Specialist insurance company PPS Mutual has announced the widening of the eligibility criteria for Members, increasing its target market by around 25 per cent.
The company has also extended the citizenship requirements to include New Zealanders working in Australia.
PPS Mutual’s initial strict eligibility requirements meant that several professionals could not become Members, specifically those engineers who were not members of Engineers Australia, and also certain Allied Health Professionals.
This wider eligibility now includes engineering professionals with other bodies plus Town Planners and Surveyors. In the medical space they have added eight new professions such as Medical Radiation Practitioners and Occupational Therapists. Whilst, in the commercial sector they have added Public Accountants and now also accept accountants and lawyers who are no longer practising.
“We are thrilled to announce our eligibility update and look forward to welcoming more Members to PPS Mutual,” said Matthew Pilcher, director of proposition for PPS Mutual.
“We made the decision to widen the eligibility due to a high amount of interest from professionals who were not originally eligible. Whilst the criteria has been widened it was important for our Members that we maintain the exclusivity and the benefits of being in a pool with others with a similar profile, especially as they share in the profits of the products they buy.”
PPS Mutual is supported by PPS South Africa, the largest multi-disciplinary group of graduate professionals in the world and the largest mutual company in South Africa. PPS Mutual is based on the proven PPS business model that has been hugely successful in South Africa since the 1940s – sharing over $2.5 billion in profits with Members in the last 10 years.
PPS Mutual is owned by its Australian professional members who will share in the profits of the products that they buy.
