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Gifts do not necessarily have to be expensive to be meaningful; they can be simple, thoughtful and timeless. With Valentine’s Day approaching, a life insurance for a loved one can be the most ideal gift.
Life insurance provides financial security, economic stability and peace of mind for the future. Gifting your loved one a life insurance policy is not only a symbolic gesture of love, but one of commitment. 
It is an investment into your relationship and a promise that you will be around to help your partner fulfill their dreams and goals. You are showing that you care about their future and you are in it for the long run. 
As gifts go, this is one which promises to benefit everyone in the family. If you already have children together, your gift to your partner provides additional protection for the whole family. It helps to build the household’s wealth and a source of future income. It provides a buffer from sudden financial loss should anything happen to one of the parents (the policyholder). 
With a life insurance policy, the family can easily plan for any significant life event, such as school/university tuition, starting a business, purchasing a car, building a house, going on a holiday, or even building a retirement fund.
While your child may not fully appreciate the benefit of life insurance gift today, why not consider them in your current plans? They will thank you tomorrow for thinking of their future – for giving them a leg to stand up in life as they come of age and prepare to leave the nest. 
At Sacos, we have a wide range of life assurances to meet anyone’s needs. Click on our website to find more information on our insurance products:

• Double Security Plan
• Endowment Assurance Plan
• Junior Plan
• Sacos Exclusive Plan
• Sacos Special Plan
• Special Endowment Assurance Plan
• Special Whole Life Assurance Plan

Get in touch with us by calling us on 4 295 000 or send us an e-mail to info@sacos.sc for more information on an insurance which is just right for you and your loved ones.

Paying your insurance premiums has never been easier with all the electronic facilities existing at your preferred bank.

Today, we show you how to pay your insurance premiums or Sacos rent through the Seychelles Electronic Fund Transfer. This system is ideal for those holding a bank account with Nouvobanq, Seychelles Commercial Bank or Credit Union.

Continue reading “Pay your insurance premium or Sacos rent easily with SEFT” →

There is no argument that the pandemic has considerably changed how we live our lives, especially our customs and habits, but there has also been a change in the way we conduct our everyday errands. 

This is quite apparent in banking and bills payment where, normally, people would commute to town to deposit cash into their account, withdraw funds from their savings or stand in a queue to pay their monthly bills. 

With the new restrictive COVID-19 measures in place, most of these services have been limited and people are being asked to turn to alternative forms of payment.

Last week, we featured a piece on Mobile Banking through the JuicebyMCB app.

Today, you can learn more about online banking with Absa Seychelles Ltd Mobile Banking App.

Step 1: Download the app via Google play store or Apple store.

Step 2: Register to use the mobile banking facility by following these clear instructions here.

Step 3: Register Sacos as a beneficiary on your app by selecting ‘Beneficiaries’ and enter the relevant information as indicated here. Refer to our QR Code here for information on our banking account with Absa Seychelles Ltd. 

Step 4: To make a payment, select ‘Pay Bill’ icon and select Sacos as the registered biller. You can follow the instructions here. When making your payment, please ensure you put your policy number in the payment details field.You can also use this payment method to pay your monthly Sacos rent. Make sure you enter your full name properly when making the payment.

Step 5: Click ‘Confirm’ to confirm the payment.

If you are having trouble downloading a QR code scanner from your phone, call us on 4295008 or WhatsApp 2660950 to obtain the bank details for your respective banks.

It’s eerie enough to map out a plan for your own death, but to add your family, as well, can be a scary thought. However, it makes the most economic sense and here’s why you should add your family to your Funeral Insurance Plan.

The Funeral Insurance Plan is one of the most affordable insurance products within our portfolio of products. It can cost as little as SCR80 per month depending on your age and your insurance plan.  Adding your family to your plan can likely be a nominal amount, in addition to what you are already paying.

Who can be added to your plan?

If you are the main member of the plan, you can add your spouse (age above 18 years and less than 65 years), your dependent child (age less than 25 years if studying full time at a tertiary institution, otherwise age less than 21 years) and your parents (age up to 70 years).

What are the benefits of adding your family members to your plan?

You all get the same benefits under one plan. If the plan is for a SCR30,000 assured sum upon death for yourself, this amount will also be made available upon the passing away of each family under your plan. 

Another benefit is the lifetime coverage for some of your family members. Although your dependent child can only be included up to the ages of 21 and 25, depending on their studies, your spouse and your parents can be included until death.

If your family member passes away, you won’t have to be financially burdened with considerable funeral costs, especially if you are an only child or a single parent. 

For more information, call us on 429 5000, send an email to life@sacos.sc or request a quote through our website.

January is commonly known for torrential rainfall and flash flooding in Seychelles and this year has not been much different. It is generally one of the most important months for homeowners with a Householders Policy.

Torrential rainfall and flash floods can cause damage to houses, walls and even vehicles on site. The force of the water can cause structural damage to the building, including carrying debris within the perimeter and inside the house. Heavy winds and storms can also cause fallen debris such as tree branches to damage the roof, walls and windows of the house Other damage can be caused by landslides and boulders crashing into the homes. Erosion can also weaken the foundation of the home, especially those built on stilts.

If you have a Householders Policy, your policy would cover damage to the building of your house, including roofs, walls, floors, windows and doors if you have the Building cover. Your policy would also cover damage resulting out of the flood to your furniture and other items if you have a Content cover.

If your house was recently damaged by flood or other debris from the torrential rainfall, contact Sacos to make a Claims for the damage caused.

If you do not have a Householders Policy, today is a good day to contact us (T: 429 5000 or E: claims@sacos.sc) or more information on the Householders.