It is insurance that pays a pilot a benefit if illness or injury means they can no longer hold their licence. It covers both temporary grounding (income) and permanent loss (lump sum).
Loss of Licence
As a pilot, your career is built on precision and preparation, but are you prepared for the unexpected? Losing your licence due to a medical condition caused by illness or injury can happen at any stage of your career.
Loss of Licence (LoL) cover provides a crucial safety net, specifically designed for pilots. With coverage options extending up to $1 million, and additional top-up coverage available up to $500,000, it offers the cover you need if you were to lose you licence during your career.
LoL cover benefits:
- Total Disability Income
- Lump Sum for Permanent LoL
- Zero out of pocket premiums for base cover
- Top up benefit available
Lloyd’s Loss of Licence cover, facilitated by YourCover, provides peace of mind both in the air and on the ground, supporting eligible claims to offer financial stability and allowing you the time needed for recovery.
Please note: Once you have joined AIPA, you will be eligible to apply for LoL coverage through YourCover.
JOIN AIPA or LOGIN NOW TO ACCESS LLOYD'S LOSS OF LICENCE COVER:
AIPA Loss of Licence - FAQ
What is pilot Loss of Licence insurance?
How much Loss of Licence cover can AIPA members get?
AIPA members can access cover options up to $1 million, with additional top-up cover available up to $500,000.
Who provides AIPA's Loss of Licence cover?
The cover is underwritten by Lloyd's and facilitated by YourCover. AIPA does not provide the insurance itself.
Do I need to be an AIPA member to get this cover?
Yes. You become eligible to apply for Loss of Licence cover through YourCover once you have joined AIPA.
Disclaimer: The above information is general information only and should not be taken as constituting financial advice from AIPA. AIPA does not, endorse or recommend any individual financial institution, financial group or financial adviser, or endorse or make recommendations about any financial advice, product, plan or scheme (including but not limited to insurance, pre-retirement, investment, superannuation and estate planning). AIPA does not accept liability for any loss or damage (including but not limited to special, incidental, consequential, or other damages) suffered as a result of a person acting in reliance upon any information disseminated to AIPA members. If you require financial, legal and/or taxation advice, you should obtain your own independent, professional advice.