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The company is expanding its life assurance product range and presence in its historical market.
OneLife, a Luxembourg company specialising in life assurance for over 30 years now, announces the opening of a branch office in Auderghem, Belgium, south east of Brussels, in order to enhance its presence in this market by offering Belgian policies.
Named OneLife Belgian Branch, it will offer an expanded range combining the benefits of Luxembourg life assurance in terms of investment flexibility, asset protection and the proximity of the Belgian financial environment: an ideal combination to meet the varied needs of its clients.
BeLife: the best of Luxembourg life assurance within a 100% local solution
BeLife is the first policy to be offered by OneLife Belgian Branch under Freedom of Establishment.
Accessible from EUR 10,000, BeLife is a Branch 23 life assurance policy governed under Belgian law designed for private clients residing in Belgium who are seeking to invest over the medium to long term, while retaining the ability to access their saving at any time.
The advantages of this new policy:
- A wide range of external funds offering the ability to exercise automatic switching options at all times in order to optimise investments
- Product flexibility with numerous structuring possibilities
- Secure and intuitive online tools for straightforward policy administration 24/7 (including the new 100% digital application functionality)
- A unique framework for protecting the policyholder’s assets (Triangle of Security and Super Privilege)
- Transactions within a domestic banking environment (depositary bank and banking institution located in Belgium)
Other policies will subsequently supplement the local offering in order to best meet the needs of partners and their clients.
A new chapter for OneLife
The opening of the branch marks an important milestone in the company’s development in the Belgian market and the solutions offered to its partners and clients.
With this expanded and complementary offering, as it is already the case in France with both the Freedom to Provide Services activity and the branch office, OneLife is seeking to reaffirm its ongoing commitment to best serve the local needs of its markets and clients.
“Belgium has always occupied a special place for OneLife. Over the years we have established strong and sustainable partnerships with insurance brokers by offering innovative, expert and customised solutions. Through the branch office we are now striving to consolidate our place as a major life assurance player in Belgium by providing ever more effective support for our partners’ and clients’ wealth management projects”, declares Bruno Valersteinas, CEO of OneLife.
OneLife, a solid company
With premiums totalling over one billion euros and a net result of 13.6 million euros, OneLife posted a resilient 2023 in the context of a market suffering an overall downturn. This resilience confirms the robustness of the OneLife model characterised by diversification in 8 European markets, with a position of confirmed leadership in Belgium and a strong presence in France -the domestic market of Groupe APICIL, of which OneLife has been a member since 2019.
With the solvency ratio having increased to 147% by end-2023, the company also confirms its financial robustness, a significant advantage in frequently contrary global financial context.