Introducing the online calculator for Sacos Special Endowment life assurance plan


Calculating your premium has never been easier! No more waiting in telephonic queues or leaving the comfort of your home. Sacos brings you convenience at the tip of your fingertips. No more guessing at how much you’re going to have to pay, just head over to our website, crunch in the numbers and get an answer instantly! A Sacos exclusive feature for a unique life insurance plan!

Where can I access the calculator?

You can access it on our website under special endowment assurance plans @

What does it do, exactly?

It calculates the premium you will have to pay based on the information you provide on the following:

  • Sum assured (the amount you want to receive upon maturity)
  • term years (the length of time of the policy until maturity)
  • age
  • premium option (you can decide between a monthly, quarterly, half-yearly or yearly payment)

What is a Special Endowment assurance plan, and why is it unique?

Unlike other assurance policies, the Special Endowment plan is the ultimate tripartite: saving, security and investment! The Special Endowment plan is effectively an investment scheme with life insurance attached. Policies can be either with-profits, where bonuses are added to the policy, and once added are guaranteed, or they can be unit-linked, where premiums are invested in investment funds whose value can move up and down, with no guarantees attached. Additionally this policy can only be issued for terms of 10, 15, 20 or 25 years only.

How does it work?

You make your monthly or annual payments as you would with any insurance policy. Part of your monthly payment is then used to buy life assurance, and the remainder is invested either on a with-profits basis or a unit-linked basis. The size of the lump sum you get at the end of your endowment often depends on the performance of these investments.

How will my money be invested?

Your money might be invested on a with-profits basis.

This means your savings are pooled with other investors’ money and invested by the insurance company in a range of different investments, typically including:

  • Shares
  • Property, and
  • Fixed-interest investments.

Otherwise, you can choose policies where you invest on a unit-linked basis.

It then becomes up to you to decide how you want to invest your money. You can choose from a range of different investment funds.

How is it paid out?

Upon survival to the end of every five years, 15% of the sum assured of the policy is payable. When the policyholder survives to the end of the term of the policy, the balance of the sum assured (after deduction of the survival benefits already paid) is payable, plus any bonuses that are based on the original sum assured of the policy. On death during the term, the full sum assured (without deduction of the survival benefits already paid) and bonuses accrued up to the date of death are payable.

Since the cover includes Total and Permanent Disability benefit ceasing at age 60, the full sum assured plus the accrued bonuses are payable immediately or in 24 equal monthly instalments in-case of Total permanent disability.

Can anyone purchase this policy?

If you are a business man or woman, this plan is the ideal match for you. However, it is also open to anyone who truly wants to invest in their life savings.

If you would like more information on our Special Endowment plan, you can download the brochure on our website, pay us a visit at our branches (Maison Esplanade – Victoria, Pension Complex –Baie St. Anne Praslin, Green Corner –Providence)  or call us on 429 5000 or send an email to


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