It is a mechanism that protects Colombian savers from the possible liquidation of an institution registered with Fogafín, and guarantees that depositors will recover all or part of the savings, up to COP 50 million.
The insurance is free for the individual saver.
Deposit insurance is automatically acquired when an insured product is contracted. Depositors, whether individuals or corporate entities, are beneficiaries of this insurance by the simple fact of opening or renewing an insured product.
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