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A mortgage is a big commitment: it’s probably your biggest commitment at the moment, right?

It’s also a commitment you don’t want your spouse or children to bear in the unfortunate event something happens to you. You don’t want your loved ones to worry about how they’re going to make the repayments when you’re not around.

The truth is, a Mortgage life insurance is all about helping you protect the place your loved ones call home. With Mortgage Life Insurance, the insurance cover would help to pay off your mortgage in upon your passing during the period of the policy. Your loved ones need not worry about debts and financial burdens, or the possibility of having to sell the house.

Now, you’re probably wondering why you would need a Mortgage Life Insurance if you already have Life insurance. The biggest difference between the two is that they are designed with different protection purposes in mind. Some people want a policy that will help protect their family financially if they were to pass away during the policy term. Others may want a policy that could help their family with the mortgage payment. Mortgage Life Insurance is specifically designed to ensure your mortgage repayments would be covered if you died or fell seriously ill during the term of the plan.

At Sacos we understand that everyone’s circumstances are different, which is why we have worked extremely hard to revamp our policy and bring you the best protection at the most competitive rate! Interested? Get a quote here.

Need additional information? Not a problem! Call us on 429 5000 or send an email to info@sacos.sc and an officer will get back to you.

Monday 21st October 2019

As part of its Festive Season give-away promotion, from the 21st October 2019 to 18th December 2019, all customers who purchase a new Mortgage Life Insurance Plan with Sacos, will not only stand a chance to win a return ticket to Dubai in our 23rd December draw, but also get a Free Fire Insurance Policy for 1 year, if their sum assured is above SCR700,000.

The Sacos Mortgage Life Insurance Plan offers credit protection coverage, the purpose of which is to settle your insured debts with the respective financial institutions in the event of Total and Permanent Disability or death. This ensures that your family will not be burdened by your debts in case of your disability or demise. The Fire Insurance plan on the other hand, provides the minimum protection for your investment in your house in case of fire, lightning and explosion.

Why should I Buy a Mortgage Insurance?

When it comes to protecting one of your most valuable assets, a mortgage insurance is crucial in case something unfortunate happens to you. There are two main options for protecting yourself: you can either take out mortgage life insurance protection specifically to cover your mortgage or secured loan repayments, which have been taken to build/purchase your new home, refurb your current home, invest in a business / in your or your child’s education, purchase a new car, and more, or get a credit life protection insurance to cover small-unsecured loans.

Your mortgage is probably your biggest monthly outgoing. If you were unable to work due to disability or death, you or your family would still need to make the repayments for your ,loan or you would risk losing your assets. Sacos mortgage life insurance plan is here to protect you and your family!

Visit/Call us or one of our agent/broker not only to protect yourself, your family and your asset but also for your chance to win with Sacos! You can also visit our website https://www.sacos.sc/here-for-you/credit-protection-insurance/ where you can get more information on our product or request a quote.

Sacos Here for you.

What does a Sacos Travel Insurance Policy typically cover?

Travel insurance policies can vary depending on the country you are travelling to, especially in terms of how much protection they offer, but as a general rule, we will cover you for the following:

• Delays
• Cancellation or curtailment
• Lost or stolen baggage or belongings
• Personal liability
• Medical costs and repatriation.
• 24 hours personal assistance service
•  Personal accident cover of USD35,000 under the worldwide plan
• Cover from 7 to 92 days

What does travel insurance typically exclude?

As with most insurance agencies, we do not cover pre-existing medical conditions, so make sure you find the policy you are considering will provide you with sufficient protection if you do have any health issues.

Policies also won’t pay out for any losses which arise as a result of you being drunk or under the influence of drugs.

And travel cover will typically exclude winter sports such as skiing and snow-boarding, as well as extreme sports such as bungee-jumping or sky-diving.

What if I have a medical condition which is under control, do I need to tell insurers?

Yes, you do. As your insurer, we need to know your medical history and any conditions you’ve suffered from previously, or  any claim you make could be rejected. A pre-existing condition usually means any medical condition for which medical advice, diagnosis, care or treatment has been either received or recommended.

Never be tempted to withhold information, as if you do make a claim the insurance company will be able to access your medical records.

I’m pregnant, do I need a specific type of travel insurance?

Most standard travel insurance policies will cover you if you’re pregnant, but usually only until you’re around seven months pregnant. Bear in mind that airlines often impose restrictions on how close to your due date you are when you travel. You will need their permission to fly if you are nearly full-term and may have to provide a note from your doctor confirming you are fit to fly.

How do I make a travel insurance claim?

To make a claim, contact us as soon as something goes wrong. Sacos Insurance Group has a 24-hour helpline so you can contact us at any time.

Don’t forget that oftentimes evidence is needed to support your claim. For example, if your valuables have been stolen, you will need a police statement. Or, in the event of lost baggage, you should get a form confirming this from the airport and submit it with your claim.

For additional information  or quotes vis a vis our Travel Insurance Plans, visit our  website, or call us on 429 5000 or send an email to info@sacos.sc and an officer will get back to you.

