Junior Future Plan

Flexible saving for your children, grandchildren, or any other child

Children grow up so fast. Before you know it they are ready to leave the nest. When that time comes, you probably would love nothing more than to help them out with a small financial boost. For that purpose we have set up a practical formula in the form of an individual life insurance (a combination of branch 21 and 23). Save at your own pace for a minimum period of 10 years, until the 18th, 21st or 24th birthday of the beneficiary, starting from EUR 30 per month or EUR 360 per year. Single payments are also possible, starting from EUR 360. Do you want to make an additional payment or suspend the payment of premiums? No problem!

Save in my child's or my own name?

You can easily start a Junior Future Plan in a child's name, but if you fear that the capital will be misspent, you can also purchase a Junior Future Plan in your name and designate the child as a beneficiary. This way, you always have the option to change the beneficiary during the duration of the contract.

Branch 21 for more security, branch 23 for prospects of a higher return

With this investment insurance you invest in both a branch 21 insurance (Capital Constitution) and in a branch 23 insurance (Capital Plus). Branch 21 provides security, because you know exactly how much each deposit will yield, and you are sure to recover the invested capital at the end. Branch 23 allows you to aim for a higher return. In return, you agree to take on more risk.

Choose the level of security of your investment

Based on your investment profile, you decide how much you want to invest in each branch. 70% in branch 21 and 30% in branch 23? Or 50% in each? The choice is yours. It is also always possible to make changes later on.

Capital Constitution provides security

Each premium contributes to the formation of guaranteed capital. The net amount (excluding tax and entry fee) of each deposit is invested at the interest rate applicable at the time of the payment. This continues throughout the duration of the contract, therefore you know exactly how much each deposit will yield.

Capital Plus for prospects of a higher return

The branch 23 component allows you to invest in a wide range of investment funds. You choose your investment fund(s) taking into account various criteria, such as your age, your family situation, your assets and your short and long-term plans.

The yield is not guaranteed and depends on the performance of the chosen investment funds. Gradually, as the deadline approaches, these funds will be replaced by less risky funds to secure a part of the output already obtained.

For more information, see the regulations of the proposed investment fund.

What is in it for you?

Capital Constitution:

  • Guaranteed interest rate: 0.50% on the net amount paid (effective 01/08/2016). This is the amount excluding tax and entry fees.
  • Potential profit-sharing: added to the insured amount.

Upon maturity, the beneficiary will receive the accumulated capital (any profit-sharing included).

Capital Plus:

  • Potential yields are based on the performance of the chosen investment funds.

Upon maturity, the beneficiary will receive the value of the shares invested through Capital Plus.

But what if disaster strikes and you die before the maturity date of the contract?

In this case, 101% of the reserve of the contract, plus the possible payout, will be paid to your beneficiary. Be aware that this amount may be subject to inheritance tax.


Insurance tax: 2% of the paid premium.

Withholding tax:

  • Capital Constitution contract: In case of capital redemption within the first eight years of your contract, you will pay 27% withholding tax.
  • Capital Plus contract: No withholding tax.
This tax regime applies to private investors in Belgium and may be subject to change. Other categories of investors are requested to inform themselves about the tax regime applicable to them.


Entry fee: 3.5% of the net premium paid. Have you been able to save up EUR 25,000 with your Junior Future Plan? Then you only pay a 3% entry fee for every subsequent deposit. The entry fee declines annually by 0.5% during the 5th, 4th and 3rd year before the contract expires. You do not pay entry fees on payments made during the last two years of the contract.

Exit fee: 0% (at maturity of the contract or upon death of the insured)

Management fee: 0% for the Capital Constitution component (branch 21). For the Capital Plus component (branch 23) the management fee depends on the fund and is automatically included.

Redemption fee: 5% of the surrender value. In case of redemption in the last five years of the contract, the redemption fee decreases by 1% per year. At the age of 12 and after the age of 18 of the beneficiary child, you pay no redemption fee.

Special redemption fee: In case of redemption during the first eight years of the contract, a financial correction may be applied. The surrender value is then adjusted by a factor reflecting changes in market interest rates.

Cost to transfer between funds (branch 23): Transfers of funds within the Capital Plus component are free twice during a calendar year; for additional transfers, a 1% fee is charged of the value transferred.

Cost to transfer from branch 21 to branch 23 or vice versa: Transfers of funds between the branch 21 component and the branch 23 component (and vice versa) are free twice per year; for additional transfers, a fee of 1% of the value transferred is charged.

How can you track your investment?

Each year you will receive an overview of your contract, including a record of any bonuses granted. Easy Banking Web allows you to consult the current state of your contract at any time. You will find the underlying funds of the branch 23 component in financial reporting and at

What are the risks involved with this investment?

Capital Constitution component

Credit risk

This product is covered by the Guarantee Fund on the basis of the protection regime applicable to branch 21 products. It takes effect in case of prolonged failure of AG Insurance and currently covers a maximum amount of EUR 100,000 per policyholder, per insurance company. In the case of larger amounts, only the first EUR 100,000 are guaranteed, and the saver risks partially or completely forfeiting the excess amount.

Capital Plus component

Bankruptcy of the insurer

The assets of the fund associated with your contract are managed separately from the assets of the insurer. In case of bankruptcy of the insurer, its capital is first and foremost used to fulfill the commitments to the policyholders and/or beneficiaries.

Market risk

The unit value depends on the performance of the underlying assets and market developments. You yourself bear the financial risk. Upon payment of the capital to the beneficiary, the unit value may be higher or lower than its value at the time you paid the premium. So keep in mind that you could lose all or parts of the investment.

Liquidity risk

In exceptional circumstances, shares might temporarily not be available for trade.

Risks associated with the management of funds

Funds are exposed to various risks that vary depending on the investment objective and policies of these funds (and any underlying funds). To achieve their objective, the managers of each fund invest in different asset classes and types. The ratio depends on market conditions and the fund's policies. Despite the expertise of specialists, there is a risk that the investments do not yield the expected result.

Want to know more?

Notice: the investor must take note of the general terms and conditions and the financial fact sheet before making an investment decision.

Legal information

The Junior Future Plan is a savings-based insurance (branch 21 and 23) from AG Insurance, limited company under Belgian law, distributed by BNP Paribas Fortis. AG Insurance sa/nv – 53 Boulevard Emile Jacqmain, B-1000 Brussels – RPM/RPR Brussels – VAT BE 0404.494.849 – Accredited insurance company licensed under code number 0079, under the supervision of the National Bank of Belgium, 14 Boulevard de Berlaimont, 1000 Brussels.

BNP Paribas Fortis sa/nv, 3 Montagne du Parc, B-1000 Brussels – RPM/RPR Brussels – VAT BE 0403.199.702, registered with the FSMA under n° 25.879A and acting as a contractually appointed insurance agent on behalf of AG Insurance sa/nv. For all your questions, contact any branch of BNP Paribas Fortis.

In case of complaints, please contact

  • BNP Paribas Fortis sa/nv - Complaint Management - 3 Montagne du Parc, 1000 Brussels;
  • AG Insurance sa/nv, Service Complaints Management, 53 Boulevard Emile Jacqmain, B-1000 Brussels (Tel .: +32 (0) 2 664 02 00) or by email at:
  • or refer to Article 21 of the General Banking Terms and Conditions. If you are not satisfied with the solutions provided by BNP Paribas Fortis and AG Insurance, you can submit the dispute to: Insurance Ombudsman, 35 Square de Meeûs, B - 1000 Brussels, or by email: