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8/8/2019 PPS Insurance
1/19
Security
WealthHealth
8/8/2019 PPS Insurance
2/19
Share in the Profts o PPS
PPS Sickness and Permanent Incapacity Beneft
PPS Proessional Lie Provider
PPS Proessional Health Provider
PPS Proessional Disability Provider
PPS Accidental Death Product
PPS Business Provider
PPS Student Provider
PPS Home Contents & Car Insurance
PPS Proessional Indemnity Provider
PPS Provider Beneft Checklist
Graduate proessionals know that success is hard-earned. So is
fnancial wellbeing. It is important to ensure that your achievements,
your lies work and your fnances are managed, protected and grown
over time. Careul planning will ensure the protection and growth o
your fnancial uture.
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3
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1
Share in the Profts o PPS
PPS embraces an ethos o mutuality, which means that we exist or the sole benet o our graduate
proessional members. Every Rand o value that PPS creates goes to benet our members who are
policyholders.* PPS members exclusively share in the prots o PPS through the unique Surplus Rebate
Account.
LieAssurance
BusinessAssurance
DisabilityCover
CriticalIllnessCover
Promed
Retirement& Savings
HomeContents
& CarInsurance
Sickness &PermanentIncapacity
Benets
SurplusRebate
Account
What is a Surplus Rebate Account (SRA)?The SRA is a unique, non-vesting policy benet until retirement (ater the age o 60) or death. Allocations
to the SRA are based on the number oUnits o Beneftheld in the PPS Provider policy. Additional annual
allocations can be enjoyed i any o the PPS Investments range o products is purchased. Importantly, all
allocations to the SRA continue to be made irrespective o a policyholders claim history or claim status.
Many o our members have accumulated SRA balances greater than their total
premium payments!
Example:
Mr Proessional, age 67, PPS policyholder or 41 years
Total premiums paid: R197,256
Total sick pay received: R92,370
SRA balance as at 31/12/2009: R1,141,503
So, Mr Proessional has benefted rom over R1 million in allocations to his SRA
substantially more than his total premium payments to PPS Insurance!**
DID YOU KNOW?
* Members with PPS Provider policy and Units o Benet
** Inormation about past perormance is not necessarily indicative o uture perormance
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2
In 2009 alone, PPS allocated a record breaking R2,6 billion to members Surplus Rebate Accounts.
Over the last ve years, the cumulative allocations to members amounted to R7,6 billion. Assets have
grown rom R8.5 billion in 2005 to R14 billion in 2009.
0
1000
2000
3000
4000
5000
6000
7000
8000
Cumulative allocations to members*
2005 2006 2007 2008 2009
Total assets*
8000
9000
10000
11000
12000
13000
14000
15000
2005 2006 2007 2008 2009
At retirement, ater the age
o 60, the PPS SRA Retention
Option becomes available,
which enables you to set
up regular withdrawals at
your chosen requency, to
supplement your retirement
income, without transaction
costs or penalties. This greatly
reduces the rate at which
your other post-retirement
assets such as living annuities
are used, prolonging the
durability o those assets. The
PPS SRARetention Option can
also be used to simply leave
the ull value o your SRAinvested in your chosen und,
allowing your nest egg to
continue to grow.
At the age o 55, as you near
your retirement age, you
have a choice as to how the
SRA assets are invested. The
decision o how to invest the
SRA in this phase is important
in that it will have a
signicant impact on the
eventual withdrawal
benets throughout your
retirement years.
Many policyholders have
accumulated SRA balances
greater than their total
premium payments. History
has shown that in just seven
years, the value o the SRA
can equal the total amount o
premiums paid or the Units o
Beneftheld. This is over and
above the exceptional
risk cover enjoyed at
competitive rates.
Accumulation Phase Pre-retirement Phase Post-retirement Phase
The Phases o the Surplus Rebate Account
* Inormation about past perormance is not necessarily indicative o uture perormance
8/8/2019 PPS Insurance
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PPS Sickness and Permanent Incapacity Beneft
As a graduate proessional, you use your hard earned proessional knowledge and expertise to generate an
income. Should you all ill, suer an injury or, at worst, become permanently incapacitated, you want to be
certain that you are able to pay your day-to-day expenses whilst you are unable to work.
PPS Sickness and Permanent Incapacity Beneft does just that, or as long as you practise your chosen
proession.
(1) Additional beneft in the event o hospitalisation
(2) Pays out or an injury or p ermanent incapacity resulting rom an accident
PPS
Sickness
Beneft
PPS Sickness and
Permanent Incapacity
BeneftPPS
Permanent
Incapacity
Beneft
Ordinary UOBOrdinary UOB
Supplementary A
UOB
Supplementary B
UOB
Deerred
UOB
Occupation
Specifc Rider Beneft
(add-on)
Accident(2)
UOB
Accident(2)
UOB
PPS Hospital Beneft(1)
(add-on)
PPS Hospital Beneft(1)
(add-on)
Accident(2)
UOB
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Features & Benefts
Extremely competitive premium rates due to our low-risk member pool
No need to prove loss o income in order to claim
Pays regardless o any other policies or insurance cover you may have
Covers Gross Proessional Income, including business expenses
Sickness benet is paid out tax-ree
The younger you are when you purchase Units o Beneft, the lower your premiums (level premiums)
Members who are still studying and are younger than 30 pay reduced premiums, rom only R18 p.m.
You can temporarily stop paying your premiums without penalties*
Bonus Units o Beneft are granted annually, which increases the monthly benet o permanently
incapacitated policyholders
* The temporary cessation o premiums must be approved by PPS Insurance in advance. No claim events are covered
during this period and or three months ater premium payments resume
How does PPS Sickness and Permanent Incapacity
Beneft work?
Your Gross Proessional Income (GPI) determines how many Units o Beneft (UOB) you can subscribe to.
You pay a level premium or these UOB. Benets are paid out or the period that you are unable to carry out
your proessional duties, due to sickness or injury. Additional UOB can be subscribed to as your GPIgrows. The
premium or these UOB is determined by the age at which you subscribe to them.
Ordinary UOB is our core benet oering, providing cover or sickness, injury and permanent incapacity. In
addition to Ordinary UOB, members can subscribe to Supplementary A, Supplementary Band Deerred UOB,
which enable members to structure optimal cover or their needs, giving either more sickness or more
permanent incapacity cover.
PPS Sickness and Permanent Incapacity Beneft is dependent on the number and type o UOB held at any
given time. Make sure that you top-up your UOB each time your GPIincreases. PPS Insurance will also issueadditional UOB each year, ree o medicals, to help your benets keep pace with ination.
PPS Sickness Beneft:
Pays rom day one or a sickness lasting seven consecutive days or longer (including weekends and
public holidays)
Pays or a maximum sickness payment period o an aggregate o 728 days or the same, consequential
or related illness
Uniquely covers partial sickness claims, oering an invaluable benet whilst you recuperate and get
back on your eet (payable even i you are working)
Simple claim process
Paid out tax-ree
PPS Permanent Incapacity Beneft:
Incapacity is assessed taking into account, among other things, your occupation
Pays ater the PPS Sickness Beneftperiod
Is reviewed and paid based on the severity level o your incapacity
Bonus Units o Beneftare also granted, usually annually, to permanently incapacitated policyholders in
order to help their benet payments keep pace with ination
Accident UOB:
Accident UOB are oered to members whose state o health, under normal circumstances, does not entitle
them to receive cover under any o the other benet options.
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Enhance your cover with.
PPS Hospital Beneft (optional)
Add-on benet to the PPS Sickness Beneft
Provides cover, rom day one, equal to PPS Sickness Beneft, when you are hospitalised or 4 or more
consecutive days
Based on the number oUnits o Beneft (UOB) you have
Pays or a maximum period o 6 months in any one year
Can be added to your UOB, providing sickness cover
PPS Occupation Specifc Rider Beneft (optional)
PPS Occupation Specifc Rider Beneft (OSRB) is an add-on or rider benet, which pays out a monthly
permanent incapacity benet.
