WHEN WE SAY WE SHARE OUR SUCCESS,
WE mEAN IT.
PPS SHARES 100% Of ITS PROfITS WITH mEmbERS*.
ALL R4.2 bILLION.
At PPS, our members* share our profits via allocations to their PPS Profit-Share Accounts. With profits
reaching a record high of R4.2 billion in 2013, PPS is the largest and most successful mutual company in
South Africa. So if you’re a qualified professional, ask yourself, shouldn’t you be sharing in our success?
THE KEY TO SUCCESS LIES IN SHARING IT
Visit www.pps.co.za to view the increase in your PPS Profit-Share Account.
PPS is an authorised Financial Services Provider. * PPS members with qualifying products share all the profits of PPS.
Consult a PPS product-accredited financial adviser
or visit www.pps.co.za
the unquestionable financial strength of PPS lies in reserves sufficient to pay every member. the investments of PPS have always
been managed in a disciplined and prudent manner, focusing on the long-term interest of current and future members.
R8,8 bN
R10.8 bN
R12,4 bN
R15,4 bN
R19,6 bN
2004 - 2009
2010
2011
2012
2013
CUmULATIVE ALLOCATIONS 20 04 - 2013
BenefItS of the PPS PRofIt-ShARe Account:
• tax-free amount payable on death or retirement
• Payable regardless of any claims made (including claims on Profmed) or health status
• claims and health status have no impact on profit-sharing or the accumulated PPS Profit-Share Account
• no additional premium is levied, the PPS Profit-Share Account is a member’s share in the profits of PPS
• Protected against creditors whilst unvested
• the more qualifying products held, the greater the allocations to the PPS Profit-Share Account
• utilise your accumulated profits as part of your retirement strategy by transferring to the Vested PPS Profit-Share Account
pps.co.za
the Professional Provident Society holdings trust no It 312/2011. (PPS holdings trust). PPS Insurance company Limited Reg. no. 2001/017730/06
Licence no. 1044. Professional Provident Society Investments (Proprietary) Limited Reg. no. 2005/029098/07 (PPS Investments) - Licence no 39270.
PPS Multi-Managers (Propriety) Limited 2005/014015/07 (PPS Multi- Managers) - Licence no. 28733. PPS Investments, PPS Multi-Managers and
PPS Insurance arelicenced financial Services Providers. All information and opinions provided are of a general nature and are not intended to
address the circumstances of any particular individual. We are not acting and do not purport to act in any way as an adviser or in a fiduciary
capacity. Any representation or opinion is provided for information purposes only. the information provided in this document is subject to terms
and conditions applicable to any policies issued by PPS Insurance and its subsidiaries. ©2014 PPS.
March 2014
I ncRe ASe youR
ShARe In PPS PRofItS
WHEN WE SAY WE SHARE OUR SUCCESS,
WE mEAN IT.
PPS SHARES 100% Of ITS PROfITS WITH mEmbERS*.
ALL R4.2 bILLION.
At PPS, our members* share our profits via allocations to their PPS Profit-Share Accounts. With profits
reaching a record high of R4.2 billion in 2013, PPS is the largest and most successful mutual company in
South Africa. So if you’re a qualified professional, ask yourself, shouldn’t you be sharing in our success?
THE KEY TO SUCCESS LIES IN SHARING IT
Visit www.pps.co.za to view the increase in your PPS Profit-Share Account.
PPS is an authorised Financial Services Provider. * PPS members with qualifying products share all the profits of PPS.
Consult a PPS product-accredited financial adviser
or visit www.pps.co.za
the unquestionable financial strength of PPS lies in reserves sufficient to pay every member. the investments of PPS have always
been managed in a disciplined and prudent manner, focusing on the long-term interest of current and future members.
