Why the Full Comprehensive Motor Insurance is the most beneficial

While motor insurance is mandatory for all vehicles, policyholders have the option to choose between Full Comprehensive, Third Party Only and Third Party, Fire and Theft. Some vehicle owners can at times opt for the more affordable options, which is understandable, but if the Full Comprehensive is within your budget, then it is an indispensable option for you.

Accidents can happen anywhere, at any given time, but in Seychelles, the weekend is almost guaranteed of one or more accidents, whether it be a fender bender or a drive in a ditch. While insurance claims are never a hundred percent certain, more than not, your coverage will at least cover damages to third parties.

But what of the damage to your own car? A Third Party insurance will not cover any damage to your car in an accident. Nor will it provide you with compensation in case of a total write-off  after the accident. A car is an expensive asset. Replacing it after a loss might not happen easily or quickly.

This is where the Full Comprehensive Motor Insurance becomes beneficial. In order to ensure you have sufficient protection you will need a comprehensive motor vehicle insurance. This is a coverage that helps pay to replace or repair your vehicle if it’s damaged in an accident. In addition, it provides you with financial protection against vandalism, broken windscreens or damage to the vehicle while parking.   

Full Comprehensive motor vehicle insurance varies, depending on the level of cover you choose – the more extensive the option, the better the coverage against different losses. The best comprehensive motor vehicle insurance for passenger cars covers against:  

  • Accidental collision or overturning following accidental impact
  • Collision or overturning consequent upon mechanical breakdown  
  • Fire
  • Burglary
  • Malicious Act
  • Windscreen 
  • Loss of use
  • Personal Accident
  • Funeral cover

Not only does the Full Comprehensive Motor Insurance provide sufficient coverage for any eventuality, but it also provides peace of mind, knowing that Sacos has got you adequately covered.

In case you are still wondering whether the Full Comprehensive option is best for you, Sacos is currently running the WIN BACK promotion when you purchase a Full Comprehensive cover between now and the end September, you are automatically entered into a draw that can see you refunded back your WHOLE insurance premium, up to SCR30,000! The promo lasts until December 2020 and every month, a lucky winner is selected from the pool of existing and new Full Comprehensive policyholders.

Take the leap and switch to Full Comprehensive! Contact us now on 249 5000 or  to purchase or renew your policy, and be eligible for this promotion.

4 months left in 2020, and up to SCR120,000 left to be won! Will YOU be our September winner?

Sacos is currently running the Full Comprehensive Motor Insurance promotion for the year 2020. This means that every month a lucky winner will be selected at random to win back the value of the premium on their Full Comprehensive Motor Insurance up to SCR30,000.

The Win Back promotion started in 2018 and since its inception, several lucky policyholders have won back their full premium on their motor insurance. 

The promotion was designed to reward Sacos customers for their loyalty and confidence in Sacos Insurance Group. It has also served as a sensitisation campaign on the importance of having full, adequate protection. 

The promotion has been a welcome financial help for many of our former winners who, thanks to the cash prize, have been able to make payments on their existing policies as well as purchase new ones as extra security.

Who is eligible?  

All Existing and New private comprehensive and Taxi operators who have a full comprehensive cover with us will enter the draw, provided they have renewed their insurance policy.  

Does it matter how long I have been a client of Sacos?  

No -our winners are all of different ages and backgrounds. Some of our winners have been with us for over 25 years and some for as little as a few months!  

How much can I expect to win back?  

Whatever your annual premium is, you get the whole sum back! This is any value up to SCR30,000!  

How do I enter?  

To enter for this September, you need to ensure you have renewed your policy before the month’s end. Don’t have a policy? Purchase one now! New customers are also eligible! So far 8 winners have won back their monthly premium on their Full Comprehensive Motor Insurance for the year 2020. If your name is not drawn this time, not to worry! You still have 3 more chances before the year ends!  

What are you waiting for?  2020 has seen 8 policy holders win back their premium, with the biggest payout at SCR22,000. The September winner could be you! Ensure you renew or purchase your insurance before the end of September 2020 in order to be eligible for your name to go in the next draw.

 Contact us today for more information on the full comprehensive motor insurance on 249 5000 or

Sacos August Promotions: The Endowment Assurance Plan and the Householder Policy

As we approach the end of our month’s long celebration of our 40 years anniversary, let’s take a quick look at some of our promotions for the month of August.

