The Promise of PPS Insurance for the South African Economy
PPS Insurance is a long and short term insurance provider in South Africa offering policies such as disability insurance, life insurance, business insurance and student medical benefits. To qualify for PPS Insurance you must be a graduate with a four-year university degree who falls into the low-risk member pool. This means you will have access to lower premiums on life and business policies. If you own property or financial assets such as cash reserves, jewellery, vehicles, art collections etc., then you also stand to benefit from this type of coverage. Qualifying employees not only get cheaper premiums but also better coverage and more potential benefits.
The concept of PPS Insurance was first introduced by brokers in Cape Town and since then other financial services companies have begun providing different types of PPS Insurance products from various providers at varying costs so that customers’ needs are met adequately.
The primary benefit associated with this policy is that it offers financial security during periods when one may be unable to work due to an accident or layoff among other reasons; covering income replacement strategies if down sizing has occurred as well as creating job markets for highly qualified professionals within finance departments allowing them to open branches elsewhere in the country thus generating jobs opportunities too – especially those aimed at underprivileged sectors of society.
In order to promote its use fully the government is pushing training programmes encouraging young professionals helping build the economy while concentrating on providing necessary business skills which act as further incentives towards innovation and change across all areas – thereby unlocking the full economic potential held within South African borders ensuring prosperity in years ahead..
