Wishing you a Merry Christmas

2020 has been an incredibly hard year for everyone, but especially for those who have lost employment and business opportunities. The tourism and entertainment industry have been hit particularly hard, with ripple effects on related and supporting industries such as the fishing and farming communities.

As Seychelles brace for a tough year ahead, we still have so many things to be thankful for. 
We are thankful for the health and safety of our family, friends and people in our community. We are thankful that up to now, our beloved country has had zero deaths related to the pandemic. We are thankful for the food on our tables, clean water, and a roof above our heads. 
We are also thankful for the smaller things such as kind gestures from a stranger, a friendly support from our neighbour and a helping hand from a coworker. These are the things which make our community stronger and more resilient.
We also give thanks to the pure, natural environmental beauty surrounding Seychelles. For having the world’s most beautiful beaches, clean and freshest air, picturesque landscapes, vibrant forests and rare and endemic flora and fauna. Thanks for being one of the privileged few, lucky to have lived in Seychelles.
We are especially thankful for the sacrifices made by essential workers during the pandemic. To the small, but hardworking team at the Public Health Authorities, who have worked tirelessly and in difficult conditions to keep us safe, at their own personal risks. To the fire services for working tirelessly to save our homes and protect our landfills. To the police for keeping our roads safe and responding to emergencies. To all health and emergency responders for working day and night to save a life and to keep a nation healthy.
In the spirit of Christmas and on behalf of the Sacos team, we take this moment to wish everyone, including you and your family a Merry Christmas. May this day be filled with love and laughter.

                                            Merry Christmas!

Road Safety during the Festive Season

 Accidents commonly rise during the festive season given increased traffic around central shopping areas and alcohol-related accidents following parties and gatherings

Here are some quick tips for you to consider:

  1. Do not drink and drive. Eitherappoint a designated driver for parties or gatherings or sleep over at your host’s place if you are too drunk to drive home. You might think you’re not that drunk, but alcohol also reduces your reaction time.
  2. Service your car ahead of celebrations if you haven’t done so within the last six months. Accidents can be easily averted if your car’s systems are functioning properly.
  3. Take regular breaks from driving. Being on the road for long periods of time can increase your risk of causing an accident. Switch seats with your valid-licensed partner if you need to. If you feel a sudden bout of drowsiness while driving, pull over to rest or call someone to pick you up.
  4. Do not exceed the speed limit. Your ability to brake on time depends on the speed you are travelling. Drunk pedestrians and inattentive children are using the road, too. If you have to go over the driving limit to overtake someone, then you didn’t need to overtake anyone in the first place.
  5. Respect road etiquette. Dim your lights and stay in your lane. Do not impair the ability of others to drive safely on the road. Should you hear a siren, move aside for emergency vehicles to pass.
  6. Stay alert and focused. Your hands and eyes should be free from distractions. Don’t text and drive and definitely do not start an argument while you’re driving.
  7. Seat belt on, please. Not only should you and the front passenger be in seat belts, but all occupants in the car should wear one, too, especially infants and toddlers. For the seat belt averse in your circle, refuse to start the car if everyone hasn’t buckled up.
  8. Know your emergency numbers. Dial 151 for an ambulance and 999 for police/fire department.
  9. Ensure your driving license is up-to-date and on your person when driving. Police checks are more frequent during this period and a valid license is essential for insurance claims.
  10. Renew your Motor Insurance on time. Claims will not be covered for accidents if your insurance has expired. A Third Party Insurance will cover damage to the other car, a Full Comprehensive Insurance will cover damage to your car as well.

Funeral Plans for as little as SCR80 per month

Funerals can be costly affairs. An entire funeral plan can cost as much as SCR100,000 when you consider the cost of service (including pamphlets, buses), flower decorations, headstone, casket, funeral homes and funeral plots or cremation facilities.

For unexpected deaths in the family, bearing the full cost of funeral planning can be a burden when it comes at a time of great financial stress. 

In February 2020, Sacos launched the Funeral Insurance Plan to relieve families of meeting the lump sum cost of funeral plans on their own. Considering the lump sum cost of funeral services, the Funeral Insurance Plan is considered to be one of the most affordable insurance plans offered by Sacos. 

Sacos offers four different coverage limits with the Funeral Insurance Plan:

  • Option 1 – SCR15,000
  • Option 2 – SCR30,000
  • Option 3 – SCR45,000
  • Option 4 – SCR80,000

A policyholder can also provide coverage for other members of their family under the same Funeral Insurance Plan for an additional charge. The policyholder is referred to as the main member of the policy here. The same coverage limit that the main member takes for themselves will also apply to the other members of the family on the Funeral Insurance Plan. For example, if the main member takes the SCR45,000 cover, the same amount will be available for each member of the family.

