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Christmas celebrations in Seychelles, like most places, follow the tradition of exchanging gifts with family and friends. It is a special way of letting them know that they are loved, appreciated and in your thoughts.  

In the face of the uncertainties of health and life, especially in times of the ongoing pandemic, an important item that you should consider including on your gifts list is – Insurance.  

Can you think of a better time than now to ensure that your loved ones are protected? Consider spending some time assessing the insurance needs of your loved ones and gift them with an insurance product that will help them stay financially protected!  

Here are a few Insurance Products you need to include on your Gift List this Christmas:  

Life Insurance Plans: When thinking about life insurance, is important for you to ensure that not only are your loved ones protected, but it is equally important to make sure that their dependents are equally protected. With this in mind, you should consider gifting the person an insurance plan which can provide them with a financial safety net that will be able to cater to: the pursuit of education abroad, their marriage, or a house for the family. 

Public Liability Insurance:  Did your partner or child recently start their own business this year or last year? You may consider gifting that special someone a year’s worth of Public Liability Insurance. The Public Liability Insurance covers accidents on the business premises, including injury or loss happen to customers, visitors or others. These can lead to significant costs if the business is deemed responsible. If the owner is unable to meet these costs, it could also significantly impact the business’ bottom line as well as its reputation. With a Public Liability Insurance cover, the business can be protected financially during its infancy.

Full Comprehensive Motor (Private) Insurance: Honestly, what is a better gift than covering this year’s motor insurance for your child. You can help them to make the switch from Third Party to Full Comprehensive for the following year, which will enable them to receive the full protection guaranteed by the motor comprehensive insurance.

Householder’s Policy: Buying for your ageing parents can be hard. What can you give to someone who has worked hard for all they have most of their life? You’d be surprised to find that most people do not insure their homes either from lack of awareness or a general feeling like fire or break-ins will not happen to them because they are careful. As we know, these unfortunate incidents cannot be predicted. For this year, check if your parents homes are insured and gift them the value of one year’s householder’s insurance policy. This will cover fire, theft, floods and other types of perils to either their building or contents.

Health Insurance;  Pandemic, accidents, and lifestyle-related diseases. These are but a few common afflictions these days, and the expenses of treatment can burn quite the hole in a family’s financial health. By helping a loved one to purchase a Health Insurance, not only are you protecting them, but you may be considerably reducing their financial burden as well. Sacos Health Insurance policies have different tiers, and add great value to the life of the insured at affordable prices.  

Not sure which product to purchase? Our insurance experts are available to assist you in procuring the right choice! Simply call us today on 429 5000 for more information or send an email to info@sacos.sc

As a country reliant on imports, Marine Cargo Insurance is an integral part of business planning in Seychelles. The final sale price of most goods we find on the shelves already incorporate the insurance cost from the CIF value of the goods (Cost, Insurance, Freight).

Why is Marine Cargo Insurance important, you may ask?

Marine Cargo Insurance is important because it is designed to protect your goods in the event of loss and damage whilst in transit. Importing goods is a costly affair, especially during these economically turbulent times. As a business owner of a small to medium-sized enterprise, damage or loss to cargoes can affect the profitability and survival of your business. This means that Marine Cargo Insurance is literally designed to protect your bottom line.

There are only a few things that can be done to protect your cargo while in-transit. One of these is ensuring that the freight has been packaged properly to lessen the risk of damage to goods.

Nevertheless, there are many perils and liabilities to be concerned about. Rough seas can cause damage to items by tossing and jostling them around in the containers. 

What does Sacos has to offer?

The Sacos Marine Cargo Insurance covers losses arising from physical damage to cargo and related liabilities whilst it is in transit by sea. Sacos offers its clients three clauses which ranges from a wider coverage to a more basic insurance coverage.

While each clause vary on the details, the main purpose of the Sacos Marine Cargo Insurance is to protect you and your company from suffering revenue loss in the event of physical damage.

The Sacos Marine Cargo Insurance protects your cargo in the event of theft, fire, bad weather and other liabilities.

Protect your goods from the start of its transit to you. Get in touch with us by e-mailing general@sacos.sc or calling us on 4 295 000 to find out more about the Sacos Marine Cargo Insurance!

There is nothing more exciting than shopping for a baby once you find out you’re expecting: crib, bottles, those adorable tiny clothes! We spend ages reading reviews and checking ratings on baby products because let’s face it, we all want our children to have the best of everything.  

At the top of that list should be a Sacos Junior Plan for when your child turns one. That is the earliest age they can be eligible for a Sacos Junior Plan. Available for purchase by parents and legal guardians of the child, the Sacos Junior Plan is the ideal tool to provide them with financial security in the future.  It entails making a savings plan for your child which they can collect upon coming of age.

