AIRCREWCARE Loss of Licence Insurance
Key features of this insurance

The Aircrewcare Loss of Licence facility is managed and underwritten by Orvia Underwriting and supported by Lloyd’s market capacity.

This page provides a summary of the principal benefits and features of the policy. Full terms, conditions, definitions and exclusions are contained within the policy wording.

Key Feature

  • Maximum Sum Insured
  • Permanent Loss of Licence
  • Temporary Loss of Licence
  • Maximum Temporary Benefit Period
  • Temporary Benefit Excess
  • Permanent Benefit Excess
  • Psychological Illness Benefit
  • Undiagnosed Illness Benefit
  • Drug & Alcohol Rehabilitation Benefit
  • Pre-Existing Condition Exclusion
  • Maximum Entry Age
  • Cover Available to Age

Benefit

  • €350,000
  • Up to 100% of Sum Insured
  • 2% per month
  • 24 Months
  • 90 Days
  • 180 Days
  • 25%
  • 33.33%
  • 33.33%
  • 2 Years
  • 60
  • 64 (Accident) / 65 (Expiry)

Permanent Loss of Licence Benefits

Cause of Loss

  • Bodily Injury or Illness
  • Psychological Illness
  • Undiagnosed Illness
  • Alcohol, Drugs or Narcotics

Benefit

  • 100%
  • 25%
  • 33.33%
  • 33.33%

Eligibility

Applicants must:

  • Hold a valid Class 1 Medical Certificate
  • Hold a CPL or ATPL
  • Be resident within the EU or EEA, or qualify as an eligible EU/EEA expat pilot
  • Satisfy the policy eligibility requirements at the date of enrolment
  • Be aged between 20 and 60 years (Accident only cover applies between ages 60-64)

Permanent Loss of Licence Benefits

Permanent Loss of Licence benefits become payable following the long-term suspension or revocation of a pilot’s medical certification resulting in the loss of the privileges of their licence. A 180-day deferred period applies.

Cause of Loss Benefit Payable
Bodily injury or illness. 100% of selected sum insured
Illness consequent upon alcohol, drugs or narcotics. 33.33% of selected sum insured
Illness incapable of diagnosis or not diagnosed as an illness. 33.33% of selected sum insured
Psychological or psychiatric disorders. 25% of selected sum insured

Temporary Loss of Licence Benefits

Temporary Loss of Licence benefits are payable where a pilot is temporarily unable to exercise the privileges of their licence because of illness or bodily injury.

  • Monthly benefit equal to 2% of the applicable Permanent Loss of Licence benefit
  • Deferred period: 90 days
  • Maximum benefit period: 24 months
  • Maximum monthly benefit 75% of net income prior to accident or illness

Monthly benefits paid reduce the remaining Permanent Loss of Licence benefit available under the policy. Unused monthly benefits preserve the lump sum.

Psychological Illness Cover

The policy provides benefits for qualifying psychological or psychiatric disorders.
The maximum benefit payable is 25% of the selected sum insured.

Important Terms & Conditions and Exclusions are as follows:

Undiagnosed Illness Cover

The policy provides benefits where symptoms prevent a pilot from exercising the privileges of their licence but the illness cannot be diagnosed.
The maximum benefit payable is 33.33% of the selected sum insured.

Drug & Alcohol Rehabilitation Benefit

Where a claim arises from illness consequent upon alcohol, drugs or narcotics, benefits may be payable subject to participation in an approved rehabilitation programme in accordance with the policy terms.
The maximum benefit payable is 33.33% of the selected sum insured.

Pre-Existing Medical Conditions

A defined 2-year pre-existing medical condition exclusion applies.
No benefit is payable in respect of a medical condition for which medical advice, diagnosis, treatment, medication or counselling was sought during the 2 years immediately preceding the policy inception date or attachment date, whichever is later.

Cancellation Rights

New policyholders benefit from a 14-day cooling-off period from the later of:

  • The policy inception date, or
  • Receipt of the policy documentation

Provided no claim has been made, premiums paid during this period will be refunded in full.

Termination of Cover

Cover will cease upon the earliest of:

  • Payment of a Permanent Loss of Licence benefit
  • Cessation of employment in the occupation for which the licence is held
  • Expiry of the policy after age 65
  • Death of the insured person

Claims Payments

Unless otherwise agreed, benefits are paid directly to the insured person.
No benefit is payable unless premiums have been paid in accordance with the policy terms.

Policy Documentation

This page provides a summary only.
Prospective insured persons should read the policy wording, certificate of insurance and all supporting documentation carefully before enrolment.
Insurance is subject to eligibility criteria, policy terms, conditions and exclusions.

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