Waiting policy

With a waiting policy, you always have access to affordable hospitalisation insurance even if you lose cover under your collective hospitalisation scheme. A waiting policy is a smart investment that allows you to finance the premiums for your individual hospitalisation scheme. It assures you of an affordable premium in the future and will save you from financial worries in case of hospitalisation.

Taking out a waiting policy enables you to fund part of the future premiums for your individual hospitalisation scheme in advance. You pay an individual premium monthly and continuously for your waiting policy, calculated on the basis of your current age at the start of that waiting policy. If later on you lose the cover under your collective hospitalisation scheme, you will benefit from individual hospitalisation insurance at a reduced premium calculated on the basis of your age at the start of your waiting policy. That way, you avoid having to take out an expensive individual hospitalisation scheme later on.

In the current market situation, there are two options for pre-financing your individual hospitalisation insurance:

1. Waiting policy
   A waiting policy that guarantees you the opportunity to take out an individual hospitalisation scheme in the event of loss of cover under your collective hospitalisation insurance, with the premium being calculated on the basis of a lower age of entry. You are also covered by a hospitalisation policy on top of your current collective scheme. This type of policy is offered by AG Insurance.
   
   Everyone who has joined a collective hospitalisation scheme can take out a waiting policy with AG Insurance, irrespective of which insurance company manages the collective insurance scheme. If you are insured collectively with AG Insurance, you do not need to complete a medical questionnaire. If you are not insured collectively with AG Insurance, you will have to complete a medical questionnaire
   
   

2. Branch 21 savings insurance policy
   A pre-financing product in the form of a Branch 21 savings insurance policy that guarantees a minimum return. This allows you to accumulate a reserve that you can use later on to pay the premiums for an individual hospitalisation scheme. In the event of death, the accumulated reserve will be paid to the designated beneficiary. This product is offered by KBC.
   
   For more information about KBC’s product, contact your KBC insurance agent or personal broker.

If you have not yet taken out a waiting policy, you can contact us via the contact form.