Endowment Assurance Plan

Sacos is giving away a free Endowment Assurance Plan policy worth SCR150,000 to one lucky Sacos Life policyholder. The winner will be selected from a pool of existing Life policyholders and any new policies purchased by 31 August 2020.

The Endowment Assurance Plan is designed to pay a lump sum upon maturity or upon death. It can be taken for a minimum of 10 years or a maximum of 35 years, depending on the policyholder’s age.

The Endowment Assurance Plan is suitable for policyholders who are more conscious of making a short or long term savings plan whereby the entirety of the sum assured is collected at the end of the maturity period.

Householders Policy

During the month of August, Sacos launched two Householder promotions.

10 lucky existing Householders policyholders will each get 4 years free Householders Policy insurance coverage for a sum insured of up to SCR2 million. The promotion is applicable until 31 August 2020.

Sacos will also give 40 days free cover for any new purchase of the Householder Policy between 1 and 31 August 2020.

The Householders Policy is an insurance product which is designed to protect the house of the policyholder and its contents, against damage caused by perils such as flood, fire and burglary, amongst a list of others.

The Householders Policy is one of the most critical insurance products is any person’s life whether they are a tenant or the homeowner. Many homeowners find themselves at a disadvantage in the event of a fire or theft, or some other peril. The cost of rebuilding or replacing damaged properties can be a long and financially draining journey for the victim. The Householders Policy provides the much needed cushion against any further financial constraints to the policyholders.

Sacos takes this opportunity to thank you for celebrating this special milestone with us and we hope to still have the privilege of your good company on our next milestone.

Thank you!

For more information on the Endowment Assurance Plan and the Householders Policy and the August promotions, contact us quickly on 429 5000 or send an email to

Unburden yourself and your family with the Sacos Funeral Insurance Plan

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.

In February 2020, Sacos introduced the first funeral insurance plan in the country. The plan is designed to pay out a lump sum which covers the cost associated with the funeral service. In a simplified Q&A, we answer some of the more burning questions related to the Sacos Funeral Insurance Plan.

Who can take out a Sacos Funeral Insurance Plan?
Anyone between the ages of 18 years and 65 years can take the Sacos Funeral Insurance Plan.

Does the funeral plan cover only the policyholder?
The funeral plan can provide coverage to you, as the policyholder, and your family. Members of your family that can be included in the plan are your spouse, your children and your parent. It is up to you as the policyholder to decide who you want to include in the plan.

How much can I insure under the funeral plan?
Under the funeral plan, the highest amount you can insure is SCR75,000. You can also select from one of the other three options: SCR15,000, SCR30,000 and SCR45,000.

Does the SCR75,000 cover all the members of your family included in the plan?
Not at all. If you take a SCR75,000 policy, this entire amount will cover your funeral expenses if you, the policyholder, pass away. For any other member of your family on your plan, the policy will pay out separate lump sums to cover their funeral expenses. This is why you pay an additional premium for every additional family member you include to your plan. This same principle applies to the other three options, as well.

Does that mean that the premium is expensive?
The funeral plan is one of the most affordable insurance plans under our portfolio. For example, on a SCR15,000 policy, the additional premium to include your child on your plan is only SCR80. In fact, it is quite affordable that some people may even opt for the yearly payment plan as opposed to the monthly contribution.

Who does the lump sum go to when I the policyholder pass away?
If you as the policyholder pass away, the sum insured can go to a beneficiary of your choosing or directly to the funeral parlour of your choosing.  If however, one of the family members under your plan passes away, the lump sum would go to you. You will be asked by a Sacos rep to indicate your preference.

When is the sum insured paid out?
The Sacos Funeral Insurance has a fast payment clause, meaning that within 48 hours of the claim being made, the lump sum will be paid out. However, because there are terms and conditions which apply, you should consult your policy and/or a Sacos rep for more details on how and when to make a claim.

Is there an age limit valid for all persons under the funeral plan?
Indeed, there is an age limit for everyone. For you the policyholder, you have to be no older than 65 years of age, and no younger than 18 years. The same applies to your spouse if they are included in the plan. Your dependent child should be less than 21 and if they are still pursuing tertiary studies on a full-time basis, they have to be less than 25 years of age. Your parents on the other hand will be covered up to the age of 70 years.

Consult our website for more information on the Sacos Funeral Insurance Plan or call us on 429 5000 or send us an email to