The thought of losing your passport while you’re on holiday is a daunting one, but sadly it is a reality for many vacationers. Amidst the chaos and stress of losing your passport, we do not want you to worry about the financial aspect of the ordeal, hence the inclusion in our travel insurance policy!

Here are some useful information to help you organise emergency travel documents and make a claim on your travel insurance if you lose your passport or have your passport stolen when you are abroad.

What to do if your passport is lost or stolen:

Always report the loss or theft of your passport to the local police of the country you are visiting and obtain a police report as soon as possible. This is usually needed to obtain replacement travel documents and to make a successful claim on your travel insurance.

Contact the nearest Seychelles Embassy or Consulate. They should be able to issue emergency travel documentation to enable you to return back to the Seychelles. In the absence of both, contact the Consular Affairs Section at the Department of Foreign Affairs

If applicable, complete the form to cancel your missing passport. (This is important to prevent identity theft which is a growing crime)

Call the number provided in your travel insurance policy. You will be assisted either with the help of finding and securing your lost passport or the cost of refund in relation to getting a new passport.

*Once you are back in the Seychelles, contact us to recoup the cost of your emergency documentation, up to the amount shown in your policy schedule. You will need to supply a police report and evidence of the cost of any emergency documentation.

Travelling soon but no travel insurance? Requesting a quote is easy! Just click on this link: Travel Insurance Quote or call us on 429 5000, or send an email to info@sacos.sc and an officer will get back to you.

At the beginning of July 2019, Sacos, in partnership with Air Seychelles, Avani & Berjaya, launched its’ second “Great Travel Insurance Giveaway” promotion for customers purchasing a Travel Insurance Plan between 1st July and 1st September, with the aim of raising awareness on the importance of getting a Travel Insurance Cover when travelling overseas, whether for business or leisure. Having a Travel Insurance has become an essential part of travelling. It not only acts as a safety net against the risk of incurring unforeseen medical expenses but also safeguards against other travel related emergencies that could spoil a person’s trip such as trip delays, loss of passport or luggage, and many more.

The lucky winners of our second promotion received their prizes today, Friday 11th October at Sacos Head Office and Ms. Paquerette Lablache walked away with the Star-prize of a return ticket to South Africa, which was presented by Ms. Brigitte Appoo, Head of Sales at Sacos & Ms. Elsie Hurst, Corporate Relations Manager of Air Seychelles who co-sponsored the ticket. Ms. Lablache understands the benefits and protection that the Travel Insurance can offer during an overseas trip and for the last 2 years, she always ensures that she purchase her travel insurance from Sacos. Indeed, she stated, “nowadays it is becoming very tough when you travel, as you can be involved in any accidents. You are leaving your family behind and you do not know what can happen to you while you are travelling, it is therefore very wise to take the travel insurance to feel secure.” “People should not think twice to purchase the Travel Insurance!” she continued, “ I am very happy and feel very secured and safe when I purchase my Travel Insurance from Sacos”

The other winners of the promotion were: Ms, Emmelyn Porice, who won a night stay on Half Board at Berjaya Praslin Beach, Ms. Richelle Jean, who won a one night stay at on BB at Avani Resort & Spa, and Ms. Valerie Ah-Weng who won dinner for two sponsored by Berjaya Beau Vallon Bay Resort.

“We are happy that through our promotions travellers are becoming more conscious and appreciate the need for them to take insurance cover when they travel” said Ms, Morel, CEO of Sacos “ I would encourage others to ensure they are protected when they travel – after all one never knows what can go wrong” she continued. “We will continue to provide our clients the protection needed, in partnership with Mapfre, our internationally renowned insurance partner, which operates worldwide and therefore provides immediate assistance for our client, wherever they are” she concluded.

Since January this year we have had three lucky travellers who have won return tickets in our “great travel insurance giveaway” as well as other prizes and that included return ticket to Mauritius, Sri Lanka, and South Africa.

UPCOMING PROMOTION

To encourage more people to take a travel insurance, Sacos is very happy to announce our next travel promotion, which will run for the period 12th September to 18th December 2019 with the prize giving taking place on 23rd December just in time for the festive season. To encourage travellers to protect themselves when travelling, all individuals who purchase their travel insurance with Sacos during that period, whether travelling for leisure, business or studies will go into the draw and have a chance to win the following:

• A return Ticket to Dubai + SCR 5,000.00 Allowance,
• One night for two on Half-Board at Silhouette Hilton La Briz Island Resort and Spa,
• A Voucher for a Dinner at La Scala Restaurant amounting SCR 2,000.00.

The Sacos Travel Insurance covers medical and emergency assistance expenses up to USD 100,000.00, offers a return ticket and accommodation for a family member to your holiday destination in case of hospitalization, and it covers trip delays, loss of passport or luggage, as well as legal defence, thus providing a worry-free trip for the travellers.

Visit our branches at Victoria, Praslin & Providence for your travel insurance or contact us on 4295000 or visit our website
https://www.sacos.sc/here-for-you/travel-insurance/ for a quote or for more information.

Sacos Here for you.