INSURANCES FOR PILOTS
managed by pilots
INSURANCE FOR CADET PILOT
APPN is offering a Loss of Licence insurance to all cadet pilots who are undergoing for their flight training in the Middle East and holding an ICAO class 1 medical for a competative rates which are unbeatable in this market.
The Loss of Licence scheme is basicaly the same as for the professional pilots with the only excpetion that the cadet pilot cannot subscribe for the Temporary Loss of Licence insurance due to the fact he/she do not have any income during your flight training. The Permanent Loss of Licence insurance coverage will be provided by MACIF (France) and the Life insurance by AXA / GENERALI as for all professional pilots.
Before you start to download your application form and you have to decide if you want to subscribe for the Permanent Loss of Licence only or with an additional Life insurance. Advisable is to take a Permanent Loss of Licence and Life insurance together to cover your training cost in case of medical loss and in the case of death a lumb sum will be directly paid out (this can be an option if a loan has been taken to cover the training cost).
The premium table is divided in two columns, the Permanent Loss of Licence only and together with the Life insurance.
As an xample you will decide to go for the Permanent Loss of Licence only with a coverage of 110.000 €, it will cost you 8 € per month or 96 € per year. In this case you will go for „Rank number” # 8527 which has to be noted in the application form.
As an example you will decide to go for the Permanent Loss of Licence and a Life insurance with a coverage of 110.000 € for both policies, it will cost you 10 € per month or 120 € per year. In this case you will go for „Ranks number” # 8528 which has to be noted in the application form.
If your income is not paid in Euro (€) currency you can easily convert your current salary to find the applicable monthly allowance and the respective monthly premium.