Loss of Licence due to Permanent Total Disablement (PTD) pays a lump sum benefit for illness or injury from which there is no prospect of sufficient recovery to resume the duties of an airline pilot.

Loss of licence due to Temporary Total Disablement (TTD), if chosen, pays 2% of the Lump Sum amount for up to 24 months, any monthly benefits received will be deducted from the lump sum payable. The Temporary Total Disablement (TTD) benefit is limited to a maximum of 75% of pre-disability income.

The minimum waiting time for Permanent Loss of License lump sum is 180 days. The minimum waiting time for Temporary Loss of License monthly benefit is 90 days.

Cover for Psychological Illness can be included at an extra cost of 15%.

Loss of Licence is available in EUR / USD – maximum 350,000 sum insured

The policy premium and benefits must be consistent with the insureds salary / certified earnings.

Key Features of Aircrewcare Loss of Licence cover include:

  • Monthly benefit 2% of the sum insured for temporary Loss of License
  • Monthly Benefits commence after 90 days
  • Permanent Loss of License lump sun is payable after 180 days
  • Psychological Illness – may be added at a cost of 15% of the premium
  • Applications are subject to acceptance by HDI Underwriters
  • Term & Conditions and Exclusions apply – see below

Important Terms & Conditions and Exclusions are as follows:

Permanent Total Disablement means the Insured Person is totally unable to perform the essential duties of their own previous occupation as a licence holder. If the Insured becomes Disabled during the Period of Insurance as a consequence of Bodily Injury or Illness then the Insurer will pay the Lump Sum Benefit shown in the Schedule if, in the opinion of the Insurer, the Insured will remain Disabled for 5 years from the start of Disablement. No Lump Sum Benefit will be paid if the Insured dies within 30 days of the start of Disablement unless liability has already been admitted by the Insurer.

Temporary Total Disability means the if Insured becomes Disabled during the Period of Insurance because of Bodily Injury or general Illness for longer than the waiting period then the Insurer will pay the Temporary Benefit, which is 2% of the Lump Sum amount for a maximum of 24 months for each subsequent full month (and the relevant proportion of any partial month) for which for which the Insured remains Disabled during the Benefit Period.

Psychological / Mental Module must be added by separate endorsement at a premium loading of 15%. This is defined as a mental or behavioural disorder as listed in the Schedule of Permitted Mental or Behavioural disorders appended to this Policy. Including neuroses, psychoneuroses, psychopathies or psychoses, anxiety, stress, fatigue or mental or emotional diseases or disorders of any type.  For a complete description of each item, refer to the World Health Organisation (WHO) Official Publication, in particular ICD-10, Chapter V. Full wording is also available here.

Actively at work condition: The Insured Person must be actively at work and mentally and physically capable of conducting the regular duties of their employment at the inception date of this insurance, provided not having been absent for more than 10 consecutive days in the preceding 3 months.

The insured must fully and truthfully disclose in text form any information requested by the insurer in text form known prior to submission of the insurance application that is material to the insurer’s decision to conclude a contract on specific terms. This obligation also applies to questions posed by the insurer after submission of the insurance application by the Insured, but prior to acceptance of the application.

Excluded from insurance coverage is unfitness for cockpit service caused by illness, Bodily Injury or physical Disability/Disablement or Accident brought on intentionally, intentional self-harm or attempted suicide, accidents or illness resulting from alcohol / drug impairment or contributed to by alcohol / drug dependency, use of drugs or poisonous substances, except as prescribed by a doctor, the wilful commission or attempted commission of a crime, events directly or indirectly related to war or civil war, pregnancy or childbirth, hormonal and/or successfully treatable disorders specific to the female reproductive system resulting from pregnancy or childbirth. The actual or threatened malicious use of pathogenic or poisonous biological or chemical materials, Nuclear reaction, nuclear radiation or radioactive contamination, the Insured Person engaging in or taking part in armed forces service or operations, Venereal disease or Acquired Immune Deficiency Syndrome (AIDS), AIDS Related complex (ARC) or Human Immuno-deficiency Virus (HIV) howsoever these have been acquired or may be named, the Insured Person’s deliberate exposure to exceptional danger (except in an attempt to save human life), the Insured Person ‘s own criminal act, neuroses, psychoneuroses, psychopathies or psychoses, anxiety, stress, fatigue or mental or emotional diseases or disorders of any type, death is not the subject of insurance

The Insured may not receive Benefits under this Policy if the Insured is also insured under any other Loss of Licence policy, which exceed 500.000 from all sources, purchased by and on behalf of the Insured and for his sole benefit (other than any personal accident insurance) unless written notice of the existence of that other policy shall have been given to the Company and the Company’s acceptance has been noted in writing. Otherwise as a consequence the sum paid will be reduced by the amount by which it exceeds 500,000 and a proportionate return of premium will be made.

No acceptance for Swiss and United States of America citizens or main residence there.

No benefits are payable in the event of the death of the insured individual. This also applies if the insured individual should die within 30 days of the date of written attestation of unfitness for cockpit service being provided by a licensed aviation medical examiner, including death resulting from the Illness, Bodily Injury, or physical Disability/Disablement or Accident that caused unfitness for cockpit service.