Outstanding balance insurance
Protect your loved ones, without overpaying.
Outstanding balance insurance repays all or part of the capital still owed to the bank in the event of the borrower's death. It protects your family and the property.
Outstanding balance insurance (ASRD) is a life insurance linked to your credit: if the insured borrower dies, the insurer repays the remaining balance of the loan (according to the insured share), sparing your loved ones from having to shoulder the monthly payments or lose the property. It is not legally mandatory, but lenders very often require it and sometimes make the rate granted conditional on it.
Key point: in Belgium, you are free to choose the insurer. You are not required to take out the contract offered by the bank — an external contract is often cheaper for equivalent guarantees. We compare the offers on the market (rate, insured share, guarantees, medical questionnaire) to cover you effectively without overpaying.
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