Owning your own home is probably at the top of your priorities list and is a major achievement for many. It is tangible proof and testament to your hard work. But unwanted natural disasters and man-made threats can pose a huge threat to the security of our home and its belongings, and more often than not, these things are beyond our control.
Continue reading “Why buying a Homeowner’s Policy makes sense”
Tuesday, 24th November 2020
CELEBRATE the festive season with Sacos!
This year, we will have a special lottery to bring some end-of-year joy and relief to our faithful and esteemed customers.
What is the Prize?
Sacos will give away the star prize of SCR10,000 to one lucky winner. No worries if you miss out on the star prize, we are also giving away 10 additional prizes of SCR3,000.
Who can participate?
The end-of-year lottery will be open to both NEW and EXISTING life insurance policy holders. Imagine that, you could be one of the lucky winners! If you don’t already have a life insurance with Sacos, get one before 25 December and you could very well be one of our lucky winners.
Check out our online calculator ( https://www.sacos.sc/here-for-you/life-assurance-plans/) so you can get an idea of how much your monthly premium will be OR to get a more personalized service by requesting a quote online (https://www.sacos.sc/here-for-you/life-assurance-plans/).
When is the draw date?
The draw will be held just after Christmas.
2020 has been especially hard due to the Covid-19 pandemic and has put a financial strain on most of us. The special lottery aims to provide some much needed relief to our customers. It is our way of saying thank you for your confidence in us and welcome to the Sacos life family for the new customers.
Contact us for more information on 429 5000 or send an email to life@sacos.sc. You can also contact one of our agents (https://www.sacos.sc/about-us/local-agents/)
The untimely death of a loved one is one of the biggest hardships that we all inevitably go through at one point or another in our life. For many families, this sadness also is further worsened with additional financial stress.
Continue reading “Unburden yourself and your family with the Sacos Funeral Insurance Plan”
Monday, 20 July 2020
Sacos is keeping the momentum going with its win back Motor Full Comprehensive promotion which rewards one customer every month with up to SCR30,000 of their annual premium.
In a small ceremony held on 16th July 2020, in the presence of the CEO of Sacos, the 6th winner of the Motor Fully Comprehensive Win Back Promotion for the year 2020 received his star prize.
Mr Morel who is the star prize winner for the month of June had this to say as he recounted his experience with the company “I have been a customer of Sacos for over 30 years! All my insurances are with Sacos, both personal and for business. So far I’m very happy with the service” Mr. Morel added that he once lost a shop to a fire and the claim was handled very well by the company.
Our other winners, were once more pleasantly surprised and happy to receive their prize. Mr. Lawson, upon collecting his prize said, “Wow, I’ve never won anything before, having been with the company for 7 years makes it worthwhile.” Ms. Dingwall was equally happy and said that she had seen the adverts for the promotion but it never crossed her mind that she would win something.
“We are happy that we can bring smiles to our customers, especially in this difficult and trying year,” says Ms. Jennifer Morel, Chief Executive Officer of Sacos. “ There’s 6 more months to go and I wish all our motor policyholders who haven’t won so far good luck and encourages others to take their motor insurance with Sacos.”
Our next draw will take place in the first week of August and again all existing and new private comprehensive and Taxi operators who have a full comprehensive cover with us will enter the draw and one lucky winner will win-back their annual insurance premium, of up to SCR30,000.
Hurry, ensure you buy your new insurance or renew your insurance before the next draw and you can be the winner!
For more information, please contact:
Brigitte Appoo
Head of Sales & Marketing
Sacos Insurance Group
T 429 5000
E brigitte.appoo@sacos.sc
Like many parents, you may currently be contemplating whether to put your child in private or public school. Both are very great options by the way. However, if you are more inclined to choose private school, the Sacos Education Plan can help to contribute towards the annual tuition fees.
How is that possible, you ask?
Sacos Education Plan has some very unique features, compared to other life insurance plans. These features were especially designed to support parents in providing the best education for their children.
The Sacos Education Plan, which is available for terms of 10, 15 or 20 years, pays out survival benefits (of the sum assured) at intervals. 10% of the sum assured is paid out every year for five years from the last six years of the term taken and 50% of the sum assured is paid out in the last year. This provides parents with an easily available annual cashflow for tuition fees payment.
Secondary education in Seychelles usually runs for five years. The interval payment of the Sacos Education Plan (10% every year for five years) coincides with the academic years for secondary education. Parents can thus use this insurance plan to fully meet the tuition cost for secondary school.
If the tuition fees are SCR10,000 per term, parents are expected to pay SCR30,000 each year to the school. Parents should ensure that the 10% survival benefits is sufficient to cover the cost of the annual tuition fees. In the above example, the 10% annual survival benefits should be at least SCR30,000 or more in order to cover the full cost of the tuition fees. In the above example, the sum assured needs to be at least SCR300,000 to fully cover the cost of the annual tuition fees every year.
In order for you to meet the due date for the payment of the tuition fees, you have to ensure that the survival benefits are paid in a timely manner. To give yourself some room to breathe and avoid unexpected delays, ensure that the survival benefit is paid out at least two months before the due date for the tuition fees. If the annual fees have to be paid in January, then it is safer to ensure that your first payment is received by November of the previous year.
Remember, that you have received 10% of the sum assured each year for five years which have gone towards the private tuition fees for the secondary school. In the example given above, you have received and paid SCR150,000 for tuition fees. You are now left with 50% of the sum assured (SCR300,000) which is paid out in the last year (the sixth year). With the 50% remaining (which is SCR150,000), you can contribute towards other academic fees that come up, e.g. tuition fees for A’Levels (normally 2 years) or sending your child to college overseas, payment for exam resits or contribution towards university costs(for example application fees, airfares, accommodation etc.).
The Sacos Education Plan was especially designed to help parents meet the cost of education for their children. This ensures that your child is able to make the most out of the opportunities available in life. This plan is also ideal for primary education fees as well as university tuition fees.
The figures above are only indicative, for a substantial quotation, you can complete our request for quote on our website (https://www.sacos.sc/here-for-you/education-plan/) providing us your details, send an email to life@sacos.sc, call us on 4295000 or visit any one of our branches.
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