R8,8 bN
R10.8 bN
R12,4 bN
R15,4 bN
R19,6 bN
2004 - 2009
2010
2011
2012
2013
CUmULATIVE ALLOCATIONS 20 04 - 2013
BenefItS of the PPS PRofIt-ShARe Account:
• tax-free amount payable on death or retirement
• Payable regardless of any claims made (including claims on Profmed) or health status
• claims and health status have no impact on profit-sharing or the accumulated PPS Profit-Share Account
• no additional premium is levied, the PPS Profit-Share Account is a member’s share in the profits of PPS
• Protected against creditors whilst unvested
• the more qualifying products held, the greater the allocations to the PPS Profit-Share Account
• utilise your accumulated profits as part of your retirement strategy by transferring to the Vested PPS Profit-Share Account
pps.co.za
the Professional Provident Society holdings trust no It 312/2011. (PPS holdings trust). PPS Insurance company Limited Reg. no. 2001/017730/06
Licence no. 1044. Professional Provident Society Investments (Proprietary) Limited Reg. no. 2005/029098/07 (PPS Investments) - Licence no 39270.
PPS Multi-Managers (Propriety) Limited 2005/014015/07 (PPS Multi- Managers) - Licence no. 28733. PPS Investments, PPS Multi-Managers and
PPS Insurance arelicenced financial Services Providers. All information and opinions provided are of a general nature and are not intended to
address the circumstances of any particular individual. We are not acting and do not purport to act in any way as an adviser or in a fiduciary
capacity. Any representation or opinion is provided for information purposes only. the information provided in this document is subject to terms
and conditions applicable to any policies issued by PPS Insurance and its subsidiaries. ©2014 PPS.
March 2014
I ncRe ASe youR
ShARe In PPS PRofItS
WhAt IS MutuALIty?
hoW Do I IncReASe My ShARe In the PRofItS?
As a mutually operated company, PPS only serve our policyholders. Listed life insurance companies, on the other hand,
the more qualifying products a member has with PPS, the greater the contribution to the operating profit of PPS and
face a constant trade-off between policyholders claiming benefits and shareholders expecting profits via dividends. In
therefore the greater the share in the profits allocated to the PPS member’s Profit-Share Account. this in turn would lead
contrast, every rand value PPS creates benefits our qualifying policyholders*, be it through claims paid or profits we
to greater growth over the long term, ensuring a sizeable tax-free lump-sum benefit at retirement or prior death.
Meet Sunelle fourie.
Sunelle, a 36-year-old civil engineer, joined PPS at age 26. her friend, Dr. Paul Wade,
introduced her to PPS after they paid out his sickness claim after a mountain biking
accident. Sunelle herself had a sickness claim in 2013, due to a motor vehicle accident,
which left her unable to perform her usual professional duties for 28 days. from the payment
she received, which included the hospital benefit, she settled medical bills not covered by
her medical aid. Sunelle took up the Sickness and Permanent Incapacity benefit as well
as the Professional Disability Provider (differentiated by gender and smoking status) at PPS.
distribute to them.
WhAt IS the PPS PRofIt-ShARe Account ?
Meet Victor tshabalala.
the PPS Profit-Share Account is a policy benefit used to accumulate the annual allocations of profit and subsequent
Victor is a 33-year old chartered accountant. Victor already has a range of PPS Insurance
products as well as a PPS Investments Account and received profit allocations for all of
these qualifying products for the 2013 year.
investment returns. the full benefit is available to members at retirement from age 60 or prior death. At retirement you can
retain your PPS Profit-Share Account - the policy remains in force and funds can be withdrawn from this account tax free.
When his financial advisor introduced him to the PPS Group, he not only introduced him to
PPS Insurance and PPS Investments, he also introduced him to Profmed and Victor has a
Profmed Medical Aid benefit. In the past he did not receive a direct profit allocation but
from 2014 Victor will receive an additional Medical Aid Products Bonus.
hoW Do you ShARe In the PRofItS?
A member receives profit allocations for qualifying products held. the qualifying benefits that receive a direct profit
allocation are:
•
PPS Sickness and Permanent Incapacity benefits
•
PPS lump-sum life, disability, critical illness and accidental death benefits differentiated by gender and smoking status
•
PPS Investments products
•
from 1 January 2014, Profmed Medical Aid benefits**
As a result, the more qualifying products a member has, the greater their share in profits allocated to their PPS Profit-Share Account.
our philosophy of mutuality and the unique PPS Profit-Share Account makes PPS the company of choice for graduate
professionals’ risk cover.
