VAN ECK VIP TRUST

(the “Registrant”)

Supplement dated March 14, 2016 to the

Prospectuses and Statements of Additional Information

dated May 1, 2015

for each series of the above named Registrant

(each a “Fund” and collectively, the “Funds”)

Effective May 1, 2016, Van Eck Global and all of its businesses and investment offerings will operate under the single global brand VanEck. Accordingly, the Registrant and each Fund will be renamed as follows:

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE