Overview of our products

Across the PPS Group, we’ve been protecting professionals for over 80 years – it’s a market we know and understand well. Our experience shows that professionals are passionate about their careers, seeing their vocation as core to their identity and life purpose. This long-term outlook leads to a unique relationship to risk reflected in our product design and underwriting guidelines.

We’ve also made it easy to tailor cover to individual client needs, offering optionality and flexibility. As a mutual, we welcome your input into our product development roadmap. Please get in touch with our Product team to share your ideas.

 

Quintin
Quintin Augustine, Chief Product Officer
"Professionals have unique insurance needs shaped by their work and responsibilities – it’s what we know. Our products are purpose-built for the professional market, offering comprehensive cover, choice, and certainty when it matters most. We believe there’s no better place for a professional to be insured than with us."
Quintin
Quintin Augustine, Chief Product Officer
"Professionals have unique insurance needs shaped by their work and responsibilities – it’s what we know. Our products are purpose-built for the professional market, offering comprehensive cover, choice, and certainty when it matters most. We believe there’s no better place for a professional to be insured than with us."

Key product features

As a mutual insurer, our product philosophy reflects a commitment to benefit clarity, claim coverage, and life-stage flexibility. Our PPS Mutual Professionals’ Choice product range was designed around this philosophy.

While we know you’ll pore over the details of our policy wordings (see below), we also want you to have the key facts at your finger tips. Below you’ll find a comparative product overview for your reference, with a description of key features highlighted against each cover.

 

  • Life Cover

    Our Life Cover includes higher Specified Life Events increases (up to $400,000 per event) and allows your clients to make increases for certain events which relate specifically to the professional segment.

  • Terminal Illness Cover

    Our Terminal Illness Cover has no specific survival period providing the diagnosis is made while the life insured is alive, providing greater certainty of claim on the diagnosis of a Terminal Illness.

  • Trauma Cover

    Our Trauma Cover has a 30 day stand-down period from the date of application for cardiovascular conditions and doesn’t require a specific survival period following the diagnosis of a covered Trauma condition providing the diagnosis is made while the life insured is alive. We are also proud of the built-in cover we offer for children. Our Dependent Child Trauma Benefit covers each child of each life insured, from 3 months to 24 years of age, up to the lesser of 50% of the Trauma Cover sum insured or $50,000. Our Dependent Child Trauma Benefit is payable twice and pays regardless of a child suffering a full or partial payment condition.

  • Total and Permanent Disability Cover

    We have redefined what qualifies as partially and permanently disabled, offering unique functional disability claim conditions. Our Total and Permanent Disablement Cover also includes the Premium Protector Benefit, which provides an equivalent 12-month premium credit after claim to help cover policy premiums.

  • Income Protection Cover

    Our Income Protection is fully customisable, offering many optional benefits so cover and price can be tailored to your clients’ specific needs. We have combined traditional Mortgage and Income Protection into Agreed Value which simplifies your sales process. We have also included a waiting period reduction for your clients that are diagnosed with certain cancer conditions, recognising the life-changing impact of a cancer diagnosis and ensuring responsive support for their financial security.

  • Key Person Protector Cover

    Our Key Person Protector Cover is designed to provide flexibility in responding to the loss of a key person within professional practice. We offer the option of a one-week waiting period and a benefit payment period up to three years to address the impact of losing a hard-to-replace professional specialist skill-sets. In addition, we offer benefits to manage the cashflow needs of professional practices, such as our Quarterly Peak Season Booster Benefit to meet higher revenue loss or recruitment costs for practices with seasonal cashflows (e.g. accounting or tax practices). We also offer built-in recruitment and relocation benefits to help keep businesses operating while the life insured can focus on recovery ensuring financial stability and business continuity for your clients.

  • General Terms and Conditions and Provisional Cover

    The General Terms and Conditions is a key part of our agreement with your clients. It explains how their policy works and what you and your clients can expect from PPS Mutual, as well as your clients’ responsibilities as a policy owner. The General Terms and Conditions covers things such as how to make a claim, sum insured options, how premiums are calculated, your clients duty of disclosure and defined terms used in PPS Mutual Professionals’ Choice policy wordings.

    Provisional Cover commences when an application to commence, vary, or reinstate a policy is submitted to PPS Mutual. Provisional Cover provides free, limited insurance for each life insured for up to 90 days during the underwriting assessment period. This provides your clients’ with some temporary insurance protection should something unexpected happen before their Professionals’ Choice policy is issued, varied or reinstated.

Meet the Product team

Useful resources