Professional Provident Society, shortened to PPS, provides insurance
for graduate professionals, and is dedicated to this specific niche only. PPS
South Africa is the local arm of this agency, which is the largest company in
the world offering this form of insurance. Providing all manner of personal
insurance and healthcare cover, PPS thus has a completely insurance product set
available to professionals.
On the PPS website you can view their products and access your portfolio online.
The beginnings of PPS go back as far as 1941, when a collection of
dentists came together with the idea of creating insurance solutions to address
the specific needs of graduate professionals. The saw the opportunity to provide
this demographic with insurance solutions that they were unable to get at the
While initially these solutions were only offered to their peers in the
medical profession, the popularity soon saw the net being widened to include all
types of graduate professionals. In the wake of this an additional student
option was developed to be offered to those still busy with their studies in
various professional fields.
What further differentiates this company from other insurers is that its
ownership is held by its policy holders. Board positions are filled from this
pool as well, in addition to members of the various professional associations.
Surplus profits are distributed amongst policy holders, making it a quasi
investment vehicle at the same time. Policy holders reap actual dividends that
the company makes once it`s operating and underwriting costs have been covered.
The conditions of membership are simple: a client needs have a professional
or postgraduate degree, be younger than 51, and work as professionals in their
fields or run their own professional practices.
- PPS Provider
This product covers the PPS Sickness and Permanent Incapacity Benefit, PPS
Professional Life Provider and PPS Professional Health Provider packages
- PPS Business Provider
Essentially a business assurance product, including the PPS Business Life
Provider and PPS Business Health Provider benefit
- PPS Student
Covering sickness, permanent incapacity and hospital benefits
- PPS Short-term insurance
Includes household contents cover, motor cover, buildings cover, personal
liability cover, all risks cover, car hire, watercraft, leisure vehicles and
equipment cover, and roadside assistance.
BEE AND CSI INFORMATION
PPS is one of the most forward-thinking insurance companies in the country,
and became one of the first companies in its industry to successfully implement
a fully developed black economic empowerment deal. The company is also actively
pursuing black professional clients.
It is also very active in community initiatives, having more than met its
annual CSI targets. This involvement is mainly focused in the areas of
scholarships and grants.
6 Anerley Road
P O Box 1089
Tel: 011 644 4200
Fax: 011 644 4400