Junior Plan.

Everyone needs some form of financial security for the future. Our life insurance plans give you two levels of security for your peace of mind. You can make a savings plan for yourself and/or provide for your loved ones in the event you are no longer around.

The Sacos Junior Plan incorporates both savings and protection for children. It is available for children from birth to age 11.

The minimum term is 10 years and the maximum age at maturity is 21 years.

On survival of the child to maturity, the full sum assured together with accrued bonuses are paid.

In the event of the death of the child before the age of 6, we pay a percentage of the sum assured in accordance with a published table of benefits. Beyond the age of 6, we pay the whole sum assured to the parent or legal guardian upon death of the child.


Age at death (Year)% of the Sum Assured Payable


If the life proposer passes away during the term of the plan, Sacos will continue to pay the premium up to maturity.

Benefits of this Plan:

> On survival to the end of the term, the sum assured and accrued bonuses are payable;

> On death and/or Total and permanent Disablement of the parent, Sacos continues to pay the premium.

> On death and/or Total and permanent Disablement of the child, the parent will get the full death or Total and permanent Disablement of the child. Refer to table above.

> Many clients prefer to choose a with-profits plan as it attracts an annual bonus.

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Policy Advances

All ordinary policy holders (ordinary plans) may be granted an advance against their respective plan based on a cash surrender value at the time of application. The policy advance is repayable in accordance with our terms and conditions.