PPS Insurance

8/8/2019 PPS Insurance

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Security

WealthHealth


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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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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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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


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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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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


* 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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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***


** 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.


** 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

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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



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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.


17/19

15

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**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


18/19

16

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


19/19

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 Disabilty Provider


PPS Business ProviderPPS Student Provider

PPS Home Contents & Car Insurance


Health Wealth Security

or proessionalssince 1941

www.pps.co

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