Additionally, insuring your child as soon as they turn one decreases the possibility of them becoming uninsurable at a later point in life. Medical diagnoses can make potential policyholders ineligible for life insurance. As such, in securing an insurance policy on behalf of your child from the onset, you have ensured that your child will have a lump-sum amount in their savings during their adulthood. 

A life insurance policy can make all the difference in your child’s life.  You should hurry and take the Sacos Junior Plan today as the minimum term for the policy is ten years and the maximum age at maturity is twenty-one years.

Talk to one of our agents today about coverage options for your child by calling us on 429 5000 or sending an email to info@sacos.sc and an officer will get back to you.  

While the festive holidays are supposed to be times of joy, great fun and relaxation, many homes are especially vulnerable to burglary and other forms of perils.

If you are concerned about your home security and safety, below are some useful tips to consider:

1. Upgrade your security system

If you have a security system at home, make sure that your equipment functions properly. A low-res camera is about as useful as having no camera set-up at all so this might be the time to upgrade to a higher-res security system. You may also want to consider setting up both indoors and outdoors camera. While you’re at it, a smart home alarm system can easily keep you informed in real time of any break-in attempts.

2. Keep your lights on

With people away from their homes attending parties and late-night get-togethers, having lights on can minimise the risk of burglaries in your absence. Motion sensors are useful in deterring would-be burglars from your home as lights are activated when the sensors are tripped. Leaving on your christmas lights might also dissuade people from targetting your home, but you should consider the risks of fire, energy use and whether external lights are connected to internal sockets which may leave your windows at risk of being pried open.

3. Reinforce doors and windows

All windows should be burglar-proof regardless of the time of the year, but you may want to reinforce some of the security measures related to access points into your home. Most people focus on burglars bar for their windows, ignoring the fact that a lot of burglars gain access through the main/side doors. You should consider replacing worn-out door hinges and frames, upgrading security locks and substituting with more sturdy door material. Fixed burglars bars are good, but retractable bars for both doors and windows protect you from break-in attempts and facilitate exit in case of fire. (Quick tip: strategically-placed thorny shrubs and potted plants can make burglary harder).

4. Use Common Sense

Unfortunately, unsavoury characters out there will take advantage of your generosity and naivete. It’s important to practice good common sense around this time to ensure that your safety is your number one concern. Burglaries can happen in broad day light when we are inside our home. Consider keeping your doors and windows to rooms in other parts of the house locked when you are not using them. Lock your doors behind you if step outside for a short while, even when tendering your garden or putting out the trash. Do not leave strangers unattended by your open/unlocked door to go retrieve something from the house. While refusing someone a glass of water is not the way your parents raised you, trust your instincts if you feel something is not right – your safety is paramount. (If an unknown person comes to your door to sell you certain items, know that these may be stolen goods; you will be criminally liable even if you unknowingly purchased them).

5. Take out a Householders Policy

Despite your best actions, you may find yourself victim of a burglary. The Householder’s Policy provide financial compensation to homeowners in the event that they suffer loss or damage arising out of a burglary or other specified perils. The Content cover under the Householder’s Policy provides coverage against loss of personal items such as TVs, stereo equipment, laptops/tablets/computers etc. The Building cover under the Householder’s Policy provides coverage against damage to walls, doors, windows and other permanent fixtures, among others.

Keep yourself and your home secure and safe this Christmas! Call us today on 429 5000 for more information on the Householder’s Policy or send an email to general@sacos.sc or visit our website to request a quote.

The holiday period is the one time of the year where most people come together to exchange gifts, share good food and enjoy each other’s company. This year, however, looming economic anxieties and sporadic COVID-19 positive cases threaten to dampen traditional holiday festivities.

Businesses have always played a key role in igniting the spirit of Christmas in the country and this year it is important more than ever to keep this flame alive. Creative lights and decorations, interesting deals and promotions, and even an enticing end-of-year Sacos lottery.

Most businesses are currently in the process of building their stocks ahead of the festive period. One of the pressing concerns for their consumers right now is the rising cost of goods as a result of pressures on foreign exchange.

Sacos offers a simple solution for everyone this Christmas with the Marine Cargo Insurance:

• Purchasing a local insurance products relieves some of the pressures on foreign exchange demand.
• The Marine Cargo Insurance is affordable and will keep the cost of importing goods to a sustainable level.
• Supporting local businesses helps to build the economic health of the nation.
• Sacos Marine Cargo covers losses arising from physical damage to cargo and related liabilities whilst it is in transit by sea.
• Sacos Marine Cargo can provide coverage for a single shipment or an open cover for the regular importers and exporters.
• The Sacos Marine Cargo Insurance is flexible and offers three different options depending on the customers’ needs.

Today is the best time to take your Marine Cargo Insurance with us. Visit our website to request a quote from us or call us on 429 5000 or send an email to general@sacos.sc.