Print Article
  BookMark Article

Author Login    Author Login

Existing members will have to use the lost password facility to get new username and new password

Welcome Guest! Please login or create an account.



If you do not have an account yet, you can register ( Here ), or you may retrieve a lost user/pass ( Here ).

Navigation    Navigation

   10 newest articles RSS

Author Highlights    Featured Author

Morton Olin
New York

View My Bio & Articles

Damon Holl
Towns will city

View My Bio & Articles

John Elbery Hollerden

"List builder optin email lists"

View My Bio & Articles

Other Websites    Websites of Interest

PPS Insurance Company- Insurance Tailor Made For The Working Professional

Author : Frederick Singletonne

You are an University Graduate. You have spent many years studying to have the title you have today and to earn the income you do. My question to you is this: Are you with an insurance company which caters specifically to your needs? I doubt it, as most insurance companies are more focused on their turn-over. What makes PPS Insurance Company any different?

PPS means, Professional Provident Society. As the name suggests the company is formed and run by its members. The members in this case however happens to be the policy holders. Policy holders owning shares in the insurance company is what makes PPS insurance company different from other insurance companies. Whatever profits is made by the company is shared amongst the holders in the Surplus Rebate Account.

Membership in PPS is given exclusively to people who qualify these two criteria. You need to have:

? Completed a four year degree or diploma
? Have your own practice or be employed as a professional in a corporate environment

PPS was formed many years ago by a group of dentists who saw the need in the insurance industry for a company which deals with the needs of the professional person. Up until today, membership is only for people with a four year degree or diploma. PPS also greatly lesson their risk by dealing with people who are professionals because they can easily afford the premiums.

Special insurance cover is available for students as well. Any fourth year student who is under the age of 30, may apply for membership as well as graduate students under the age of 30 years old. Policy holders under the age of 30 years, pay a reduced premium rate.

So how exactly does PPS work?

With PPS your monthly premiums are determined by your income. Your income is based on your Gross Professional Income, this amount of money determines how many Units Of Benefits you can afford. A level premiums is paid for these Units of Benefit. The other aspect of PPS is the investment model. The wealth accumulation happens in the Surplus Rebate Account where all profits of PPS is shared amongst the members. The more (UOB) the more profit your receive. Additional Units of Benefits can be bought. At the age of 60 years, people can either withdraw the SRA balance, leave it in the Retention plan and withdrawals at regular intervals, or they can invest the money in a chosen fund.

Insurance Products

There are a variety of insurance products available from PPS. Here are a few of them:

? Life Insurance- whole and term Life Insurance
? Short term insurance
? Income protection
? Permanent Incapacity cover
? PPS Business Provider
? PPS Provider

If you are a professional person who is looking for an insurance solution which better suits you, why not contact PPS to find out more information. They also have other products such as PPS Investments and PPS Beneficiaries Trust.

Author's Resource Box

For more information about PPS insurance company visit the website

Article Source:

Tags:   PPS insurance company, insurance company, insurance

Author RSS Feed   Author RSS Feed     Category RSS Feed   Category RSS Feed


  Rate This Article
Badly Written Offensive Content Spam
Bad Author Links Mis-spellings Bad Formatting
Bad Author Photo Good Article!




Submitted : 2011-05-20    Word Count : 870    Times Viewed: 349