PPS Insurance

PPS Insurance is unique in that it is owned solely by the policy holders themselves. Policy holders also make up the management board, along with representatives of professional associations. Any income that the company`s investments make over and above the underwriting needs is shared amongst policy holders. In order to qualify for membership, a client needs to be under 51, hold a professional or post-graduate degree or diploma, and who own their own practices or are employed as professionals in a corporate environment.

The short-term insurance offered includes cover for household contents, motor vehicles, buildings, personal liability, all risks, car hire, water craft and leisure vehicles, and equipment. Roadside assistance is also part of the package. Then there is the Professional Health Preserver, which insures you against dread disease and physical impairment. It pays out as a lump sum, and can be augmented each year to allow for inflation. There is also a female add-on benefit available.

Life assurance is also available, with an option to convert to a normal endowment or a whole life policy, via Sanlam - without the need for extra underwriting.