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LOSS OF LICENCE
Protect yourself and your family

CREWSOLUTION Loss of License 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-round 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 our trusted Insurance partner.

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 License cover includes:


Standard Schedule of Benefits - Loss of License

Benefit Plan Benefit Maximum
PTD Permanent Total Disablement caused by Bodily Injury or Sickness

Caused by Classified Illness

Caused by Psychological Illness Classified Psychological Illnessor Psychiatric Disorders
100% of the sum insured

50% of the sum insured

25% of Sum Insured
TTD Temporary Total Disablement caused by Bodily Injury, Sickness, Psychological Illness or Psychiatric Disorders, or Classified Psychological Illness 2% of the sum insured for a maximum of 24 months
2% of the sum insured for a maximum of 12 or 24 months as per your order

 

 

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 and the Sum Insured you have selected. The amount is limited to a maximum of 350,000 EUR Loss of License benefit, subject to additional underwriting (or equivalent in CHF, USD or GBP) and may not exceed 3 x annual gross salary).

The monthly benefits are 2% of the Sum Insured you have chosen. Insurers will pay 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.

In the insurers opinion, there is no hope of improvement, you are entitled for the PTD lump sum payment of which the monthly benefits will be deducted accordingly.

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 or psychiatric disorder you may only receive 25% of the Sum Insured. 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 License lump sum is payable after 180 days.


Which illnesses are covered?

Bodily Injury - An identifiable physical injury which is caused by an Accident and solely and independently of any other cause, except Illness directly resulting from, or medical or surgical treatment rendered necessary by such injury, which occasions the Long Term Disability or Temporary Total Disability of the Insured Person.

Illness – Any sickness or disease (not falling within the definition of Bodily injury) which occasions the Long Term Disability or Temporary Total Disability of the insured person.

Classified Illness – An illness which is directly or indirectly caused by alcohol, drugs or both.

Psychological or Psychiatric Disorder(s)

Any disorder(s) diagnosed by a medically or other appropriately qualified practitioner and which is included in the internationally-recognized classification system DSM-IV (the Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, 1994 ). Such a diagnosis shall imply severe and lasting impairment in personal performance as indicated by at least one of the following:

  1. Limitation in activities of daily living.
  2. Social functioning.
  3. Impairment in concentration, memory or other cognitive functioning leading to chronic task under-performance in terms of aptitude, learning new material, reliable accuracy, endurance or pace of work.
  4. Deterioration or decomposition in work settings.
  5. Episodic disorders of mood.
  6. Disorders of form and control of thought.

Am I eligible for the Loss of License insurance?

The insurance is open to pilots that at inception hold a valid and current Medical Certificate for a Commercial Pilots License or other License used in the Aviation Sector requiring a Medical Certificate.


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 our selected trusted insurance partner in accordance with their authorities given by insurers.


Insurance coverage exclusions?

None, all clients worldwide can apply for our Loss of License insurance.


If you would like to receive your tailor-made Loss of license quote, please just enter your details below:

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