PRoDuctS
PRofIt ALLocAtIon Into PPS PRofIt-ShARe Account
2013
2014
Sickness and Permanent
Incapacity
Because Sunelle has 2 qualifying benefits, she is participating in the profits of those
2 products. Sunelle was concerned that her sickness claim in 2013 would impact her share
in the profits of PPS. She was very surprised when her financial advisor informed her that in
spite of her sickness claim, her PPS Profit-Share Account and profit allocations would not
be affected.
PRoDuctS
PRofIt ALLocAtIon Into PPS PRofIt-ShARe Account
2013
2014
Sickness and Permanent
Incapacity
Professional Life Provider
(Differentiated)
Professional Life Provider
(Differentiated)
Professional Disability Provider
(Differentiated)
Professional Disability Provider
(Differentiated)
Professional health Provider
Professional health Provider
Accidental Death Benefit
Accidental Death Benefit
PPS Investments***
PPS Investments***
Medical Aid Product**
Medical Aid Product**
total impact on PPS
Profit-Share Account
total impact on PPS
Profit-Share Account
Possible future impact of allocation per product for Sunelle
She can increase her share in the profits even more, by taking up more qualifying PPS products, that contribute to sharing
Possible future impact of allocation per product for Victor
in the profits at PPS. Please see illustration below****.
Victor’s decision to have a range of qualifying products at PPS will stand him in good stead, as the impact on his PPS ProfitShare Account over time will be incrementally better than if he only had one PPS product. Please see illustration below****.
Sunelle’s Profit-Share Account with current
qualifying products
Victor‘s Profit-Share Account without the
Medical Aid Products Bonus
Victor‘s Profit-Share Account with the
Medical Aid Products Bonus
tM
*Members with PPS Provider policies share in the profits of PPS.
** Medical Aid Products Bonus introduced from 1 January 2014, the first allocation will be
made in 2015. Members with a Profmed Medical Aid benefit and a PPS Provider Policy will
receive a share of the profits of PPS’s medical scheme administration business. the profit
allocations will cease if the administration contract between Profmed and Professional
Medical Scheme Administrators is terminated.
Sunelle’s Profit-Share Account with more
qualifying products
***PPS Investment profits are allocated to either the PPS Profit-Share Account or the Vested PPS
Profit-Share Account.
**** Illustration depicts PPS Profit-Share Account growth over time. Please note that the graph
is purely fictional and for illustration purposes only, past performance of the Profit-Share
Account is not necessarily indicative of future performance and returns are dependent on the
performance of the underlying assets and various market factors.
WhAt IS MutuALIty?
hoW Do I IncReASe My ShARe In the PRofItS?
As a mutually operated company, PPS only serve our policyholders. Listed life insurance companies, on the other hand,
the more qualifying products a member has with PPS, the greater the contribution to the operating profit of PPS and
face a constant trade-off between policyholders claiming benefits and shareholders expecting profits via dividends. In
therefore the greater the share in the profits allocated to the PPS member’s Profit-Share Account. this in turn would lead
contrast, every rand value PPS creates benefits our qualifying policyholders*, be it through claims paid or profits we
to greater growth over the long term, ensuring a sizeable tax-free lump-sum benefit at retirement or prior death.
Meet Sunelle fourie.
Sunelle, a 36-year-old civil engineer, joined PPS at age 26. her friend, Dr. Paul Wade,
introduced her to PPS after they paid out his sickness claim after a mountain biking
accident. Sunelle herself had a sickness claim in 2013, due to a motor vehicle accident,
which left her unable to perform her usual professional duties for 28 days. from the payment
she received, which included the hospital benefit, she settled medical bills not covered by
her medical aid. Sunelle took up the Sickness and Permanent Incapacity benefit as well
as the Professional Disability Provider (differentiated by gender and smoking status) at PPS.
distribute to them.
