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PPS Mutual
Insurance Built for Professionals

Protection designed around the way Professionals work

If you're a Doctor, Lawyer, Engineer, Accountant, Architect or other qualified Professional, your career has its own unique demands, and your Insurance should reflect that.

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PPS Mutual is a member-owned Life Insurer that focuses only on the Professional market. It is New Zealand owned and operated, with local staff and an independent board, and draws on more than 80 years of experience from the PPS Group, which Insures Professionals in South Africa, Namibia and Australia.

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PPS Mutual policies are only available through a select group of accredited independent Financial Advisers.  As an accredited PPS Mutual Adviser, I can help you work out whether you qualify for this unique Insurance offering, compare PPS Mutual with other providers, and put the right cover in place for you, your Family and your Practice.

Why a Mutal is different?

Most Life Insurers are owned by Shareholders. PPS Mutual is ultimately owned by the Professional Provident Society New Zealand Trust (PPS NZ Trust), which holds it for the benefit of Members rather than external Shareholders.

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That structure means decisions are made with Members' long-term interests in mind. Because the risk pool is made up of Professionals with similar risk profiles, Members share risk with like-minded people.

Standout features of 
PPS Mutal's Professional Choice Cover

PPS Mutual's Professionals' Choice range includes several features that are uncommon or unique in the New Zealand market. Below is a small selection of why PPS Mutual provides best-in-market protection for qualifying Professionals.

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  • Superior Income Protection Claim Experience 

    • Paid in Advance, Not in Arrears - this ensures that you receive your first Income Replacement Benefit faster.​

    • NO Wait Period for Cancer Claim - your claim can start from the date of a Cancer Diagnose​​
       

  • NO minumum Life Expectancy on Terminal Illness Benefit ​​

    • Cover pays on diagnose of a Terminal Illness while you are alive without the
      12-months Life Expectancy requirement other Insurers have. ​
       

  • NO 14-days survival period at claim time​

    • Unlike other Insurers, PPS Mutual does not require you to survive for 14 days before a Trauma Claim is paid.​​
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  • SHORTER stand-down for Heart Conditions​

    • The stand-down period for Cardiovascular Conditions is only 30 days from Application, where other Insurers have a 90 days stand-down period.​
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  • Profit Share​

    • PPS Mutual gives Memvers a wat to share in the financial success of the business. An annual statement will show the value of accumulated Profit Share.​
       

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