Content insurance for apartments

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.

 

Tips for exam preparation

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.

Make your home a safe space for learning

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.

 

Sacos participates at the hidden history of victoria “Redekouver Nou Zoli Lavil” Green Event

sacos seychelles

Saturday, 15th June 2019

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

Get a SCR200,000 life insurance policy for your child

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The Sacos Junior Plan is a life insurance policy designed for children. Parents or legal guardians can purchase the policy for their child, which matures upon the child reaching the age 18, 19, 20 or 21 or is fully paid upon the unfortunate death or total permanent disability of the parent.

Choosing the sum assured for the insurance policy requires careful consideration, so to help you consider your options we are starting with a SCR200,000 life insurance policy.

Factors to consider:

  • Term – The longer the term, the cheaper the monthly or annual premium. E.g. Assume you are 35 years of age, a SCR200,000 policy maturing in 10 years will cost around SCR1,688 per month, whereas the same policy maturing in 20 years will cost SCR687 per month. The maximum term is 20 years and minimum is 10 years.
  • Your Age – In insurance, you are considered to be of a higher risk, the older you are. For the Sacos Junior Plan, the premium rate is similar for parents aged between 18 and 35 years, but increases for parents aged between 36 and 55 years of age. The policy is not available to parents aged above 55 years of age.
  • Your child’s age – You can easily have a 20-year policy if you purchase the Sacos Junior when your child is one-year-old. Because of our age limit, your child must not be older than 21 years of age when the policy matures. The policy matures when your child reaches between the ages of 18 and 21 years.
  • Premium – When purchasing the policy, you must decide what is financially comfortable for you. You can choose to pay your premium on a monthly, quarterly, half yearly or an annual basis. The higher the premium you pay, the bigger the sum assured for your child. E.g say you are 30 years of age and you choose a policy lasting 15 years, with a SCR1,017 monthly premium you are insuring SCR200,000 life insurance policy. However, with a SCR2,541 monthly premium you are insuring a SCR500,000 insurance policy for your child.

When purchasing a Sacos Junior Policy, always consider inflation and what the sum assured would be worth in the future. Speak to an agent or one of our officers for more assistance on a right policy for you. You can also use the online calculator on our website (https://www.sacos.sc/here-for-you/life-assurance-plans/) to try out different rates.

The figures cited in the above article is only indicative. For a formal quotation please contact us on 4295 000, request a quote from our website (https://www.sacos.sc/here-for-you/life-assurance-plans/), send an email to life@sacos.sc  or visit one of our branches.

Celebrate the month of June with a Sacos Junior Plan

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There is no better way to celebrate the month of June, which is the month for the children by giving your child a present that will make a difference in their life. The Sacos Junior Plan provides your child with financial security later in life, allowing them to have an early start on their future projects. This can be a deposit on their first home/apartment, payment towards their further studies or payment towards their first car.

How does the Sacos Junior Plan work?

With the Sacos Junior Plan, parents can purchase a life insurance policy on behalf of their child, which would be disbursed to the child upon the maturity of the policy. Parents can choose the sum assured (e.g. a SCR500,000 insurance policy) by taking into consideration several factors such as the child’s age, the parent’s age, the term of the policy, the age of the child at maturity of the policy and the cost of the premium.

The Sacos Junior Plan is available to children from the age of one and the child should be no older than 21 years of age when the policy matures. The policy has a minimum term of 10 years and in consideration of the child’s age, parents can choose to have the policy mature upon reaching a meaningful age. As an example, a parent can choose to purchase a SCR500,000 policy with a 20 year maturity period for their one year old child. The child will be paid the full sum assured, with accrued benefits upon reaching their 21st birthday.

Who can purchase the policy?

Only parents and legal guardians can purchase a Sacos Junior Plan on behalf of their child. Nevertheless, other family members and friends can help you as the parent or legal guardian by contributing towards the payment as an annual birthday or Christmas gift and even on special occasions such as Holy Communion, graduation and Children’s day. It is important to note that only parents or legal guardian between the ages of 18 – 55 can purchase this policy.

What happens in the event of an unfortunate death or accident?

In the unfortunate event of the child passing away, the age of the child at the time of passing is taken into consideration. If the child is six years of age or older, the full sum assured is paid to the proposer which is the parent or legal guardian. If the child is younger than six years old, a percentage of the sum assured is paid to the parent depending on the age of the child at the time of passing. If the proposer passes away or becomes permanently disabled during the term of the policy, the payment towards the policy is waived. Nevertheless, the policy remains in force until the maturity period.

The Sacos Junior Plan is a great way to set up your child to have financial dependence later on in life.

Visit our website (https://www.sacos.sc/here-for-you/life-assurance-plans/) for more details on the Sacos Junior Plan and try out our online calculator to decide on the best plan for you and your child. You can also request a quote from our website and one of staff will then be in contact with you. Alternatively, you can call us on 4295000 during working hours or visit one of our branches.

Sacos rewards promotion winners!

Since 2018 you may have noticed one or several Sacos pop-up stalls at various locations. We have been working tirelessly to bring our services closer to you, our esteemed clients, and have since started a flurry of road shows, mobile information desks and reward programmes!

This month, three lucky winners were fortunate enough to win back their annual Motor Private Comprehensive Insurance Premium from Sacos Insurance Group; Mrs. Doris Mancienne who has been with Sacos since 1971, Richard Talma who has been with Sacos since 2011 and Emma Valentin are the first winners for this first quarter of 2019.

Sacos’ aims to award a total of twelve customers with their annual Motor Private Comprehensive premium  this year, in draws that will be taken on a quarterly basis. The next draw will be on 31 July 2019.

Thirteen winners were drawn from a list of all existing Motor Private Comprehensive and Taxi customers this quarter. Runner ups did not go empty handed and were awarded with Sacos branded gifts, emergency car kits, first aid kits, sunshades, mobile phone holder, car USB charger, beach stools and cooler bags.

The promotion is a continuation of the 2018 campaign which sought to thank loyal customers for choosing Sacos Insurance Group as their primary insurance provider, and also to raise awareness on the benefits of Motor Private Comprehensive Insurance.

“We would like to keep up the awareness of the importance of insurance to everyone in general. Knowing that Motor Insurance is compulsory, we only deem it fair that we reward our long time customers” says CEO Jennifer Morel. The first quarter’s winners have expressed their shock and satisfaction over their wins. Mrs. Mancienne, a loyal customer since 1971, has just retired this year and was shocked to learn that she had won. Mr. Terry Assary, a loyal customer since 2011, is a second time winner of the draw and expressed his hope that he eventually wins back his annual premium!

Get your insurance from Sacos… our next lucky winner could be you!