We all aspire to be someone, and to do something.
How many times have you looked as someone and thought ‘I could do that too, if only I had the means’? With Sacos’ Exclusive Plan, you can!
Whether you’re a single lady, married, or a young professional, the Sacos Exclusive Policy provides an ideal opportunity to put aside something for yourself, and at the same time to eventually be able to enjoy your retirement.
How does the policy work?
Available from the ages 18 to 55, the Policy can be issued for a period of 12,15,18, 21 or 24 years. As the policyholder you will be paid the growing cash payment every three years.
For example: You take out a SCR100,000 policy for a maximum term of 24 years. You will be paid an initial 8% of the sum assured, in this case SCR8000, after the first 3 years. This will go up by 2% every 3 years until the 24th year of the policy. In addition to the whole SCR100,000 you receive upon maturity of the policy, you will have also have acquired an additional SCR20,000, as you would have received, in total, the growing cash payments every three years amounting to a total of 120% of the sum assured (total sum of SCR120,000)
On survival to the end of the term, in addition to the last cash payment, the full sum assured plus any bonuses accrued thereon is payable.
What happens if I don’t make it to the end of the Policy?
The whole point of getting an insurance policy is so you have something to fall back on if something ever happens to you. If, as the assured, you are unfortunate enough to suffer from total and permanent disability, you will be paid the full sum assured (with bonuses!) immediately, or in 24 monthly instalments. This is a free benefit provided with the policy.
In the sad case of your death during the term, the full sum assured and any bonuses accrued up to date of death is payable to a beneficiary of your choosing.
Early retirement? A new business venture? A dream holiday! It’s all at your fingertips as an Exclusive Policyholder!.
We’re more than happy to help you choose the most affordable plan that meets your objectives and cater for your financial needs.
Simply pay us a visit at our branches (Maison Esplanade – Victoria, Pension Complex –Baie St. Anne Praslin, Green Corner –Providence) or call us on 429 5000 or send an email to info@sacos.sc. We’ll be more than happy to help!
