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LOSS OF LICENCE
Protect yourself and your family

CREWSOLUTION Loss of Licence Insurance

As a pilot you obviously have a high risk of being temporarily unable to work due to illness or injury. Since it is our goal to provide all-around service for aircrew, we therefore offer appropriate insurance for pilots. We work with selected international partners where you can choose from different insurance modules and coverage.

Loss of License insurance

Protect yourself and your family with an affordable Loss of License insurance! You can choose from the following modules:

Our PDF application form offers a simple application process. You will receive prompt quotations and a signed confirmation from the insurer.

Get in touch if you need a Loss of License insurance for the first time, if you want to replace an expensive contract or extend existing benefits!

For additional information and your personal quotation, please contact us!

If you have any further question or need additional advice, please feel free to contact us anytime!

Key Features of Loss of Licence cover includes:


Standard Schedule of Benefits - Loss of Licence

Benefit Plan Benefit Maximum
PTD Permanent Total Disablement by Bodily Injury or Sickness 100% of the sum insured
TTD MODUL Temporary Total Disablement by Bodily Injury or Sickness 2% of the sum insured for a maximum of 24 months
MENTAL MODUL - PTD Permanent Total Disablement by Psychological Illness
Classified Psychological Illness
100% of the sum insured
24% of the sum insured
MENTAL MODUL - TTD Temporary Total Disablement by Psychological Illness
Classified Psychological Illness
2% of the sum insured for a maximum of 24 months
2% of the sum insured for a maximum of 12 months

 

 

Insurance FAQs

Product Definitions?

Permanent Total Disablement means the insured person is completely unable to perform the essential duties of their own previous occupation as a licence holder and this condition lasts more then 180 days. After that period and no hope of improvement, the client fulfils the requirements for a Permanent Total Disablement Benefit payment.

Temporary Total Disability means the insured person is entirely and temporarily prevented from acting in the capacity for which he or she holds a Licence due to bodily injury, general illness or, if the mental health module has been selected, a psychological or classified psychological illness.

Actively at work: At the inception date of the insurance, the insured person must be actively at work and mentally and physically capable of conducting the regular duties of their employment.


What payments will I receive in case of loss of license?

You can choose between a lump sum only or monthly payments in addition.


In what amount will I receive my payments?

Loss of License benefits are based on your annual salary, but you may select any level of coverage you wish, up to a maximum of 350,000 EUR Loss of License benefit, subject to additional underwriting (depending on your age between 5- 8 annual gross salary).

The monthly benefits are 2% of the insured sum. They will be paid for a maximum of 24 months. The maximum lump sum is 350.000 EUR. If you opt for monthly benefits, the lump sum will be reduced accordingly. The temporary benefit is limited to 75% of your pre-disability income.

Depending on your illness, the amount of compensation may vary. For example, if you are permanently disabled, you will receive 100% of the insured sum. If you suffer from a classified psychological illness, you may only receive 24% of the sum. In this case, it is often possible to return to your occupation after some time.


When will I receive my payments?

The waiting period for monthly benefits is 90 days. The permanent Loss of Licence lump sum is payable after 180 days.


Which illnesses are covered?

All physical illnesses or injuries that result in an inability to fly until you reach the limit of 24 months or lose your flight license. According to which module of insurance you chose, you can also have disability due to mental health issues covered.


Am I eligible for the Loss of License insurance?

The insurance is open to pilots that at inception hold a valid and current Commercial Pilots License or an Air Transport Pilots License which meet the requirements of ICAO Annex 1 (International Civil Aviation Organization), and a current pass certificate by an AME – Aviation Medical Examiner.


What does the Loss of License insurance cost?

The pricing structure for Loss of License cover follows traditional patterns and increase incrementally each year. As the pricing is based on age and insurance coverage amount, there is no general answer to this question. For your individual quotation, please use our quick and easy PDF form. If you are a company or larger group, please ask for our group benefits!


Who is my contract partner?

Your acceptance, confirmation and coverage will be issued directly by the selected insurer.


Insurance coverage exclusions?

At this moment, the United States and Swiss citizens and taxable persons in these two countries are excluded from our insurance program, but we are actually working on a solution for our swiss clients and will updater you as soon this has positively finalized.