Sacos main sponsor to the Cancer Association for the Brave The Shave Event, Praslin, 30th november 2019

Friday, 29 November 2019

Sacos is proud to be the main sponsor to the Cancer Association through K-Radio “Brave The Shave” event, which will be held on Praslin, Saturday 30th November 2019. Our employees continue to support the Cancer Association and its fight to find a cure against cancer and, in return, we are committed to continue giving back to this cause.

The Cheque Handling Ceremony was held at the Sacos premises on Thursday 28th November 2019 at 3.00pm with the presence of K-Radio and the Cancer Association representatives.

Sacos sponsored SCR 114,000.00 to the Cancer Association as it is committed to making the fight against cancer a priority among its plans. We believe that if one person can battle cancer, then an entire nation can rise up to defeat it. “Cancer is a tough disease which can affect anyone and It is one of the areas that we would like to contribute to, to ensure that everyone gets the necessary medical treatment” said Ms. Morel, CEO Sacos during the presentation. “We will do whatever we can to help as a company and we are happy to contribute to the cancer association as it’s a worthy cause” she concluded. On her part Mrs. Mrs Tasianna Bossy, the Chairperson for the Praslin branch of Cancer Concern Association, thanked Sacos for its contribution toward their cause “It is heartwarming to see that there are people who are still passionate about health and is committed to make a difference in the life of people in need” she said. “We are indeed so thankful of the generosity of Sacos and this contribution will help us to fulfil our dream project of the Hospice on Praslin”.

Brave the Shave_Sacos_K-radio_Sylvie

With the collaboration of partners, volunteers, and generous donors, Sacos is prepared to engage in this fight for as long as it takes to defeat this terrible disease.

We look forward to building mutually beneficial, ongoing relationships with the Cancer Association that continue to leverage our mutual strengths and provide strong benefits to all.

Sacos continues to follow one of its corporate values of being socially responsible by giving back to the community.

Holiday Home Safety: Precautionary measures

As much as we’d hate to be the Ebenezer Scrooge here, the truth is something almost always goes wrong over the festive seasons; For many homeowners, holiday season is crime season.It’s that time of year when the majority of us are busy, distracted, or traveling away from home. We often find that it is around the same time that there is an increase in road accidents and increase in drinking related incidents! So in spite of  all of the decorations, shopping, parties, and fun coming up with the holiday season, it’s also important to keep safe while also having fun.

Here’s what we recommend:

Don’t overshare on social media! As much as you would love to share your good fortune, be wary about how much you post on public social media pages. Don’t post that big flat screen TV you gifted yourself to give thieves an idea of what to shop for in your home, and if you’re off on holiday, try to limit your posts, too.  You do not want thieves working out that you’re not at home and strike when you’re away!

If you are planning to go out of town during the holiday season, be sure to notify a trusted neighbour so that they may keep an eye out on your home.

Keep valuables in a locked and secured safe
Most thieves tend to go straight to the main or master bedroom. Keeping your valuables in a safe that is secured to a wall or bolted to the floor can help ensure that the thieves leave empty handed – or at least without your more expensive or valuable possessions.

Install a home alarm system
Homes with visible cameras may be less likely to be targeted than those without. However, this is not a full-proof deterrent. You should also consider getting an alarm system. There are now new technologies available to alert you the moment someone steps into your house. You will be able to get instant warning even if you are away from home. Sensory lights outside the house can also help deter would-be thieves. You can contact a security company for more advice on safety tips.

Be careful with lights, candles & electrical appliances

Burglars aren’t the only threat to keeping your home safe over the Christmas period: the risk of fire goes up when your home is full of Christmas lights and candles. When you get your Christmas decorations out each year, check the lights for any frayed ends or cracks that could indicate that they’re not safe. Never leave candles burning unattended. And before you head off to your end of year party, don’t forget to double check that you’ve turned your straightener/curler and iron off!

