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Aircrew undertake years of hard work and incur considerable expense to obtain their flying licence to become a pilot. However, a pilot's career and income are at risk if they are prevented from flying because of a serious injury or deterioration in health.
Loss of licence insurance overcomes many of the problems encountered with more traditional products such as permanent health and critical illness insurance which may offer only restricted cover and reduced benefits. This insurance provides financial help in preparing for an alternative career if the aviation career is brought to an abrupt end.
Who can insure?
- Airlines, pilot unions and individual pilots (fixed or rotary wing)
- Flight instructors
- Air traffic control officers
Benefits
- Lump sum payment
- Monthly disability payments
- Continuous coverage
Coverage
- Bodily injury
- Illness (any sickness or disease)
- Illness resulting from the influence of alcohol, drugs or narcotics
- Illness incapable of diagnosis or which has not been diagnosed as an illness
Product levels
We offer the highest quality products while allowing our clients the flexibility to select the coverage level appropriate to their budget. Our three product levels focus on key areas which significantly impact upon cost.
Copies of these product wordings can be downloaded from the documents page.
|
Product levels |
Key
area |
Essential
cover |
Extra
cover |
Elite
cover |
| Psychological disorder(s) |
excluded |
50% sum insured |
100% sum insured |
|
Previous
disabilities
excluded |
from inception |
60 months prior
inception |
24 months
prior
inception |
Temporary
total disability |
not applicable |
180 days excess
period |
90 days excess
period | To find out more For more information, speak to your Lloyd's broker or contact global-flying@hiscox.com |