Add-on benet to the PPS Permanent Incapacity Beneft
Increases any permanent incapacity award to 100% benet
Once awarded, it is never reviewed and pays a monthly permanent incapacity benet until you turn 66
Pays out even i you recover and start working again in your own occupation
No need to prove loss o income
The OSRB award is not reduced as a result o any income earned
Pays ater 728 days o receiving PPS Sickness Beneft, or the same, consequential or related sickness
Policyholders, who are awarded with an OSRB payment, may also receive an annual increase to help
reduce the eroding eect o ination on the monthly benet being claimed
The SRA continues to accumulate each year with investment returns and bonus allocations, even
though no premiums are paid and a benet is being received
Frequently Asked Questions
Is PPS Sickness and Permanent Incapacity Beneftsimilar to an income protection cover?No. I you had an income protection policy, you would have to prove loss o income when you claim. With
PPS Sickness and Permanent Incapacity Beneftyou do not need to prove loss o income. All you require is a
valid medical certicate* rom your doctor and your completed claim orm.
How do I ensure a balanced portolio o cover?
Ordinary Units o Beneft (UOB) should be subscribed to, beore you subscribe to any other benet option.
This will ensure that you hold a balanced portolio o cover, since Ordinary UOB will provide you with both
sickness and permanent incapacity benets.
How do I claim?
You will need to complete a claim orm and provide a valid medical certicate*. The claim should be
submitted to PPS Insurance within 6 months o the onset o the illness or injury.
Does my sickness or incapacity claim afect my share o the prots in PPS?
No. You continue to share in the prots o PPS and your Surplus Rebate Accountremains invested. Your SRA
benet is not reduced should you claim.
* Subject to PPS Insurance claims requirements
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PPS Proessional Lie Provider
Designed to protect and provide or your loved ones in the unortunate event o your death or disability,
PPS Proessional Lie Providerwill help cover outstanding debts, nance children through higher education
and provide nancial peace o mind or those let behind.
Features and BeneftsChoose between term lie and whole lie cover
You can convert* your term lie cover to whole lie cover at any time
Terminal Illness Beneftand Immediate Needs Beneftare automatically included at no additional premium
You can keep your lie cover i you change your occupation
You can cede the rights to your lie cover partially or ully to a third party as security on a loan (e.g. to buy a home)
You can obtain any amount o cover subject to nancial underwriting
Terminal Illness Beneft:
Advances 50% o your lie cover whenyou are diagnosed with a terminal illness
and are expected to live or less than 12
months**
Remaining 50% o your lie cover pays out
on death
Immediate Needs Beneft:
Helps alleviate the immediate nancial strainexperienced by your beneciaries (uneral,
repatriation and other immediate costs)
Pays up to R50,000 to your beneciaries
within 2 working days o producing a valid
death certicate
Enhance your cover with.
Disability Beneft (optional):
Lump-sum add-on benet that pays on establishment o permanence o the disability condition thatmeets the claims criteria
You can choose up to 100% o lie cover
Payment o this benet reduces the total lie cover benet payout at death (accelerated benet)
PPS Occupation Specifc Rider Beneftadd-on disability benet, which pays i you are unable to perorm
your own specied occupation
Accidental Death Beneft (optional):
Lump-sum add-on benet that doubles the lie cover benet i death is as a result o an accident (subject
toAccidental Death Beneftmaximum cover)
This benet can be added at any time
Accelerated Health Provider Beneft (optional):
Pays a lump-sum benet i the lie insured suers one o the covered dread disease conditions, physical
impairment or trauma
The benet pays according to the severity level o the claim
Benet can be added on either term or whole lie PPS Lie Providerpolicy
Core 100% Beneftavailable***
CatchAll Cover (optional) includes all known and unknown, serious and permanent medical and physical
conditions
Payment o this benet reduces the total lie cover benet payout at death (accelerated benet)
* Subject to terms and conditions
** As determined by PPS Insurance. Please note that Terminal Illness Benet and Immediate Needs Benet are accelerated
benets, which means that claiming or them will reduce the lie cover sum assured available at death
*** Pays out 100% benet or heart attack, stroke, cancer and coronary artery bypass surgery benet categories
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PPS Proessional Health Provider
The nancial consequences o a critical illness or an incapacitating accident can oten be worse than those
o death. You want to be certain that you have sufcient unding or the necessary liestyle adjustments you
and your amily will need to make.
