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LOSS OF LICENCE
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CREWSOLUTION LOSS of LICENCE

CREWSOLUTION Loss of Licence cover pays a combination of temporary monthly benefits and a permanent disability lump sum, arising from the suspension or loss of licence as a result of illness or injury.

Fast-track applications up to 250,000 Loss of Licence benefit are normally accepted, upon review, within 48-72 hours.

You may select any level of cover you wish, up to maximum 400,000 Loss of Licence benefit subject to additional underwriting.

Temporary Loss of Licence benefit pays 2% of the sum assured per month, commencing 90 days and eroding the eventual lump-sum.

Comprehensive benefits include full cover against psychological and classified illnesses as standard, both of which are normally restricted on most other Loss of Licence plans.

The CREWSOLUTION pricing structure for Loss of Licence cover follows traditional patterns which undoubtedly favour younger pilots and increase incrementally each year, significantly so beyond age 40.

Key Features of GBE Loss of Licence cover includes:


Standard Schedule of Benefits - Loss of Licence

Benefit

Plan

Benefit Maximum

A

Temporary Total Disablement by Bodily Injury or Sickness

2% of the sum insured per month

B

Temporary Total Disablement by Classified or Psychological Illness

2% of the sum insured per month

C

Permanent Total Disablement by Bodily Injury or Sickness

100% of the sum insured

D

Permanent Total Disablement by Classified Illness or Psychological Illness

100% of the sum insured

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 and which lasts 180 days and at the end of that period is beyond hope of improvement. 

Temporary Total Disability means the Insured Person being entirely and temporarily prevented from acting in the capacity for which he or she holds a Licence due to Bodily Injury, General Illness, Classified Illness or Psychological Illness.

A Classified Illness is an illness which is directly or indirectly caused by alcohol, drugs or narcotics.. 

A Psychological Illness is defined as when an Insured Person is suffering directly or indirectly from stress, anxiety, depression, mental anguish, neurosis or the like and which is diagnosed by a medically or other appropriately qualified practitioner. Such an illness shall imply severe and lasting impairment in personal performance and capable of being diagnosed under the internationally recognized classification system DMS-IV-TR (the Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, 2000). 

Specified degenerative illness covered under this policy are expressly stated and limited to Parkinson's Disease, Multiple System atrophy, Progressive supranuclear palsy, Cancer, Heart disease, Prostatitis, Osteoarthritis, Osteoporosis, Rheumatoid Arthritis, Huntington's  disease, Chronic encephalopathy, Chronic Obstructive Pulmonary Disease (COPD), Marfan's Syndrome. 

Actively at work conditions: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..

Pre-existing illness exclusion:No benefit shall become payable in the event of  any claim arising from, or attributable to any disability, condition or illness for which an Insured Person has received or required medical or psychiatric treatment or counselling in the 12 months prior to the effective date of an Insured Person’s insurance, until a period of 24 months has elapsed during which time an Insured Person has neither received nor required any medical or psychiatric treatment or counselling for the said disability, condition or illness.

EXCLUSIONS:No benefit shall become payable in the event of  any claim arising from, or attributable to any disability, condition or illness for which an Insured Person has received or required medical or psychiatric treatment or counselling in the 12 months prior to the effective date of an Insured Person’s insurance, until a period of 24 months has elapsed during which time an Insured Person has neither received nor required any medical or psychiatric treatment or counselling for the said disability, condition or illness.

Please submit your personal quote or call us for a personal advice.