Pilot's Loss of Licence Insurance
Being a professional pilot can be a challenging and demanding job. On top of that, keeping your license to fly depends very much on being able to meet the Civil Aviation Authority of Singapore’s (CAAS) stringent medical standards amongst other requirements.
A minor accident or a medical condition could potentially jeopardise your future financial wellbeing a a commercial airline pilot. That is why we have specially developed an insurance plan to provide peace of mind for passionate pilots like you. Now, you can protect yourself and your loved ones from any financial risk and fly without worries.
What is Pilot's Loss of Licence insurance?
Pilot’s Loss Of Licence insurance provides aviation professionals with financial assistance if their aviation career is brought to a premature end due to medical reasons. Our specialty team has been providing loss of license insurance since 2004 to the pilots of Singapore’s national carriers and today, to all pilots with valid CAAS licence.
What does Pilot's Loss of Licence insurance cover?
Our Loss of Licence insurance provides a lump sum payment of up to S$300,000 in the event that your professional pilot licence is permanently withdrawn by CAAS due to sickness, accident or death. The insured amount payable is dependent on the insured person’s age at the date of the loss of licence or death.
Who is eligible for Pilot's Loss of Licence insurance?
This insurance is only available to pilots who:
- hold a valid professional pilot licence from the Civil Aviation Authority of Singapore (CAAS);
- are Singapore citizens and gainfully employed as full time commercial pilots; or
- are not Singapore citizens but are gainfully employed as full time commercial pilots by a Singapore-based scheduled air carrier with the primary place of employment in Singapore and are living in Singapore,
- are not grounded; and
- meet the entry age criteria on the date of application for this insurance
Pilot's Loss of Licence - Frequently Asked Questions
The policy provides you with a lump sum payment to mitigate the loss of earnings arising from a permanent cancellation of your professional pilot licence by Civil Aviation Authority of Singapore (CAAS) due to illness or accident or in the event of your death.
A lump sum benefit of SGD300,000 is payable if you suffer a loss of licence before age 51. If the loss of licence happens after that age but before age 65, the payable benefit is based on a sliding scale according to your age when the licence was permanently cancelled.
The policy covers Death or Loss of Licence, whichever happens first.
The benefit is paid when you die or when you receive a confirmation in writing from CAAS permanently cancelling your professional pilot licence on medical grounds and upon a medical conclusion by CAAS that it is unlikely to be restored. For a claim of LOL, you must also provide us a letter of termination from your employer.
All claims or potential claims (when medical leave exceeds 21 days) must be reported to Income Insurance through us by filing a Notification. You must provide all medical information and documents as required by Income Insurance and submit yourself for medical assessments by their appointed medical assessors when required. A claim will only be paid when Income Insurance is satisfied that the claim does not fall under any policy exclusions.
For LOL claims, payments will be made to you and for death claims, payments will be made to your Estate or the Nominated Beneficiary if a nomination was lodged by you with Income Insurance.
Yes. As insurance is a contract of good faith, the insurer’s underwriting decision is based on what you disclose to them. You must therefore disclose to us faithfully all past and present medical conditions which you reasonably ought to know prior to cover. Failure to do so may affect the payment of benefits in the event of a claim.
No benefit is payable if the loss is due to any pre-existing condition within the 12 months preceding the Income Insurance’s acceptance of your application for cover or any condition which has resulted in loss of licence before.
Yes, you may apply but you must declare the medical incapacity and provide full details and when required, provide reports from your doctor and CAAS regarding the medical incapacity. Your application will be subject to an underwriting review by Income Insurance who may accept you on standard terms, impose an exclusion relating to the medical condition or decline your application.
Yes, you may apply but you must declare the medical condition and provide full details and when required, provide reports and test results from your doctor. Your application will be subject to an underwriting review by Income Insurance who may accept you on standard terms, impose an exclusion relating to the medical condition or decline your application.
No, it will not cover such circumstances.
Yes, such circumstances are not excluded by the policy.
Yes, such circumstances are not excluded by the policy.
It depends. If you are a Singapore citizen, you can continue to be covered by the policy provided you maintain the currency of your CAAS licence and continues to be employed as a full-time commercial pilot.
If you are not a Singapore citizen, the cover will cease once you are no longer employed by a Singapore-based scheduled air carrier even if you are employed as a commercial pilot overseas.
You may choose to pay by cheque to “Income Insurance Limited” or by credit card, which is preferred by us, in which case you must provide your card details for Income Insurance to charge the premium.
For Singapore Citizens, you may apply if you fit the following criteria:
- you hold a valid professional pilot licence from the Civil Aviation Authority of Singapore;
- are gainfully employed as full-time commercial pilot;
- are not grounded or on medical leave at the time of application; and
- are 45 years old or younger on the date of application.
For Non-Singapore Citizens, you may apply if:
- you fit all the above criteria; and
- is actively employed by a Singapore-based scheduled air carrier with the primary place of employment in Singapore.
Contact us and complete the designated Application Form to Income Insurance for underwriting. You must declare all health conditions you have currently and in the past and provide details of the condition and treatment received under the “Additional Information” section. You must provide additional medical records and information when requested by Income Insurance.The underwriting outcome will be advised to you in due course.
Please send us your completed applications either by:
Howden Insurance Brokers (S.) Pte. Limited
79 Robinson Road, #13-01