PPS Proessional Health Provider is one o the most comprehensive and innovative critical illness and
physical impairment lump-sum benets available or qualied graduate proessionals. It covers most
known dread diseases including cancer, leukaemia, heart disease and strokes. Physical impairments such as
paraplegia, loss o use o limbs, blindness and deaness are also covered.
Features and BeneftsChoose between term and whole lie cover
Convert your term cover to whole lie cover at any time*
You can keep your cover i you change your occupation to one which doesnt meet PPS eligibility criteria
You can claim multiple times or an unrelated event or condition (except or cardiovascular benet and
CatchAll Cover)
Maternity Cover**(optional) pays or pregnancy complications
CatchAll Cover (optional) covers all known and unknown serious and permanent medical or physical
conditions
Core 100% Beneft(optional) pays 100% or even a mild heart attack or stage 1 cancer
You can temporarily stop paying your premiums without penalties***
* Subject to terms and conditions
** Only available at inception o the PPS Proessional Health Provider
*** The temporary cessation o premiums must be approved by PPS Insurance in advance. No claim events are covered
during this period and or three months ater premium payments resume
Illnesses CoveredBelow is a list o some o the more common illnesses that will be covered:
Cancer Paralysis
Heart Attack Loss o use o limbs
Stroke Loss o sight
Cardiac surgery and procedures Multiple sclerosis
Aortic surgery Muscular dystrophy
Major organ transplant Dementia
Kidney ailure Rheumatoid arthritis
Coma Accidental HIV inection
Gunshot wounds Aplastic anaemia
Cardiomyopathy Motor neuron disease
Parkinsons disease Alzheimers disease
Chrons disease Amputation
Benign brain tumour Scleroderma
3rd degree burns Lobectomy
Respiratory ailure Liver ailure
Ulcerative colitis Loss o hearingChronic pancreatis Loss o speech
Reconstructive surgery due to acial disgurement dueto injury, accident or assault
Systemic lupus erythematosus with nephritis
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Frequently Asked QuestionsHow does PPS Insurance assess a claim or CatchAll Cover?
Assessment is done based on Whole Person Impairment (WPI), as established by the American Medical
Associations Guide to Permanent Impairment. This method is objective and recognised as standard
assessment criteria by the global medical industry or impairment claims.
What are the severity levels?There are our severity levels. These levels have been set in accordance with the relative severity o the
dread disease or impairment event. The severity levels are assessed in terms o PPS Insurance claim criteria.
Percentage o benet paid are: A level - 100%, B level - 75%, C level - 50% or D level - 25%.
Dread disease policies usually make you wait beore paying out. How does PPS Proessional Health
Providerwork?
For a claim to be valid, you must survive or a period o 14 days ater the event occurs or the condition is
diagnosed. Dierent survival periods apply to certain conditions such as heart attack, stroke and paralysis.
Does PPS Insurance cover accidental HIV inection?
Yes. Accidental HIV inection cover is included at no additional premium. This benet is especially valuable
to medical proessionals.
How do multiple claims work?
For example: Mr Smith has R1 million cover. He is diagnosed with stage 1 prostate cancer or which he
receives 25% o the cover benet. Two years later he has a new diagnosis o stage 1 lung cancer (an
unrelated condition) and receives another 25%, as the cover is preserved or unrelated claims. A year later
this lung cancer progresses to stage 4. He receives the additional 75% benet (100%-25%) or this condition.
His benet, however, is not exhausted and should his unrelated prostate cancer progress, he will be paid or
this condition too. This means that even i you have claimed the ull benet, your cover is preserved and you
are able to claim again or an unrelated event or condition.
Does PPS Proessional Health Providercover trauma conditions?
Yes. Gunshot wounds, reconstructive surgery*, accidental injury, coma and major burns are all covered.
How does Maternity Coverwork?
The Maternity Coveris an add-on benet with its own sum assured, which covers pregnancy complications
until the age o 44. The benet pays in our severity levels. You can claim until 100% o Maternity Cover**
benet has been paid, irrespective o whether you are claiming or a related or unrelated condition. Claims
under this benet do not aect the PPS Proessional Health Providersum assured.