WhAt IS the PPS PRofIt-ShARe Account ?
Meet Victor tshabalala.
the PPS Profit-Share Account is a policy benefit used to accumulate the annual allocations of profit and subsequent
Victor is a 33-year old chartered accountant. Victor already has a range of PPS Insurance
products as well as a PPS Investments Account and received profit allocations for all of
these qualifying products for the 2013 year.
investment returns. the full benefit is available to members at retirement from age 60 or prior death. At retirement you can
retain your PPS Profit-Share Account - the policy remains in force and funds can be withdrawn from this account tax free.
When his financial advisor introduced him to the PPS Group, he not only introduced him to
PPS Insurance and PPS Investments, he also introduced him to Profmed and Victor has a
Profmed Medical Aid benefit. In the past he did not receive a direct profit allocation but
from 2014 Victor will receive an additional Medical Aid Products Bonus.
hoW Do you ShARe In the PRofItS?
A member receives profit allocations for qualifying products held. the qualifying benefits that receive a direct profit
allocation are:
•
PPS Sickness and Permanent Incapacity benefits
•
PPS lump-sum life, disability, critical illness and accidental death benefits differentiated by gender and smoking status
•
PPS Investments products
•
from 1 January 2014, Profmed Medical Aid benefits**
As a result, the more qualifying products a member has, the greater their share in profits allocated to their PPS Profit-Share Account.
our philosophy of mutuality and the unique PPS Profit-Share Account makes PPS the company of choice for graduate
professionals’ risk cover.
PRoDuctS
PRofIt ALLocAtIon Into PPS PRofIt-ShARe Account
2013
2014
Sickness and Permanent
Incapacity
Because Sunelle has 2 qualifying benefits, she is participating in the profits of those
2 products. Sunelle was concerned that her sickness claim in 2013 would impact her share
in the profits of PPS. She was very surprised when her financial advisor informed her that in
spite of her sickness claim, her PPS Profit-Share Account and profit allocations would not
be affected.
PRoDuctS
PRofIt ALLocAtIon Into PPS PRofIt-ShARe Account
2013
2014
Sickness and Permanent
Incapacity
Professional Life Provider
(Differentiated)
Professional Life Provider
(Differentiated)
Professional Disability Provider
(Differentiated)
Professional Disability Provider
(Differentiated)
Professional health Provider
Professional health Provider
Accidental Death Benefit
Accidental Death Benefit
PPS Investments***
PPS Investments***
Medical Aid Product**
Medical Aid Product**
total impact on PPS
Profit-Share Account
total impact on PPS
Profit-Share Account
Possible future impact of allocation per product for Sunelle
She can increase her share in the profits even more, by taking up more qualifying PPS products, that contribute to sharing
Possible future impact of allocation per product for Victor
in the profits at PPS. Please see illustration below****.
Victor’s decision to have a range of qualifying products at PPS will stand him in good stead, as the impact on his PPS ProfitShare Account over time will be incrementally better than if he only had one PPS product. Please see illustration below****.
Sunelle’s Profit-Share Account with current
qualifying products
Victor‘s Profit-Share Account without the
Medical Aid Products Bonus
Victor‘s Profit-Share Account with the
Medical Aid Products Bonus
tM
*Members with PPS Provider policies share in the profits of PPS.
** Medical Aid Products Bonus introduced from 1 January 2014, the first allocation will be
made in 2015. Members with a Profmed Medical Aid benefit and a PPS Provider Policy will
receive a share of the profits of PPS’s medical scheme administration business. the profit
allocations will cease if the administration contract between Profmed and Professional
Medical Scheme Administrators is terminated.
Sunelle’s Profit-Share Account with more
qualifying products
***PPS Investment profits are allocated to either the PPS Profit-Share Account or the Vested PPS
Profit-Share Account.
**** Illustration depicts PPS Profit-Share Account growth over time. Please note that the graph
is purely fictional and for illustration purposes only, past performance of the Profit-Share
Account is not necessarily indicative of future performance and returns are dependent on the
performance of the underlying assets and various market factors.
