My Life Insurance - Cash Back Plan

SICOM Cash Back Plan is a solution to earn cash over intervals of 3 years.


It enables you to reap the benefits of your investment at an early stage while ensuring the peace of mind of having made the required provision for your dependents.



  • Policy available for terms of 12, 15, 18, 21, 24, and 30 years.
  • Survival benefit payable every 3 years.
  • Cash out benefits every 3 years without reducing the Double benefits payable on death
  • Earn Bonus on the Full Sum Assured at Maturity OR Death
  • Taking a joint policy with your spouse
  • Secure a housing loan



Bonus rates awarded are heavily reliant on the interest rate environment, as well as other experience factors.  The bonus rates are not guaranteed but are merely used to illustrate the impact of different bonus rates on the projected maturity value.  The actual bonus rate awarded will depend on the investment return earned on the assets and other items of experience such as claims and expenses relative to expectations.


In the past SICOM has granted bonus rates ranging from 3% to 5.5% - depending on investment performance, the interest rate environment and other items of experience.


(Terms and conditions apply)

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This product is offered by
State Insurance Company Of Mauritius Ltd
BRN: C07007065
FSC License No.: IS10000020

Useful info

  • Optional Supplementary Benefits

Total and Permanent Disability Benefits

Double Benefits (i.e Twice Sum Assured) together with the accrued bonus as at date of disability, irrespective of any survival benefits already paid

Health Care Cover*

Double Benefits (i.e Twice Sum Assured) together with the accrued bonus in case of diagnosis of any one of the following specific illnesses irrespective of any survival benefits already paid:

  • Heart problem
  • Coronary Artery Bypass Graft (CABG)
  • Stroke
  • Cancer
  • Kidney Failure
  • Major Organ Transplant
  • Paraplegia, Quadriplegia, Diplegia, Hemiplegia and Tetraplegia
  • Blindness
  • Major Burns
  • Cardiac Valve Surgery
  • Pulmonary Arterial Hypertension
  • Coma
  • Brain Damage

(* Terms & Conditions Apply)

  • Eligibility

Age at entry between 18 and 60 subject to underwriting

  • Required documents

  • National Identity Card
  • Recent Utility Bill (Less than 3 months old)
  • Birth certificate
  • Marriage Certificate (if applicable)
  • Bank details for payment of premium
  • PLUS Payment of Deposit