Many tenants and apartment owners believe that getting a household insurance is not a necessity as the structure of the building does not belong to them. Only if life was ever that simple.
Sadly, fires, floods and thieves do not discriminate on the ownership of the building structure. The contents of the apartment belonging to the tenant or the apartment owner will still be damaged or destroyed in a fire or flood. And thieves are even less likely to try and steal kitchen fixtures!
Undoubtedly therefore, you would need contents insurance to protect your personal items from these unforeseen events. The home content insurance protects high value items in your household.
These include:
Electronics such as TV, washing machine, fridge, oven, computer, stereo system etc.
Furniture such as sofa sets, beds, dining room furniture, detached wardrobe etc.
High value jewellery such as wedding rings, watches, necklaces, earrings etc.
When purchasing a home content insurance, a designated evaluator will help to evaluate the worth of the contents of your home. The total coverage of your content insurance will be based on the estimated value derived by the evaluator.
It is important to note that the home content insurance does not cover natural wear and tear and accidental breakage of your household contents.
Contact us for more information on the home content insurance.
No matter which year you are in or the type of studies you have are undertaking, exam period is one of the most stressful time of life. Thankfully, with good exam preparation, you can manage some of the stress of exams.
You cannot be too prepared for exams, so congratulations if you are one of those the few who have been preparing since Day One. For everyone else, the clock is ticking down and a good time to start your exam preparation is at least a month before they are due.
A month before exam
What to do?
Revisit concepts you learnt since the term/semester started
Understand how to use these concepts and why you need to use them
Talk to your teachers/lecturers about topics you have some difficulty grasping
Do some research online for additional clarity; video tutorials can help
Schedule study time for consistency and habit
Purchase or borrow study books with exam-like questions and answers
Form study groups and help each other out
Two weeks before exams
What to do?
Practice past papers (at least the last 3 years)
Identify your topic strengths and focus on them
Some questions or formats are always likely to come up, identify the pattern
By now you should be studying everyday, with regular breaks in between
Your study hours should also be higher than the norm
Study to understand, not to memorise
Avoid distractions and put an immediate end to your procrastination habits!
One week before exam
What to do?
Morning, afternoon or evening person? Find out what times works best for you
Hands down, early morning is the best time to study after a good night’s sleep
Continue practicing past papers
Keep getting wrong answers? Try again until you get it right
Unsure about certain topics, ask for help from teachers and classmates
Ask your teachers for tips on how to score higher
All else fail, memorise! Write down your notes for better results
Exam week
What to do?
Do not stress, be calm and tackle your papers one exam at a time
Take breaks in between studying, especially before the next exam starts
Have two exams on the same day? Study for them on different days
Stay focused and concentrate
Eat well and get a decent amount of sleep every night
After exam
What to do?
Relax and don’t stress, the worse is over. Except for your result… which you cannot do anything about – so just relax and don’t stress.
Most parents hope that their child will excel at school, but many of us may well have been disappointed with end-of-term report cards. Children’s school performance however are often linked and are a product of the home life. Providing children with a stable and safe environment for learning goes a long way in nurturing their academic and emotional intelligence.
While teachers play an in important role in the classroom, parents play an equally vital role at home. Here is what you can do to improve the environment at home:
Designate a special study area
Rooms are normally designated for things we consider to be of importance in the house, such as cooking, sleeping and showering. By allocating a study area to your child, you are showing them that studying is also equally important.
Respect study time
Most households however are not spacious and may just have enough rooms for all the occupants in the house. By identifying a specific time for study, parents can provide their child with a quiet space in the house to study.
Avoid unnecessary disturbance
Once you have agreed on a structured time for studying, it would be rather unhelpful if you or any other person in the house constantly disturbed the child. It might be arguments or talking too loudly, going in and out of the room being used or asking the child to finish a chore they left unfinished. Frequent disturbances in the routine can break their focus, frustrate them and they might give up on studying altogether. Some moments of quiet will enable them to concentrate on their work.
Recognise their strengths and weaknesses
All children have certain weaknesses at school. Some perform better in certain subjects than others. Some are more academic and others more creative or sportive. By recognising your child’s strengths, you can help nurture their skills further. Even more importantly, by accepting their weaknesses, you can identify more effective methods of tutoring conducive to your child’s abilities.