WhAt IS MutuALIty?
hoW Do I IncReASe My ShARe In the PRofItS?
As a mutually operated company, PPS only serve our policyholders. Listed life insurance companies, on the other hand,
the more qualifying products a member has with PPS, the greater the contribution to the operating profit of PPS and
face a constant trade-off between policyholders claiming benefits and shareholders expecting profits via dividends. In
therefore the greater the share in the profits allocated to the PPS member’s Profit-Share Account. this in turn would lead
contrast, every rand value PPS creates benefits our qualifying policyholders*, be it through claims paid or profits we
to greater growth over the long term, ensuring a sizeable tax-free lump-sum benefit at retirement or prior death.
Meet Sunelle fourie.
Sunelle, a 36-year-old civil engineer, joined PPS at age 26. her friend, Dr. Paul Wade,
introduced her to PPS after they paid out his sickness claim after a mountain biking
accident. Sunelle herself had a sickness claim in 2013, due to a motor vehicle accident,
which left her unable to perform her usual professional duties for 28 days. from the payment
she received, which included the hospital benefit, she settled medical bills not covered by
her medical aid. Sunelle took up the Sickness and Permanent Incapacity benefit as well
as the Professional Disability Provider (differentiated by gender and smoking status) at PPS.
distribute to them.
WhAt IS the PPS PRofIt-ShARe Account ?
Meet Victor tshabalala.
the PPS Profit-Share Account is a policy benefit used to accumulate the annual allocations of profit and subsequent
Victor is a 33-year old chartered accountant. Victor already has a range of PPS Insurance
products as well as a PPS Investments Account and received profit allocations for all of
these qualifying products for the 2013 year.
investment returns. the full benefit is available to members at retirement from age 60 or prior death. At retirement you can
retain your PPS Profit-Share Account - the policy remains in force and funds can be withdrawn from this account tax free.
When his financial advisor introduced him to the PPS Group, he not only introduced him to
PPS Insurance and PPS Investments, he also introduced him to Profmed and Victor has a
Profmed Medical Aid benefit. In the past he did not receive a direct profit allocation but
from 2014 Victor will receive an additional Medical Aid Products Bonus.
hoW Do you ShARe In the PRofItS?
A member receives profit allocations for qualifying products held. the qualifying benefits that receive a direct profit
allocation are:
•
PPS Sickness and Permanent Incapacity benefits
•
PPS lump-sum life, disability, critical illness and accidental death benefits differentiated by gender and smoking status
•
PPS Investments products
•
from 1 January 2014, Profmed Medical Aid benefits**
As a result, the more qualifying products a member has, the greater their share in profits allocated to their PPS Profit-Share Account.
our philosophy of mutuality and the unique PPS Profit-Share Account makes PPS the company of choice for graduate
professionals’ risk cover.
PRoDuctS
PRofIt ALLocAtIon Into PPS PRofIt-ShARe Account
2013
2014
Sickness and Permanent
Incapacity
Because Sunelle has 2 qualifying benefits, she is participating in the profits of those
2 products. Sunelle was concerned that her sickness claim in 2013 would impact her share
in the profits of PPS. She was very surprised when her financial advisor informed her that in
spite of her sickness claim, her PPS Profit-Share Account and profit allocations would not
be affected.
PRoDuctS
PRofIt ALLocAtIon Into PPS PRofIt-ShARe Account
2013
2014
Sickness and Permanent
Incapacity
Professional Life Provider
(Differentiated)
Professional Life Provider
(Differentiated)
Professional Disability Provider
(Differentiated)
Professional Disability Provider
(Differentiated)
Professional health Provider
Professional health Provider
Accidental Death Benefit
Accidental Death Benefit
PPS Investments***
PPS Investments***
Medical Aid Product**
Medical Aid Product**
total impact on PPS
Profit-Share Account
total impact on PPS
Profit-Share Account
Possible future impact of allocation per product for Sunelle
She can increase her share in the profits even more, by taking up more qualifying PPS products, that contribute to sharing
Possible future impact of allocation per product for Victor
in the profits at PPS. Please see illustration below****.
