FAMILY HOSPITAL BENEFIT

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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 4 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 Hospital Benefit with her PPS Sickness and Permanent Incapacity Benefits, which covers hospitalisation for her spouse and children, child terminal illness and child death benefit.

CARING FOR YOUR FAMILY WHEN YOU NEED IT MOST

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THE FAMILY HOSPITAL BENEFIT

The Family Hospital Benefit will pay you an income*, should your spouse or children be admitted to hospital for a period of 4 consecutive days (3 nights) or more. PPS Family Hospital Benefit is designed to give you the freedom to take leave when a family member is hospitalised. If a child is hospitalised, 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 Hospital 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.

CHILD TERMINAL ILLNESS

The Child Terminal Illness Benefit will be included free of charge. Instead of paying only for periods of hospitalisation, this benefit pays a lump sum of 12 monthly sickness benefit (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.

WHY CHOOSE THE PPS FAMILY HOSPITAL BENEFIT?

• Provides cover while spouse or children arein hospital

• Pays you an income so that you can attendto your family

• Takes the stress out of worrying about losing anincome if you have to miss work

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 sickness 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

WHO CAN APPLY FOR THESE BENEFITS?

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

* Pays out your daily sickness 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 are covered from 4 months old up to the end of the month that they turn 21. Proof of relationship required at claim stage. Pre-existing conditions excluded.

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www.pps.co.za

The Professional Provident Society Holdings Trust No IT 312/2011. PPS Insurance Company Limited Reg. No. 2001/017730/06 (PPS Insurance) - Licence No. 1044. Please note: all information and opinions provided are of a general nature and are not intended to address the circumstances of any Financial Service Provider’s (FSP) clients. 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 the terms and conditions applicable to any policy issued by PPS Insurance and its subsidiaries. In terms of the Financial Advisory and Intermediary Services Act, FSP’s should not provide advice to investors without appropriate risk analysis and after a thorough examination of a particular client’s financial situation. We endeavor to provide accurate and timely information but we make no representation or warranty, express or implied, with respect to the correctness, accuracy or completeness of the information and opinions. We do not undertake to update, modify or amend the information on a frequent basis or to advise any person if such information subsequently becomes inaccurate. PPS Insurance will not be held liable or responsible for any direct or consequential loss or damage suffered by any party as a result of that party acting on the basis of the information provided in any of these guides. © 2014 PPS. VERSION 1/2014

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