Protects your loan

Buying a property in Luxembourg? Cardif Lux Vie protects your loan and personalises your Outstanding Balance Insurance (ASRD). Find out how.

Buying your home in Luxembourg and insuring your home loan

Buying a property is one of life’s key stages. It is usually financed by a mortgage loan. Being safe in the knowledge that your loan is covered should an unfortunate event occur is essential for total peace of mind as you embark on your new adventure!

What is Outstanding Balance Insurance (ASRD)?

If the policy covers 100% of the loan, the ASRD covers your home loan and guarantees repayment of the loan to the bank in the event of death or invalidity. Total peace of mind for you and your loved ones.
Taking out an ASRD is not compulsory but is strongly recommended.
And cover for 100% of the amount borrowed gives you maximum security.


A personalised solution

You can personalise your solution to suit your individual situation:

  • Choice of frequency: pay the premium in a single instalment (single premium) or in several instalments (annual, half-yearly, quarterly or monthly premium)
  • Choice of the amount of capital insured per insured person
  • Choice of types of cover for protecting you and your loved ones


Calculating the insurance premium

Your insurance premium is calculated on the basis of the amount insured, the term of your policy, your age and state of health. Depending on the amounts to be covered, the company will require medical checks.


Tax deductible premiums

Your Outstanding Balance Insurance (ASRD) premiums are tax deductible.
You can also benefit from tax optimisation with a single premium: please talk to your adviser.

Laurence and Thomas have a son called Victor. They have just bought a house in Junglinster and have taken out a loan for €500,000 over 25 years. To protect their family against unfortunate events, they have taken out Outstanding Balance Insurance (ASRD) on both of their lives (100% on each), which will cover the whole loan. If either of them dies, the company will pay the outstanding balance in full.



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