Sacos participates at the hidden history of victoria “Redekouver Nou Zoli Lavil” Green Event

sacos seychelles

Saturday, 15th June 2019

The Seychelles Hospitality and Tourism Association (SHTA) has organized this initiative with the Seychelles Sustainable Tourism Foundation (SSTF) in order to encourage ecofriendly and sustainable practices. A green initiative that we have fully supported with our participation as volunteers to clean up the historical sites in Victoria.

A team of 6 SACOS staffs were posted at the National Museum to clean up the entire area and to explain and raise awareness of the effects of littering, which is illegal and an issue that Seychelles is still facing. SACOS has an important role to play in promoting a green outlook in the local community, and in becoming more environment-friendly. We have already taken several steps to embrace digitalization and this shall lead to numerous benefits for us and our customers, such as improving operational efficiency, enhancing customer experience, and adopting sustainable business practices.

We will continue contributing to environmental, social and economic sustainability and provide our continuous support to the Seychelles Hospitality and Tourism Association in their future green projects.

Sacos Here for you.

For more information, please contact:

Mélissa Duffets
Public Relations and Marketing Manager
Sacos Insurance Group
T 429 5000
E melissa.duffets@sacos.sc

Get a SCR200,000 life insurance policy for your child

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The Sacos Junior Plan is a life insurance policy designed for children. Parents or legal guardians can purchase the policy for their child, which matures upon the child reaching the age 18, 19, 20 or 21 or is fully paid upon the unfortunate death or total permanent disability of the parent.

Choosing the sum assured for the insurance policy requires careful consideration, so to help you consider your options we are starting with a SCR200,000 life insurance policy.

Factors to consider:

  • Term – The longer the term, the cheaper the monthly or annual premium. E.g. Assume you are 35 years of age, a SCR200,000 policy maturing in 10 years will cost around SCR1,688 per month, whereas the same policy maturing in 20 years will cost SCR687 per month. The maximum term is 20 years and minimum is 10 years.
  • Your Age – In insurance, you are considered to be of a higher risk, the older you are. For the Sacos Junior Plan, the premium rate is similar for parents aged between 18 and 35 years, but increases for parents aged between 36 and 55 years of age. The policy is not available to parents aged above 55 years of age.
  • Your child’s age – You can easily have a 20-year policy if you purchase the Sacos Junior when your child is one-year-old. Because of our age limit, your child must not be older than 21 years of age when the policy matures. The policy matures when your child reaches between the ages of 18 and 21 years.
  • Premium – When purchasing the policy, you must decide what is financially comfortable for you. You can choose to pay your premium on a monthly, quarterly, half yearly or an annual basis. The higher the premium you pay, the bigger the sum assured for your child. E.g say you are 30 years of age and you choose a policy lasting 15 years, with a SCR1,017 monthly premium you are insuring SCR200,000 life insurance policy. However, with a SCR2,541 monthly premium you are insuring a SCR500,000 insurance policy for your child.

When purchasing a Sacos Junior Policy, always consider inflation and what the sum assured would be worth in the future. Speak to an agent or one of our officers for more assistance on a right policy for you. You can also use the online calculator on our website (https://www.sacos.sc/here-for-you/life-assurance-plans/) to try out different rates.

The figures cited in the above article is only indicative. For a formal quotation please contact us on 4295 000, request a quote from our website (https://www.sacos.sc/here-for-you/life-assurance-plans/), send an email to life@sacos.sc  or visit one of our branches.

Celebrate the month of June with a Sacos Junior Plan

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There is no better way to celebrate the month of June, which is the month for the children by giving your child a present that will make a difference in their life. The Sacos Junior Plan provides your child with financial security later in life, allowing them to have an early start on their future projects. This can be a deposit on their first home/apartment, payment towards their further studies or payment towards their first car.

How does the Sacos Junior Plan work?

With the Sacos Junior Plan, parents can purchase a life insurance policy on behalf of their child, which would be disbursed to the child upon the maturity of the policy. Parents can choose the sum assured (e.g. a SCR500,000 insurance policy) by taking into consideration several factors such as the child’s age, the parent’s age, the term of the policy, the age of the child at maturity of the policy and the cost of the premium.

The Sacos Junior Plan is available to children from the age of one and the child should be no older than 21 years of age when the policy matures. The policy has a minimum term of 10 years and in consideration of the child’s age, parents can choose to have the policy mature upon reaching a meaningful age. As an example, a parent can choose to purchase a SCR500,000 policy with a 20 year maturity period for their one year old child. The child will be paid the full sum assured, with accrued benefits upon reaching their 21st birthday.

Who can purchase the policy?

Only parents and legal guardians can purchase a Sacos Junior Plan on behalf of their child. Nevertheless, other family members and friends can help you as the parent or legal guardian by contributing towards the payment as an annual birthday or Christmas gift and even on special occasions such as Holy Communion, graduation and Children’s day. It is important to note that only parents or legal guardian between the ages of 18 – 55 can purchase this policy.

What happens in the event of an unfortunate death or accident?

In the unfortunate event of the child passing away, the age of the child at the time of passing is taken into consideration. If the child is six years of age or older, the full sum assured is paid to the proposer which is the parent or legal guardian. If the child is younger than six years old, a percentage of the sum assured is paid to the parent depending on the age of the child at the time of passing. If the proposer passes away or becomes permanently disabled during the term of the policy, the payment towards the policy is waived. Nevertheless, the policy remains in force until the maturity period.

The Sacos Junior Plan is a great way to set up your child to have financial dependence later on in life.

Visit our website (https://www.sacos.sc/here-for-you/life-assurance-plans/) for more details on the Sacos Junior Plan and try out our online calculator to decide on the best plan for you and your child. You can also request a quote from our website and one of staff will then be in contact with you. Alternatively, you can call us on 4295000 during working hours or visit one of our branches.