FAMILY RESPONSIBILITY RIDER BENEFIT

CARING FOR YOUR FAMILY WHEN YOU NEED IT MOST

HAVE YOU EVER STOPPED TO THINK HOW THE ILLNESS OF A LOVED ONE CAN ADVERSELY AFFECT YOUR FAMILY?

From taking time off work to be with them in hospital, to having to provide additional care for the family members left at home, not to mention the emotional trauma. Even if your family is in good health, an illness or accident that requires hospitalisation can have dire consequences for you.

Meet Ursula Singh, she has 2 children aged 4 and 1. Ursula’s 4-year-old son starts to experience a runny nose, dry cough and high fever. One evening, when his fever is exceptionally high, she rushes him to hospital, and it is discovered that he has pneumonia.

He requires a course of antibiotics, which will be administered intravenously and will be admitted for at least 3 days.

As a result of this, Ursula takes some time off work to be with him 24 hours at the hospital. Luckily, Ursula has the PPS Family Responsibility Rider Benefit with her PPS Sickness and Permanent Incapacity Benefits, which covers hospitalisation for her spouse and children, and also offers a Child Terminal Illness and Child Death Benefit.

CHILD TERMINAL ILLNESS

The Child Terminal Illness Benefit is included free of charge. Instead of paying only for periods of hospitalisation, this benefit pays a lump sum of 12 months’ Family Responsibility Rider Benefits (capped at R50 000 per month), if your child is diagnosed with a terminal illness, which results in a child’s life expectancy being 12 months or less. This benefit alleviates some of the financial worry with having to take time off work at times when your family needs you most. This is lump sum benefit instead of covering only the days in hospital during this period.

CHILD DEATH BENEFIT

Also included, free of charge, is a Child Death Benefit, which will pay out in the event of a child passing away, provided that a terminal illness benefit is not payable. A Family Responsibility Rider Benefit payment of 1 month is payable, to a maximum of R50 000. For children under the age of 14, the maximum payout is limited by the Long-term Insurance Act to:

• Children aged 4 months – 5 years: R10 000• Children aged 6 – 13 years: R30 000

WHY CHOOSE THE PPS FAMILY RESPONSIBILITY RIDER BENEFIT?

• Provides cover while your spouse or children are in hospital• Pays you an income so that you can attend to your family• Takes the stress out of worrying about losing an income if you have to miss work

WHO CAN APPLY FOR THESE BENEFITS?

New or existing PPS members that have PPS Sickness and Incapacity Benefits may add the Family Responsibility Rider Benefit to their policy.

THE FAMILY RESPONSIBILITY RIDER BENEFIT

The Family Responsibility Rider Benefit will pay you an income*, should your spouse or children be admitted to hospital for a period of 3 consecutive days or more. PPS Family Responsibility Rider Benefit is designed to give you the freedom to take leave when a family member is hospitalised. If a child is hopistalised, the parents need to look after the other children and the home, as well as spend time with their sick child, often for 24 hours a day.

The PPS Family Responsibility Rider Benefit gives you the financial freedom to do this by paying your income for this period, allowing you to take the time you need off work. Self-employed professionals do not have the luxury of family responsibility leave, and even employed professionals get only a few days of family responsibility leave, after which they need to fund this time off work themselves.

This is not a medical scheme and the cover is not the same as that of a medical scheme. This policy is not a substitute for medical scheme membership.

* Pays out your daily Family Responsibility Rider Benefit. Spouse shall mean a person to whom the policyholder is married, according to the South African legal system, including civil and customary marriages and civil unions. Children shall mean biological, legally adopted and stepchildren, and are covered from 4 months old up to the end of the month that they turn 21. Proof of relationship required at claim stage. There is a general 12-month waiting period for pre-existing conditions and a 91-day (3-month) waiting period from start date of benefit.

The Professional Provident Society Holdings Trust No. IT 312/2011 (PPS Holdings Trust). PPS Insurance Company Limited Reg. No. 2001/017730/06. PPS Insurance is an Authorised Financial Services Provider - Licence No. 1044. We are not acting and do not purport to act in any way as an adviser or in a fiduciary capacity.

Any representation or opinion is provided for information purposes only. The information provided in this document is subject to terms and conditions applicable to any policies issued by PPS Insurance. The PPS Profit-Share Account vests from age 60 onwards. Past performance is not necessarily indicative of future performance.

© 2017 PPS. VERSION 1/2017

www.pps.co.za

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