What is Core 100% Beneft?
Adding the Core 100% Beneftto your PPS Proessional Health Providerpolicy means that you will receive a
100% payout or the major dread disease benets, which include heart attack, stroke, cancer and coronary
artery bypass grat. Instead o the tiered benet, you will be awarded a 100% benet (even or stage one
cancer) on a successul claim. This valuable tiered benet remains in place or all the other dread diseaseand trauma conditions.
* Subject to terms and conditions
** Only available at inception o the PPS Proessional Health Provider cover
ASISA Critical Illness Disclosure Grid (SCIDEP)
SCIDEP
Severity LevelHeart Attack Stroke CABG Cancer
BenetBasic
Benet
Core
100%
Cover
Basic
Benet
Core
100%
Cover
Basic
Benet
Core
100%
Cover
Basic
Benet
Core
100%
Cover
A 100% 100% 100% 100% 100% 100% 100% 100%
B 75% 100% 75% 100% 75% 100% 75% 100%
C 50% 100% 50% 100% 50% 100% 50% 100%
D 25% 100% 25% 100% 50% 100% 25% 100%
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PPS Proessional Disability Provider
PPS Proessional Disability Provideris a stand-alone disability benet that pays a lump sum in the event o
you becoming disabled. The benet will pay irrespective o any existing lie cover that you may have. It can
help cover the costs o making any necessary liestyle adjustments that a disability may require.
Features and BeneftsStand alone disability benet with extremely competitive premium rates, due to our low-risk member
pool
Lump-sum disability benet that pays on establishment o permanence o the disability condition that
meets the claims criteria
Available to PPS members younger than 62 years o age
Choose between xed-term or term to age 66 (67 age next birthday)
PSS Occupation Specifc Rider Beneft add-on disability benet, which pays i you are permanently
unable to perorm your own specied occupation
At age 66 or earlier retirement (ater age 60), the benet converts into the Severe Illness Beneftand pays
out should you experience a severe illness
Frequently Asked QuestionsI I change my occupation, will I still be covered?
Your lie cover will remain intact. Your disability benets may continue i you changed your occupation
based on the current review processes.
How does the Immediate Needs Beneftwork?
In the unortunate event o death, bank accounts are typically rozen as part o the estate, oten placing a
nancial burden on the loved ones to pay outstanding bills, uneral costs and daily expenses. This benet
pays up to R50,000, within 2 working days, on presentation o a valid death certicate to PPS Insurance.
Once the Immediate Needs Beneftpays your beneciaries, the lie cover is automatically reduced and the
balance is paid out, once all the claim requirements are satised, in accordance with the policy.
Why do I need PPS Proessional Disability Provider, i I already have PPS Sickness and Permanent
Incapacity Beneft?
The two are not the same. PPS Proessional Disability Providerpays out a cash lump-sum amount, to settle
debt or example, whereas the PPS Sickness and Permanent Incapacity Beneft pays out a regular amount
based on the number o Units o Beneft you hold with PPS Insurance and the period you are unable to
practise your proession, due to sickness or injury.
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Drowning
Electrocu
tion
Flyi
ng
MotorVe
hicle
Acciden
t
10
PPS Accidental Death Product
The possibility o being involved in a motor vehicle accident, being a victim o crime or suering an accident
is ever present. PPS Accidental Death Productpays out in the event o an accidental death o a policyholder.
This benet is also well suited when your underwriting risk precludes you rom obtaining a PPS Proessional
Lie Providerpolicy. Should a member have PPS Investments products, he can purchase the accidental
death product in order to have a SRA account which will allow or the accrual o prots rom PPS Investments
policies.
Features and BeneftsThe benet pays a lump-sum, in the event o accidental death (as dened in the contract)
The sum assured or PPS Accidental Death Product can be any amount chosen by the policyholder,
subject to the relevant minimum and maximum benet limits
Only nancial underwriting applies or this benet
Frequently Asked QuestionsDoes PPS Accidental Death Productcover death arising rom hazardous pursuits (eg. paragliding)?
Yes. All long-term insurance products rom PPS Insurance provide cover or hazardous pursuits, at no
additional premium. This cover is available globally to PPS policyholders.
