no surrender fee is due on the theoretical surrender value in the event of surrender of:

• units of the waiting fund
• units of a fixed-term investment fund during the last year of the fund
• the acquired value at maturity of a fixed-term investment fund

Transfer fees between funds in your Smart Invest Portfolio contract

• from a fixed-term fund to a new fixed-term Smart Invest Bond: no exit fees from the initial fund, but entry fees apply when going into the new fixed-term fund
• from a fixed-term fund to the waiting fund: exit fees of 1% on the transferred reserve of the initial fund, but no fees if the transfer takes place during the last year or at maturity of the fund. There are no entry fees applicable when going into the waiting fund.

Easy Banking Web allows you to consult the status of your contract. You can find the net asset value of the funds on www.aginsurance.be and in the financial media.

Market risk

The unit value depends on the evolution of the value of the underlying assets and the volatility of the markets. You bear the financial risk yourself. When paying the capital to the beneficiary, the unit value may be higher or lower than its value at the time of premium payment. Therefore, take into account the fact that you risk losing all or part of the invested capital.

Risk of derivative products

Certain factors, such as changes in interest rates and stock market volatility, influence the intermediate unit values of the underlying funds.

Credit risk

Risk of capital loss in the event of bankruptcy or default by AG Insurance SA. The assets of the fund linked to your contract are managed independently of the insurer's assets. In the event of the insurer's bankruptcy, its assets are reserved primarily for the execution of commitments made to policyholders or beneficiaries.

The investor is required to carefully read the general conditions before making any investment decision.

• Investment portfolio – General conditions
• Legal documents on the Smart Invest Bonds of the Smart Invest Portfolio

The Smart Invest Portfolio is a branch 23 insurance-investment product from AG, a Belgian public limited company, distributed by BNP Paribas Fortis. The unit values of the funds can be consulted on the website www.aginsurance.be or in Easy Banking Web. AG SA, bd É. Jacqmain 53, 1000 Brussels – RPM Brussels – VAT BE 0404.494.849 – www.aginsurance.be – Belgian insurance company approved under code 0079, under the supervision of the National Bank of Belgium, bd de Berlaimont 14, 1000 Brussels.

Intermediary: BNP Paribas Fortis SA, Montagne du Parc 3, 1000 Brussels – RPM Brussels – VAT BE 0403.199.702 –, is subject as a Belgian credit institution to the prudential supervision of the European Central Bank and the National Bank of Belgium. BNP Paribas Fortis SA is registered under the aforementioned company number with the FSMA, rue du Congrès 12-14, 1000 Brussels, and acts as a tied insurance agent, remunerated by commissions, for AG SA. BNP Paribas Fortis SA holds a stake of more than 10% in AG SA.

For questions, you can first contact your advisor or consult Article 21 of the general banking conditions.

Complaints can be submitted to BNP Paribas Fortis SA, Complaints Management Department, Montagne du Parc 3, 1000 Brussels, or to AG SA, Complaints Management Department, bd É. Jacqmain 53, 1000 Brussels, by phone at 02 664 02 00 or by e-mail to customercomplaints@aginsurance.be.

If the proposed solution does not satisfy you, you can submit your complaint to the Insurance Ombudsman by e-mail to info@ombudsman-insurance.be, by mail to square de Meeûs 35, 1000 Brussels, or on their website www.ombudsman-insurance.be.