SICOM

CashBack

Life Insurance - Cash Back

Benefit from your investments at an early phase while ensuring your peace of mind of having made the required provision for your dependents.

About this product

SICOM Cash Back Plan is a solution to earn cash over intervals of 3 years and it can be used for securing a housing loan.

Highlighted features
  • Cashback

    Survival Benefits every 3 years

  • Maturity Benefits

    Last Survival Benefit plus Bonus on the Full Sum Assured at Maturity

  • Optional Supplementary Benefits

    Total & Permanent Disability, Healthcare Cover & Maternity/Surgical Covers

Highlighted features
  • Cashback

    Survival Benefits every 3 years

  • Maturity Benefits

    Last Survival Benefit plus Bonus on the Full Sum Assured at Maturity

  • Optional Supplementary Benefits

    Total & Permanent Disability, Healthcare Cover & Maternity/Surgical Covers

Product Features

Choose SICOM Cash Back Plan & benefit from:

  • Type

    Single or Joint Policy

  • Term

    Choose from the following terms: 12, 15,18, 21, 24,27 and 30 years

  • Survival Benefits

    Survival Benefits every 3 years

  • Maturity Benefits

    Last Survival Benefit plus Bonus on the Full Sum Assured at Maturity

  • Death Benefits

    2 times Sum Assured plus accrued bonus in case of death

  • Total & Permanent Disability (Optional)

    2 times Sum Assured plus accrued bonus in case of Total & Permanent Disability

  • Health Care Cover (Optional)

    2 times Sum Assured plus accrued bonus in case of diagnosis of any one of specific illnesses as listed below

  • Maternity Cover (Optional)

    Cover for Normal Delivery as well as Caesarean & Possibility of claiming from multiple policies

  • Surgical Cover (Optional)

    Possibility of claiming from multiple policies

( Terms and conditions apply)*

Useful Information

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

 

Maternity Cover

  • It covers Normal Delivery as well as Caesarean
  • Possibility of claiming from multiple policies
  • Limit per policy: 10 % of Sum Assured
  • Premium for the Maternity Cover ceases after a claim is admitted
  • Cover ceases at age 65 years

 

Surgical Cover

  • Possibility of claiming from multiple policies
  • Limit per policy: 10 % of Sum Assured
  • Premium for the Surgical Cover ceases after a claim is admitted
  • Cover ceases at age 65 years
 

Age at entry + term should not exceed 70 years

  • National Identity Card
  • Recent Utility Bill (not more than 3 months old)
  • Birth certificate
  • Marriage Certificate (as applicable)
  • Bank details for payment of premium
  • Payment of First Month Deposit

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.

Highlighted features
  • Cashback

    Survival Benefits every 3 years

  • Maturity Benefits

    Last Survival Benefit plus Bonus on the Full Sum Assured at Maturity

  • Optional Supplementary Benefits

    Total & Permanent Disability, Healthcare Cover & Maternity/Surgical Covers

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This product is offered by: State Insurance Company Of Mauritius Ltd

BRN:C07007065

FSC License No: IS10000020