Keep your business safe over the festive seasons with a fire & special perils comprehensive policy

One of the worst thing that can happen to a business owner over the festive seasons is to have their shop broken into and their inventory stolen. Actually, it’s one of the worse things that can happen at any time of the year, but in the spirit of Christmas, it makes it just that little bit more unpleasant!

With this in mind, we highly advise all business owners to ensure that their fire and special perils policy is up to date, or in the event of not having one, to purchase the policy. It order to avoid any confusion, please note that in the event of your business being burgled, you will only be covered under this policy if the plan you are on is a comprehensive one.

If you are in the the unfortunate position of having a burglary happen on your business premise, here is what we advise you to do:

Call the police
You will need the police report if you are going to file a claim with your insurance company.

Make an inventory
Make an inventory of everything that is missing, and where possible collect any evidence you have about the items that have been taken from your property. These could include receipts, valuations and even photographs.

Contact your bank
 Check to see if any financial documents have been stolen. If they have, you should inform the bank(s) you hold accounts with so they may monitor any suspicious account activities. Ensure that you can conduct business without worrying that the criminals will bankrupt you by freezing any accounts which you suspect have been targeted.

Contact your insurance company
Contact us! To make a valid claim, you need to have proof of forcible entry against your property and that your premises was properly secured. Remember to submit a police report alongside your claim, as well.

Pay us a visit or call us on 429 5000, or send an email to info@sacos.sc to purchase your business’ Comprehensive Fire & Special Perils Policy now, and enjoy a worry free festive season! 

Should I use my credit card for Christmas shopping?

Most people who get credit cards do so because they would love to have something to fall back on in case of emergencies. But let’s be honest: after the first couple of purchases its really easy to go overboard and get yourself into debt. I’m sure we’ve all been there at some point!

Before you decide whether or not you should put all those Christmas purchases on your credit card, here are a couple of things that are worth considering:

How close are you to your credit limit?

First and foremost, you need to know whether you can afford to use your card for these expenses without overdrawing on your account.

Consider the interest rate

Again, can you afford to rack up that amount of interest? For a lot of people, it’s the accumulating interest that makes it hard for them to pay off their outstanding balance.

Emergency protection. If you get too close to your credit limit buying Christmas presents, will you be able to use your card for emergency fund if a situation arises?   

The truth is a credit card make it a little too easy to spend money. If you’re anything like me, it’s easy to pretend like you’re not spending real money when you’re not paying with cash. If you’re not careful, it’s easy to fall into suffocating debt. It all comes down to being careful with your money. Missing payments, going over your credit limit, or having too many credit cards can quickly put you in financial debt!

For some people, credit cards can be destructive and getting caught up in the festivities can be detrimental to your financial health. However, as long as you can use your card wisely, there’s no reason why you can’t share your Christmas expenses between your debit AND your credit card!

Credit Insurance for your business; The smart choice!

If you’re a businessman, or the owner of a small business, or sole trader being unable to work and earn an income due to any illness or injury, this can cause major devastation to not just the financial position of your business, but also disrupt any loan repayments you may have going on.

Similar to a Mortgage Life Insurance, how it would work would be instead of covering a personal debt, such as a mortgage, your Credit Life Insurance could be used to protect your  business debt.

Dont forget, Credit Life Insurance was tailor-made to accommodate all banks in Seychelles lending unsecured loans, in case of death and Total and Permanent Disability. As a prerequisite, you have to take this plan prior to loan disbursement.

Here’s an example of how it could work:

Let’s say you take out a loan of SCR100,000 for personal use from your bank. Your bank will ask you to insure the value of the loan before disbursing the amount to you. You will then contact us for an insurance to provide coverage on this amount. The premium you will pay is one-off and it covers the entire duration of the loan. In the event of disability, accidental death, dismemberment, and critical illness, your insurance will pay the remainder of your loan amount due to the bank.

Be smart about how you handle your business, and think ahead.

