Since inception PPS has catered only to postgraduate professionals, which is a niche market with a distinct risk profile. Our 76 years unwavering focus on this group has unlocked the deep insights that enable PPS to design and offer superior products that remain cost competitive.
Another fundamental differentiator is that PPS is the only major financial services provider that has retained the principle of ‘mutuality’ at the core of our member value proposition. In effect, 100% of the net profits are returned to members in accordance with a ratio determined by their contributions.
Other financial services providers competing for graduate professionals are invariably profit and shareholder-driven, which prevents them from offering 100% profit sharing and inevitably means there are different interests between the shareholder and policyholder. Our rivals simply cannot compete on overall returns.