The Edwa Nkosuo Insurance policy which was formerly GLICO Depositors Life product is a combination of savings and insurance cover designed to meet the needs of the Ghanaian market. 

Here, the policy is renewed annually and contributions are made daily.

The Edwa Nkosuo concept evolved from Anidaso bringing out a reliable solution to augment the regular problems associated with Anidaso premium payment. It was also meant to assist policyholders in creating short-term accumulation of savings with interest. It has a regular daily reliable savings program that enables Anidaso monthly premium payments or deductions.

Edwa Nkosuo and Anidaso policies can be taken together as a joint product or as a standalone policy with riders attached.

The GLICO Anidaso Insurance Policy is a pure-term insurance plan. It can be taken out as a stand-alone policy or together with a savings benefit. It can also be extended to cover the principal life insured’s immediate dependents i.e., spouse, parents and children below 18 years or above 18 years but in full-time education. The prospective customer also has the option to expand the benefits to include the following: 

• Hospitalization Income Benefit 
• Accident Disability Benefit 

Age Eligibility

The eligible age for prospective policyholders ranges between 18 and 55 years.