Credit Line Insurance

What is Credit Life Insurance?
Credit Life Insurance is a protection plan that covers your Fido credit in case of unexpected events. If you take a credit line of more than GHS 2,000 and are below the age of 75, you’ll automatically be eligible for this insurance. The insurance provides coverage in two ways: Life Cover: If...
Who is eligible for Credit Life Insurance?
Credit Life Insurance is designed to give you peace of mind by protecting your Fido credit in case of unexpected events. To qualify for Credit Life Insurance, you will need to meet the following requirements: Age: You must be between 18 and 75 years old. Credit amount: Your credit line must ...
How does Credit Life Insurance work?
Credit Life Insurance gives you extra peace of mind by protecting your credit in case of unexpected events such as death or temporary disability. Once your credit is disbursed and you meet the eligibility criteria, the policy is automatically activated. You’ll see a shield icon displayed next to...
Is the cost of Credit Life Insurance added to my credit?
At Fido, your peace of mind matters. That’s why we provide Credit Life Insurance at no extra cost to you. You don’t have to pay any additional fees for this insurance. It is a benefit designed to protect your credit without increasing your repayment amount. Your repayment terms remain completel...
How do I file a claim for Credit Life Insurance?
Filing a claim for your Credit Life Insurance with Fido is simple and straightforward. If an eligible event occurs, you or someone acting on your behalf can reach out to us through any of our support channels to begin the process. Here’s how to get started: Call us on 0596-922-420. You can al...
Will Credit Life Insurance increase my monthly payments?
No, your credit Life Insurance will not increase your repayment amount. At Fido, we believe in keeping things simple and transparent. The Credit Life Insurance is included as part of your credit protection at no additional cost to you. This means your repayment amount remains the same. There ar...