MUTUALLY BENEFICIAL

An approach that rewards all involved.

At PPS Mutual we think trying to be all things to all people inevitably leads to compromise.

Which is why to join PPS Mutual you must be currently, or previously eligible to practise, or have a 4 year degree in a designated professional field (or be a previous member of PPS in South Africa). You must also be an Australian citizen, a permanent resident of Australia or a New Zealand citizen with Special Category 444 Visa. By limiting our eligibility to professionals, we’re not only able to provide cover that meets their needs, but we’re also able to let them share in our long term profits.

HELPING ADVISERS BUILD HIGH VALUE, MORE SUSTAINABLE BUSINESS

You may think that our specialist cover and unique Profit-Share offering only really benefits your clients, but our approach has also been designed to enhance your business in two ways:

  • The unique Profit-Share element of our policies translate into long-term relationships with premium clients, which lead to a more profitable practice.
  • By being the only Insurance company in the Australian marketplace to  provide products only to professionals and making them solely available via accredited advisers, we help these practices attract more high value clients.

WHAT OUR ADVISERS SAY ABOUT OUR UNIQUE APPROACH

Amanda Levine

Specialist Risk Adviser | North City Group

“We were delighted to find out that our client, who is on a long term claim with PPS Mutual, has continued to accrue a profit share allocation whilst on claim and that his Profit-Share balance is among the largest in PPS Mutual Australia. This highlights the inclusivity of the mutual model and shows that it benefits policyholders, despite unforeseen circumstances.”

Phil Thompson

Financial Adviser at Skye

“PPS Mutual has a very unique value offering with their niche target market, as well as the fact they are assigning some profits back to members. Clients I’ve spoken with about profit share have found this feature appealing, especially considering the majority of our clients at Skye Wealth are in their early 30s and the compounding effect of a profit share pool over the life of their policy can be significant.

I also like PPS being a mutual and the profit share shows an alignment and transparency between the insurance providers and policyholders. All too often in recent years, we are seeing massive increases in premiums from insurers with no visibility on their profitability, while it is a much harder story for PPS to do a big re-rate of premiums while still paying profits to policyholders and I think this was reflected in the recent much more policyholder friendly and more sustainably re-rate they did on income protection that was phased over a 3 year period instead of one massive hit or year on year increases like their on-mutual competitors.”

Mark Mullins

Director, Hood Sweeney Securities Pty Ltd

“PPS Mutual and the profit share offering have been a breath of fresh air in the life insurance industry. It provides great peace of mind as an adviser recommending their products that the business is centred around member service/benefits.

Every other insurer in the market has the competing interests of delivering shareholder returns and/or client service. These interests aren’t always aligned and we know which comes first in shareholder owned companies. It will be a great pleasure when clients get to the end of their insurance journey being able to return their profit share accounts.”

WHY OUR ADVISERS NEED TO BE ACCREDITED.

A PPS Mutual policy isn’t just another insurance policy.
It’s a unique product reserved for a privileged few.

As such, we want to make sure professionals receive the very best advice before deciding to become a member. To achieve this, we insist advisers undertake an accreditation process before being able to recommend our products.

This ensures they have a deep understanding of our unique offer as well as our state of the art online platform.

APPLY TO BECOME AN
ACCREDITED ADVISER

If you would like to know more, please complete and submit the enquiry form below:

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Alternatively, contact your local state manager

Local State Managers