What are the most common causes o accidental deaths?
The most common causes o accidental deaths amongst PPS policyholders are motor vehicle accidents and crime.
0
10%
25%
50%
75%
Crim
eFall
100%
Most common causes o accidental deaths
(source: PPS Insurance lie cover claims 2006 to 2009)
64%
20%
11%
2% 2%1%
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PPS Business Provider
As a business owner, you know that there are usually one or two key individuals who contribute substantially
to your business. What would be the impact on your business i these specic individuals were to die,
become disabled or seriously ill and could no longer perorm their duties?
Would you have the unding to hire someone equal to the task? What i a spouse lays claim to hal o the
business or wants to sell it to someone with whom you are not comortable to be in a partnership? Could
you pay out the spouse without impacting on the bottom-line o your business?
These are very real concerns that ace every business owner who is in some kind o a partnership or
relationship. Business assurance will never be able to replace the intellectual capital and valuable
contribution o the individual concerned, but it can lessen the nancial impact o that loss, without having
to disrupt the business.
PPS Business Provider is a business assurance policy, consisting o PPS Business Lie Provider and PPS
Business Health Providerbenets, which acilitates various business assurance needs. It provides graduate
proessionals with a exible way to construct their risk cover portolios, whilst keeping the needs o the
business in mind.
Types o Business Assurance Needs
Key Person Assurance Buy & Sell Agreements Contingent Liability
Assurance
Protects the business
against the nancial loss
suered by the business
when a valued employee
dies or is unable to workdue to disability, incapacity
or serious illness.
Enables business partners,
co-owners or shareholders
to ensure that in the event
o the death or incapacity
o a partner due todisability or serious illness,
the remaining partner(s)
can buy that partners
share o the business. This
agreement usually either
determines the price o
the buyout or includes a
predetermined ormula to
calculate that price.
Enables an agreement to be
reached that in the event
o death or disability o the
shareholder who stood
surety or a loan taken bythe business, the proceeds
o an insurance policy on
the lie o that shareholder
will be used to repay the
loan.
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Reasons to choose PPS Business Provider
Choice o lie, disability and dread disease cover
Choice o term or whole lie cover
Conversion o term to whole lie cover permitted at any time
No additional premium i the lie insured participates in extreme sports and hazardous pursuits
Cover is maintained i the lie insured emigrates or travels overseas
Declared annual increases in cover counter the eroding eects o ination (declared at the discretion o
the PPS Insurance Board)
PPS Business Lie Provider
Pays a lump sum benet in the event o the lie insureds death
Lie cover is maintained i the lie insured changes occupation
The rights to the lie cover can be ceded partially or ully to a third party as security
Choice o premium requency (includes quarterly payment option)
Terminal Illness Beneftautomatically included at no additional premium
Optional Disability Coveravailable
Additional cover can be applied or in excess o PPS Insurance standard maximum amounts (subject toadditional underwriting criteria being met)
The policyholder has an option to choose the conorming* or non-conorming PPS Business Lie
Provider
Consists o term lie cover and disability cover with optional PPSOccupation Specifc Rider Beneftand
optionalAccidental Death Beneft
Terminal Illness Beneft
Advances 50% o the lie cover benet, when the lie insured is diagnosed with a terminal illness and is
expected to live or less than 12 months*
Remaining 50% o the lie cover pays out on death
* As determined by PPS Insurance
Disability Cover (optional)
Pays a lump sum amount in the event that the lie insured is unable to work due to accident or illness, in
accordance with PPS Insurance permanent incapacity assessment
Available as long as the lie insured practises his chosen proession
An accelerated benet - claiming will reduce the lie cover sum insured available at death
Accidental Death Beneft (optional):
Lump-sum add-on benet that doubles the lie cover benet i death is a result o an accident (subjecttoAccidental Death Beneftmaximum cover)
This benet can be added at any time
The benet can be added onto a conorming or a non-conorming PPS Business Lie Providerpolicy
Accelerated Business Health Provider Beneft (optional)
Pays a lump-sum benet i the lie insured suers one o the covered dread disease conditions, physical
impairment or trauma
CatchAll Cover(optional) includes all known and unknown, serious and permanent medical and physical
conditions, and pays a lump sum on the diagnosis o such a condition
Benet can be added on either term or whole lie PPS Business Providerpolicy
The benet pays 100% on a successul claim
This is a once-o benet which ceases or the lie insured in question upon the claim being paid
Payment o this benet reduces the total lie cover benet payout at death (accelerated benet)
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PPS Business Health Provider
Pays a lump sum benet on dread disease conditions and physical impairment events
Covers the lie insured or a number o trauma events such as gun shots
Accidental HIV inection cover at no additional premium
CatchAll Cover(optional) includes all known and unknown, serious and permanent medical and physical
conditions, and pays a lump sum on the diagnosis o such conditions
Benets and premiums are tailored to meet specic business assurance needs
Tax implications o PPS Business Provider
PPS Business Provideris exible and allows you to structure your business aairs according to your specic
tax circumstances.