Victor’s decision to have a range of qualifying products at PPS will stand him in good stead, as the impact on his PPS ProfitShare Account over time will be incrementally better than if he only had one PPS product. Please see illustration below****.
Sunelle’s Profit-Share Account with current
qualifying products
Victor‘s Profit-Share Account without the
Medical Aid Products Bonus
Victor‘s Profit-Share Account with the
Medical Aid Products Bonus
tM
*Members with PPS Provider policies share in the profits of PPS.
** Medical Aid Products Bonus introduced from 1 January 2014, the first allocation will be
made in 2015. Members with a Profmed Medical Aid benefit and a PPS Provider Policy will
receive a share of the profits of PPS’s medical scheme administration business. the profit
allocations will cease if the administration contract between Profmed and Professional
Medical Scheme Administrators is terminated.
Sunelle’s Profit-Share Account with more
qualifying products
***PPS Investment profits are allocated to either the PPS Profit-Share Account or the Vested PPS
Profit-Share Account.
**** Illustration depicts PPS Profit-Share Account growth over time. Please note that the graph
is purely fictional and for illustration purposes only, past performance of the Profit-Share
Account is not necessarily indicative of future performance and returns are dependent on the
performance of the underlying assets and various market factors.
WHEN WE SAY WE SHARE OUR SUCCESS,
WE mEAN IT.
PPS SHARES 100% Of ITS PROfITS WITH mEmbERS*.
ALL R4.2 bILLION.
At PPS, our members* share our profits via allocations to their PPS Profit-Share Accounts. With profits
reaching a record high of R4.2 billion in 2013, PPS is the largest and most successful mutual company in
South Africa. So if you’re a qualified professional, ask yourself, shouldn’t you be sharing in our success?
THE KEY TO SUCCESS LIES IN SHARING IT
Visit www.pps.co.za to view the increase in your PPS Profit-Share Account.
PPS is an authorised Financial Services Provider. * PPS members with qualifying products share all the profits of PPS.
Consult a PPS product-accredited financial adviser
or visit www.pps.co.za
the unquestionable financial strength of PPS lies in reserves sufficient to pay every member. the investments of PPS have always
been managed in a disciplined and prudent manner, focusing on the long-term interest of current and future members.
R8,8 bN
R10.8 bN
R12,4 bN
R15,4 bN
R19,6 bN
2004 - 2009
2010
2011
2012
2013
CUmULATIVE ALLOCATIONS 20 04 - 2013
BenefItS of the PPS PRofIt-ShARe Account:
• tax-free amount payable on death or retirement
• Payable regardless of any claims made (including claims on Profmed) or health status
• claims and health status have no impact on profit-sharing or the accumulated PPS Profit-Share Account
• no additional premium is levied, the PPS Profit-Share Account is a member’s share in the profits of PPS
• Protected against creditors whilst unvested
• the more qualifying products held, the greater the allocations to the PPS Profit-Share Account
• utilise your accumulated profits as part of your retirement strategy by transferring to the Vested PPS Profit-Share Account
pps.co.za
the Professional Provident Society holdings trust no It 312/2011. (PPS holdings trust). PPS Insurance company Limited Reg. no. 2001/017730/06
Licence no. 1044. Professional Provident Society Investments (Proprietary) Limited Reg. no. 2005/029098/07 (PPS Investments) - Licence no 39270.
PPS Multi-Managers (Propriety) Limited 2005/014015/07 (PPS Multi- Managers) - Licence no. 28733. PPS Investments, PPS Multi-Managers and
PPS Insurance arelicenced financial Services Providers. All information and opinions provided are of a general nature and are not intended to
address the circumstances of any particular individual. We are not acting and do not purport to act in any way as an adviser or in a fiduciary
capacity. Any representation or opinion is provided for information purposes only. the information provided in this document is subject to terms
and conditions applicable to any policies issued by PPS Insurance and its subsidiaries. ©2014 PPS.
March 2014
I ncRe ASe youR
ShARe In PPS PRofItS