Pay us a visit at our new location in town or call us on 429 5000 or send an email to info@sacos.sc for more information on our Credit Protection Insurance product.

Budget tips: How to get more for Christmas, for less!

Unless you’re a grinch, almost everyone loves Christmas! And what do most women love to do? That’s right: SHOPPING! But let’s face it, having to buy a lot of presents in one go can not only be stressful, but can make a pretty sizeable dent in your purse.

That’s where your budget can help! If you start organising your money now, you’ll know exactly how much you can spend on gifts for your favourite people, and you can stretch out your cash for longer!

Here’s what we recommend:

Start thinking of gift ideas now! Christmas time is one of the most lucrative time for businesses, and everyone is going to compete for your dough. If you make a list of things you want to buy now, the better your chances of finding it at a discounted price when you go shopping around; if it isn’t on sale at one place, it will most likely be on sale somewhere else at some point this season. The sooner you know what you want to buy for everyone, the sooner you can start looking for the best deal!

Make it yourself. Not only does it have more of a sentimental value and makes it more personal, but homemade gifts are a great way to maximise your giving without increasing your budget! Just don’t wait too long before you get started and end up having to make a last minute run to the shops!

Split up holiday costs. Most people don’t get their Christmas shopping done until December itself, but where possible try to knock a few things off your list early. Put a little extra money in your November budget to purchase little things, like Christmas cards, wrapping supplies, and the odd bits and pieces. This will leave you feeling a little less stressed by spreading out your costs and your to-dos!

Consider rearranging your budget. While great fun and festive, the end of the year tends to be one of the tightest financially for many of us. So if your budget’s starting to feel the strain, switch things up. If you normally spend quite a few on takeaways and eating out, make some sacrifices and bring your own lunch and cut down on the amount of times you go to restaurants, only until you’ve saved enough for your shopping list.

Prioritise! It seems like every time it comes to making a list of people you need to buy presents for, your brain keeps reminding you of every. single. person. you know. But let’s face it, you don’t need to, nor can you afford to buy presents for EVERYONE! And because the same holds true for other people, we’re sure your primary school teacher, or your local butcher will understand. You can always send a cute Christmas card to ease the sting, though!

Finally, track your spending! A budget doesn’t help if you don’t stick to it! You have to track your spending, and stick to what you have already planned! This will remove the anxiety of “Can I really afford to buy this?” or “Can I really afford to go there?” The last thing you need during the most wonderful time of the year is more stress!

OR… 

You can purchase our Mortgage Life Insurance Plan between the 18th October and the 18th December 2019, and pray you’re the lucky person to win a return ticket to Dubai where you can shop til you drop! (But the above recommendations would still apply though — especially then! ☺) 

Win big with Sacos’ Mortgage Life Insurance Festive Giveaway!

Press Release_Mortgage Protection promo with Sacos_October 2019

Imagine this:  Dubai is lit up for Christmas, with shopping malls pulling out all the stops with special snow ball zones, festive corners and games. Sound like somewhere you would like to be this upcoming holiday? Us, too!

With our new insurance promo, you stand the chance to win a return ticket to Dubai when you buy your Mortgage Life Insurance Plan with Sacos Insurance Group between the 18th October and the 18th December 2019.

Our Mortgage Life Insurance Plan is designed to help pay off your mortgage upon your passing during the period of the policy., saving your loved ones from worrying about debts and financial burdens that was initially not their own. And because we care so much about our customers, as an added bonus we are giving away a FREE Fire only Insurance Policy for your home with any new Mortgage Life Insurance Plan of SCR700,000 and above!

Get in touch with us ASAP before the 18th of December in order to be eligible for our promotion. The big prize giving ceremony will be on the 23rd December. Call us on 429 5000, send an email to info@sacos.sc, or complete your details on our request a quote https://www.sacos.sc/here-for-you/credit-protection-insurance/ and an officer will get back to you. Sacos here for you!