Under certain conditions, the premiums or PPS Business Provider may be tax deductible. Consultation
with a tax expert is advisable.
Eligibility Criteria
To qualiy or PPS Business Providerthe lie insured must satisy PPS membership eligibility criteria.
Key Person Assurance
Provides capital or the
business to recruit and
train a replacement
Alleviates the nancial
strain in the event o loss
o the key individuals
servicesAssists the business
in protecting its
creditworthiness
Buy & Sell Agreement
Ensures that the business
remains in the hands o the
people who have worked
hard to build it
Protects the partners
interests in the business
or the benet o their
amily
Contingent Liability
Assurance
Removes the nancial
burden o repaying a loan
when a shareholder dies
or is unable to continue
working
The business can use the
money, which would have
been used to repay the
loan elsewhere, to build
and expand the business
Business advantages o PPS Business Provider
ASISA Critical Illness Disclosure Grid (SCIDEP)
SCIDEP Severity Level Heart Attack Stroke CABG Cancer
A 100% 100% 100% 100%
B 100% 100% 0% 100%
C 0% 0% 0% 0%
D 0% 0% 0% 0%
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PPS Student Provider
PPS Student Provideroers a cover tailor-made to the needs o the young proessional to be. Any ourth
year student, who is under the age o 30, can apply or PPS Student Providerand enjoy cover at the lowest
market premiums.
Fourth Year Student(under the age o 30)
Graduate Student(under the age o 30)
Student Beneit Graduate Enhancer Beneit
100 Units o Beneit 400 Units o Beneit
Sickness Beneft:1 R1,240 p.m.
Permanent Incapacity Beneft: Up to R1,550 p.m.
Hospital Beneft:R1,240 p.m. when hospitalised or
4 or more days
Sickness Beneft: 1 R4,960 p.m.
Permanent Incapacity Beneft: Up to R6,200 p.m.
Hospital Beneft: R4,960 p.m. when hospitalised or 4
or more days
R100,000 lie cover2 &
disability beneft
R400,000* lie cover2 &
disability beneft* subject to a medical check
R19,80pmR79,20pm
R12,60pmR50,40pm
1 PPS Sickness Benet: pays when you are sick or 7 or more days, including weekends and public holidays!
pays or each day you are sick2 Life Cover: You can cede your lie cover policy as se curity on a loan, or example, to buy a car
Reduced rates only apply until the age o 30.
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PPS Home Contents and Car Insurance
PPS Home Contents and Car Insurance* oers cover or household contents, motor vehicles, buildings,
specied personal belongings, leisure vehicles, computer equipment and personal liability.
The benets include:
No excess: you dont pay any basic excess
FREE home and roadside assistance: 24/7/365 plumbing and electrical ailures, battery jump-start,
towing and car lockout service, drunken driver assistance and more
FREE asset risk surveys on home contents to make sure you are not underinsured
Vehicle replacement: we will replace your vehicle or pay the current purchase price i your vehicle is
under a year old whether its stolen and not recovered or the assessed cost o repairs exceeds 70%
o the current new retail price, including VAT. The cost o the vehicle inspection, at a time and place
convenient to you, will also be covered
You will also receive up to R15,000 cover or the ollowing:
Loss o keys, locks and remote control units
Medical / veterinary expenses due to an accidentFridge and reezer contents
Hole-in-one / ull house
Credit cards
Accidental death
Guest and domestic employee property
PPS Home Contents and Car Insurance also includes Personal Liability Covero R5 million.
