Month: February 2021

If you are still weighing over the benefits of life insurance plans for yourself and your family, simply take the plunge and reach out to us with your questions, concerns and interests.

Request a Quote:

You can go on our website to request a quote on any life insurance plans you are interested in. Simply fill in your name and details, click on the life insurance plan you wish to refer to and write your message in the box before clicking on Submit.

Email us with your concerns:

If you feel that a simple message will not sufficiently address some of the concerns you have or information you need, you can send us an email to life@sacos.sc or info@sacos.sc. One of our staff will diligently respond to your queries.

Talk to us directly:

Sometimes, an email might not satisfactorily give you the answers that you are searching for, especially if you are not familiar with life insurance. Not to worry, call us on 429 50 39 or 429 50 00 and our dedicated staff will comprehensively guide you through our insurance plans. Feel free to ask any questions.

Talk to an Agent:

If you feel more comfortable to discuss your options with a dedicated life insurance agent, click here for the full details of our life insurance agents. They will provide you with a dedicated service and will take you through the whole process of choosing an insurance which is right for you.

Knowing which life insurance plan you should select can be complicated, especially if you are not familiar with life insurance.

Selecting the perfect life insurance, is a matter of deciding what works best for you. What are your goals? What are your primary objectives of taking out a life insurance? To help you out, we have provided a brief explanation of the types of life insurance plans we have and how they work.

Continue reading “Which life insurance works best for you?” →

It goes without saying that life insurance can be a great savings plan, but can it also be a viable investment option? 

An investment is the action taken by a person to grow their money or build their asset base. Most people consider shares or property when speaking of investments, but life insurance can also present the policyholder with an opportunity to build their wealth.

Life Insurance with accrued bonuses

Most of our life insurance plans offer come with the ‘with-profits’ option. This entitles the policyholder to accrued bonuses on their life insurance policy at the end of their term or on survival benefits.

Cash Interval Payments

Term insurance are usually set and the policyholder knows exactly how much they are going to receive at the end of the term. Nevertheless, insurance plans which provide the policyholder with the opportunity to receive regular cash amounts and receive the whole sum assured upon maturity, provide the policyholder with a cash access in the short term and the long run.

Whole Life Insurance

A Whole Life Insurance pays the policyholder a cash value at regular intervals for the remainder of their life. This insurance type ensures that the policyholder continues to receive a certain amount, well after some other income source has ended, and until they pass away.

Life insurance works best as an investment option if you are putting away money that you would have spent if you had easy access to it. By putting it out of your reach, you ensure that this portion of income can accrue benefits in the long term and provide you with an alternative source of income at retirement.

Contact us if you are interested in making life insurance your investment option by requesting a quote on our website, sending an email to life@sacos.sc or calling us on 429 5000.

A comprehensive motor insurance provides coverage against damage to your car and a third party in the event of an accident, even if you are the at-fault party.

What is covered under a Full Comprehensive Motor Private Insurance, you may ask.  At Sacos, we provide coverage against the following risks and perils:

• Damage to your car in an accident, including collision, overturning etc.
• Damage to a third party’s car where you are the at-fault party
• Fire and explosion
• Flood, storm and tempest
• Burglary and Theft
• Malicious act by a third party
• Legal liability

Your insurance policy also provides you with add-in options, such as:

• Windscreen cover
• Courtesy Car
• Breakdown Cover (including 24 hour service)
• Funeral Cover

The above covers are subject to conditions and exclusions as per your motor insurance policy.

If you are on a Third-Party Insurance and want to switch to Full Comprehensive Motor Private Insurance, request a quote from our website, send an email to general@sacos.sc or call us on 429 5000.

If you own a vessel and do not have a Marine Hull insurance, here is a quick checklist to see if you should take one!

 Are you a:

• Private or commercial vessel owner/ operator?
• Fleet owner?
• Ferry operator?
• Charter and tourist boat operator?
• Have a business with loans on vessels?

Continue reading “A quick checklist on Marine Hull Insurance” →