Give out encouragement and praise
While it may be easy to feel exasperated with their results, encouraging them to perform better might prove to be more useful than a scolding at home. Encouragement and praise should be given out constantly in order to boost their self-esteem. By being more confident, they might be encouraged to keep trying until they succeed.
In making your home a safer place for learning, you are helping to give your child the best chances in life to succeed.
The Seychelles Hospitality and Tourism Association (SHTA) has organized this initiative with the Seychelles Sustainable Tourism Foundation (SSTF) in order to encourage ecofriendly and sustainable practices. A green initiative that we have fully supported with our participation as volunteers to clean up the historical sites in Victoria.
A team of 6 SACOS staffs were posted at the National Museum to clean up the entire area and to explain and raise awareness of the effects of littering, which is illegal and an issue that Seychelles is still facing. SACOS has an important role to play in promoting a green outlook in the local community, and in becoming more environment-friendly. We have already taken several steps to embrace digitalization and this shall lead to numerous benefits for us and our customers, such as improving operational efficiency, enhancing customer experience, and adopting sustainable business practices.
We will continue contributing to environmental, social and economic sustainability and provide our continuous support to the Seychelles Hospitality and Tourism Association in their future green projects.
Sacos Here for you.
For more information, please contact:
Mélissa Duffets
Public Relations and Marketing Manager Sacos Insurance Group T 429 5000 E melissa.duffets@sacos.sc
The Sacos Education Plan provides parents with a broad choice on how to plan out the payment for their child’s tuition fees. In the last post, we explored how parents could use the Sacos Education Plan to pay fees for university education. This time we illustrate how parents can pay both the primary and secondary tuition fees on the same plan.
> Go for a 10 year plan
If you plan to use the Sacos Education Plan to pay for both primary and secondary education for your child, your most suitable option is a 10-year plan. Normally, students enter primary school at the age of 6. If you take this plan when your child is born or before they turn 1, you will receive the first payment by the time your child turns 5 years of age.
> Payment schedule
The payment schedule below shows how you can use the yearly payment from the Sacos Education to pay for annual tuition fees for both primary and secondary school. In this example, we assume that you take out a SCR630,000 insurance policy which is sufficient to cover the tuition fees for primary and secondary school, as well as admission fees and other related expenses.
The tuition fees cited below have been estimated based on existing market prices.
Payment
Schedule
% Payout
Claims Payout per year (SCR)
Primary School year
Annual Tuition Fees (SCR)
Savings made per year (SCR)
Secondary School year
Annual Tuition Fees (SCR)
Year 1
10%
63000
P1
45000
18000
S1
60000
Year 2
10%
63000
P2
45000
18000
S2
60000
Year 3
10%
63000
P3
45000
18000
S3
60000
Year 4
10%
63000
P4
45000
18000
S4
60000
Year 5
10%
63000
P5
45000
18000
S5
60000
Year 6
50%
315000
P6
45000
270000
Total
100%
630000
270000
360000
300000
In the example above, every year for five years (Year 1 – 5) you will receive SCR63,000 from your insurance policy. This is enough to cover the annual tuition fees for primary school from P1 to P5
The tuition fees for primary school can go at SCR45,000 per year (SCR15,000 per term). As a result, each year you will make a saving of SCR18,000 from your insurance payout. Savings from Year 1 can also be used for admission fees such as enrolment and deposit fees.
In the last year (Year 6), you will receive SCR315,000 which is 50% of the total sum assured (SCR630,000). From this amount, SCR45,000 can go towards the tuition fees for P6 and the remainder (SCR270,000) towards the payment for secondary school.
Assuming that the annual cost for secondary school is SCR60,000, the total cost of tuition for S1 – S5 is SCR300,000. Using your savings made so far, a total of SCR360,000 (SCR270,000 remaining from Year 6 + SCR18,000 per year from Year 1 – 5), you will be able to meet the full cost of tuition for secondary school using your policy.
Useful tip: It is better to save all remaining amounts from annual payouts in case the cost of tuition rises over the years.
Now, you may be thinking that a SCR630,000 insurance policy is a bit much. It is not. This is what you will be paying in any case after 11 years of paying for your child’s private education. What you are securing with this insurance policy is:
Sacos Insurance Group Blog 