For main members aged between 18 and 25 years of age, the monthly premium can be as low as SCR80 per month for a SCR15,000 cover. For those aged between 60 and 65 years of age, the same cover can be as low as SCR125 per month. The monthly premiums are based on several factors, the age of the main member, the ages of additional members of the family and the cover limit taken.

In consideration of the hard time the family is going through, Sacos has simplified the claims process for the Funeral Insurance Plan. The claimant (main member or beneficiary) can submit the claims form within 24 hours of the death occurring and Sacos will effect the payment within 48 hours of receiving all the documents. The payment of claims can be made to family members or directly to funeral homes.

For more information on the Funeral Insurance Plan, call us on 429 5000 or send an email to life@sacos.sc. You can also find more information on our website and in the Sacos Funeral Insurance Plan brochure.

Buying presents on a budget? Here’s what you should do…

Unless you’re a grinch, almost everyone loves Christmas! We doubt any pandemic will be able to change that, but buying Christmas presents this year is bound to be stressful, especially when the economy has taken a hit.  

Here’s what we recommend:  List your gift ideas! Christmas time is one of the most lucrative time for businesses, and everyone is going to compete for your cash. Make a list of things you want or hope to buy. Prioritise your list from most wanted to least interesting. The most wanted item on your list should be something your loved one has been desiring for some time now, but has not been able to purchase. By listing your gift ideas, you will be able to limit your spending to one item that is completely useful for your loved one. So useful in fact that you will save them from having to buy it later. 

Gift Educational Items! You were going to buy them next year so why not do so now? Instead of toys, consider gifting your child educational items instead. They would have needed it in any case and you also teach them the value of a gift – it is the thought that counts.

A gift for the family! You might have gifted each individual person in the household a gift each in the past year, but this year life is tougher. Consider getting a gift that the entire household can use and limit that strain on your budget. This can include board games or a basket with mixed goodies for all.
Check for discounts! While discounts are rare closer to Christmas day, they are not completely unrealistic. Shops are usually getting rid of their old stocks to replace with the new. If you are on a budget, consider bargain hunting in town or online. You can also do the old family trick and wait for after Christmas to discount-shop for other adults.

Make it yourself! Not only is the sentimental value greater, but homemade gifts is 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!  Ideas can include baked goods such as Buche de Noel or rum fruit cake, crafts, paintings etc.

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!  

Insurance – the New Gift Trend of this 2020 Festive Season

 
Christmas celebrations in Seychelles, like most places, follow the tradition of exchanging gifts with family and friends. It is a special way of letting them know that they are loved, appreciated and in your thoughts.  

In the face of the uncertainties of health and life, especially in times of the ongoing pandemic, an important item that you should consider including on your gifts list is – Insurance.  

Can you think of a better time than now to ensure that your loved ones are protected? Consider spending some time assessing the insurance needs of your loved ones and gift them with an insurance product that will help them stay financially protected!  

Here are a few Insurance Products you need to include on your Gift List this Christmas:  

Life Insurance Plans: When thinking about life insurance, is important for you to ensure that not only are your loved ones protected, but it is equally important to make sure that their dependents are equally protected. With this in mind, you should consider gifting the person an insurance plan which can provide them with a financial safety net that will be able to cater to: the pursuit of education abroad, their marriage, or a house for the family. 

Public Liability Insurance:  Did your partner or child recently start their own business this year or last year? You may consider gifting that special someone a year’s worth of Public Liability Insurance. The Public Liability Insurance covers accidents on the business premises, including injury or loss happen to customers, visitors or others. These can lead to significant costs if the business is deemed responsible. If the owner is unable to meet these costs, it could also significantly impact the business’ bottom line as well as its reputation. With a Public Liability Insurance cover, the business can be protected financially during its infancy.

Full Comprehensive Motor (Private) Insurance: Honestly, what is a better gift than covering this year’s motor insurance for your child. You can help them to make the switch from Third Party to Full Comprehensive for the following year, which will enable them to receive the full protection guaranteed by the motor comprehensive insurance.

Householder’s Policy: Buying for your ageing parents can be hard. What can you give to someone who has worked hard for all they have most of their life? You’d be surprised to find that most people do not insure their homes either from lack of awareness or a general feeling like fire or break-ins will not happen to them because they are careful. As we know, these unfortunate incidents cannot be predicted. For this year, check if your parents homes are insured and gift them the value of one year’s householder’s insurance policy. This will cover fire, theft, floods and other types of perils to either their building or contents.

Health Insurance;  Pandemic, accidents, and lifestyle-related diseases. These are but a few common afflictions these days, and the expenses of treatment can burn quite the hole in a family’s financial health. By helping a loved one to purchase a Health Insurance, not only are you protecting them, but you may be considerably reducing their financial burden as well. Sacos Health Insurance policies have different tiers, and add great value to the life of the insured at affordable prices.  

Not sure which product to purchase? Our insurance experts are available to assist you in procuring the right choice! Simply call us today on 429 5000 for more information or send an email to info@sacos.sc