PPS Professional Insurance for Professionals

PPS Professional started in 1941 and is a unique type of insurance company.  Eight dentists looking for a better type of insurance for professionals started the firm.

They wanted to form a company that covered professionals if they were unable to practice their professions due to injury or bad health. So you will not find PPS on the stock exchange as it is not a typical type of insurance company.

Because, unlike most insurance companies, PPS Professional belongs to its members. That means that any profits are shared among its members at the end of each financial year.

What does PPS Professional mean?

PPS professional stands for Professional Provident Society. Significantly, it is unlike any other insurance provider in South Africa, whether long term or short term and membership and cover are restricted.

Who qualifies for PPS Professional insurance?

To become a member of PPS insurance, you have to be a graduate professional, or at least in your fourth year of study towards attaining a four-year professional degree. Note that PPS Professional PPS Professionalmembership is exclusive to  certain professions only.

And the degree that you are working towards or have must be for one of the specified PPS professions. These include:

  • Accountants
  • Actuaries
  • Advocates
  • Agriculturalists
  • Archaeologists
  • Architects
  • Attorneys
  • Auditors
  • Biologists
  • Dentists
  • Dieticians
  • Economists
  • Gynaecologists
  • Linguists
  • Meteorologists
  • Occupational Therapists
  • Pharmacists
  • Physiotherapists
  • Radiologists
  • Scientists
  • Social Workers
  • Surgeons
  • Veterinarians

It should be noted that this is not the extensive list of professions eligible for membership of PPS Professional. As you can see, it is geared mainly to professionals in specialist fields. To find out if you are working in, or studying towards a profession which will make you entitled to become a member of PPS professional, you should contact them by filling out their online form then submitting it. You can also get a quote by completing and submitting their form online.

Once you are a member of PPS Professional, you are in a great situation. That’s because PPS pricing is very competitive to other insurance providers. As only specialist professionals are permitted to become members, the amount of PPS claims made low. The fewer the claims made, the more profit there is at the end of the year. The profits achieved over the year are then Profmeddistributed to the members irrespective of whether the member has made a claim during the year or not.

Types of cover PPS Professional insurance includes

PPS for professionals provides access to the wide range of products that you would find available for both long term and short term insurance providers.

The following are the types of cover and professional insurance offered to its members by PPS professional:

  • Home contents and car insurance
  • Disability cover
  • Business Assurance
  • Access to Profmed – a restricted medical scheme
  • Critical illness cover
  • Life assurance
  • Sickness and permanent incapacity benefits
  • Retirement and savings

PPS Professional is extremely student friendly. For instance, they have PPS Student,  geared to the student still studying for their chosen profession. So this policy will cover the student for sickness and hospital expenses and permanent incapacity.

To get a FREE insurance quote, please complete and send the form on this page