Aircrew Loss of Licence Insurance
AIRCREW LOSS OF LICENCE
Pilots undertake years of training and incur considerable expense to obtain their licence. Being a professional pilot is a demanding career, and there are few occupations that are subject to such stringent health requirements. A slight medical deficiency could ground you indefinitely, resulting in a loss of income which could see both you and your family suffer financial hardship. Loss of Licence Insurance provides security and peace of mind by helping to ease the financial burden caused by loss of income in the event that a pilot loses their Australian aviation medical as a result of accident or illness.
The Air Pilots Award 2010 (MA000046), which came into force on 01 January 2010 and is enforceable under the Fair Work Act 2009, stipulates that an employer will pay each full-time pilot A$2,005 towards loss of licence insurance (in addition to salary).
Loss of Licence Insurance is often only available if you are a paid-up member of a pilot association, however Austbrokers ABS Aviation have established an exclusive Loss of Licence insurance product with QBE which is available to individuals and groups alike, with no association membership required.
To obtain a quotation please complete our online application form and one of our qualified staff will come back to you shortly. Alternatively if you would like to discuss further, please send us an enquiry or call us on (02) 8567 3110. Before purchasing this product, please read the Product Disclosure Statement.