Enhance your cover with:
Asset All Risk Cover (optional): or accidental damage o household contents insured or more than
R500,000
Specied All Risk Cover (optional): or items carried on an individual when travelling, insured or a
specied amount
Car hire (optional): available should a vehicle be involved in an insured event
PPS Proessional Indemnity Provider
PPS Proessional Indemnity Provider**oers cover or pharmacies and pharmacists to the value o R10,000,000
or costs that may arise rom errors/omissions relating to pharmacy practice. Furthermore, cover to thevalue o R250,000 is available or disciplinary hearing costs or pharmacists and all ull-time assistants.
Surveys show that PPS members have a avourable risk prole, which means that lower
premiums can be negotiated or our members. To nd out how much you can save on home
and car insurance with our special discount oers call us on 0860 777 784 or email us at
[email protected]. Alternatively, please consult a PPS product-accredited broker.
DID YOU KNOW?
* Underwritten by The Hollard Insurance Company Limited
** Underwritten by Etana Insurance
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SPPI PLP PDP PHP ADP
Eligibility criteria: PPS membership
Benets or sel
Benets or beneciaries
Whole lie benets
Benets i emigrate or work abroad
Hazardous pursuits covered at no additional premium
(e.g scuba diving, private fying, paragliding)
Protection against infation*
100% lump-sum DisabilityCoveravailable
CatchAII Coveravailable
MaternityCoveravailable
Terminal IllnessBeneit
Immediate Needs Beneit
Occupation Speciic Rider Beneit
PPS Hospital Beneitavailable
Temporary cessation o premiums available
Security on a loan available
Reduced premium or policyholder younger than 30
* At the discretion o the Board o PPS Insurance,annual increases are declared to help reduce the
eroding eects o infation. Benets are increased by
the declared percentage on 1 January each year and
premiums increase accordingly.
SPPI = PPS Sickness and Permanent Incapacity Beneft
PLP = PPS Proessional Lie Provider
PDP = PPS Proessional Disability Provider
PHP = PPS Proessional Health Provider
ADP = PPS Accidental Death Product
PPS Provider Beneft Checklist
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PPS Limited (Limited by Guarantee) Reg. No.2001/011016/09 (PPS). PPS Insurance Company Limited
Reg. No. 2001/017730/06 (PPS Insurance) - Licence No. 1044. Proessional Provident Society Investments
(Proprietary) Limited Reg. No. 2005/02/9098/07. PPS Marketing Services (Pty) Ltd Reg. No. 2005/000531/07
- Licence No. 20239. PPS Insurance and PPS Marketing Services are Authorised Financial Services Providers. All
inormation and opinions provided are o a general nature and are not intended to address the circumstances o any
particular individual. We are not acting and do not purport to act in any way as an adviser or in a duciary capacity. Any
representation or opinion is provided or inormation purposes only. The inormation provided in this document is subject
to the terms and conditions applicable to any policy issued by PPS Insurance and its subsidiaries. 2010 PPS. INS 06/2010
For a comprehensive nancial needs analysis, consult a PPS
product-accredited nancial adviser. Alternatively, call ourMember Relations Division on
TheCircleofChoiceforProfessionalsSince194
1
Promed ProActive
Promed ProActive Plus
Promed ProSecure
Promed ProSecure Plus
Promed ProPinnacle
Promed Wellness Benefts
PPS Personal Pension
PPS Retirement Annuity
PPS Preservation Funds
PPS Living Annuity
PPS Endowment Plan
PPS Preerred Funds
PPS Surplus Rebate AccountPPS SRA Retention Option
PPS Sickness & Permanent
Incapacity Beneft
PPS Proessional Lie Provider
PPS Proessional Health Provider
PPS Proessional Disabilty Provider
PPS Accidental Death Product
PPS Business ProviderPPS Student Provider
PPS Home Contents & Car Insurance
PPS Proessional Indemnity Provider
Health Wealth Security
or proessionalssince 1941
www.pps.co