Housing product bolsters Fidelity income

FIDELITY Life Assurance of Zimbabwe (FLA) is considering bulk fuel imports for its funeral assurance operations as es­calating fuel costs, partly driven by geopolitical tensions in the Middle East, put pressure on the sector.

FIDELITY Life Assurance (FLA) says its Vaka Yako housing product continues to drive new business, contributing 80 percent of its life and pensions business revenue. Launched in 2022, the Vaka Yako product enables individuals in Zimbabwe to progressively acquire a stand or house, with monthly payments starting at US$45. Ideally, the group treats the housing…

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