News & Notices
- New Opening Hours for Sacos Victoria & Praslin Offices in View of COVID-19 Situation
- Notice – E-Channels for all your insurance needs
- Closure of Providence Branch
- Closure of La Digue Branch
- New Opening Hours for Sacos Victoria Office
- New Opening Hours for Sacos Praslin Office
- Notice to all customers from Sacos
- Sacos main sponsor to the Cancer Association for the Brave The Shave Event, Praslin, 30th november 2019
- Purchase your “Mortgage Life Insurance” with Sacos and stand a chance to win a return-ticket to Dubai and get free fire insurance for your house*!
- Sacos offers peace of mind for the small business entrepreneur at the ESA Expo
- Sacos Brings its Roadshow to Providence area
- Get a SCR200,000 life insurance policy for your child!
- Sacos participates at the hidden history of victoria “Redekouver Nou Zoli Lavil” Green Event
- International Sales & Business Seminar
- Sacos Rewards 6th Winner of our Motor Full Comprehensive Promotion for 2018!
- The Great Travel Insurance Giveaway! Friday
- Sacos Rewards 4th Winner of our Motor Full Comprehensive Promotion!
- Sacos Junior and Education Plans
- Sacos and the FIFA World Cup Finals
- Sacos “Exceeding Greatness” Awards
- Lucky Sacos client wins back his annual Motor Insurance Premium
- Dividend payments for Sacos shareholders to be paid in December
- Jennifer Morel appointed CEO of Sacos Insurance Group
- Fiona Port-Louis winner of Sacos’ October Travel Insurance promotion
Get a SCR200,000 life insurance policy for your child!
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. sured for your child.
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 (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 firstname.lastname@example.org or visit one of our branches.