The Life insurance will be provided by the cooperation between AXA and GENERALI. The AXA S.A. group is a French insurance company with its headquarter in Paris, France. The AXA Group is one of the largest international insurance companies and money managing group in the world, the third largest insurance group in Europe is GENERALI located in Italy. As a pilot you are exposed to many dangers and it is more than important to be covered in case of death, especially if you have a family to support. Many airlines provide such insurance for their employees, but those covers will end as soon as you leave the company or if changing the employer, starting your retirement or for any other reason. Getting older, it becomes increasingly difficult to find a new life insurance maybe and if only with some exclusions. For this reason, we recommend having a personal life insurance, even if your employer already covers you. With the APPN contract, you are covered up to 65 years old, with a possibility to extend it up to 75 years with some limitations. Like for the Loss of Licence insurance, APPN will offer on a regular basis every 18 months a so called automatic alteration to your guarantess to cover the inflation and your gradually salary increase over the years. Furthermore you can increase your benefits by your own request by two steps in case of any career progression every 5 years up to the age of 50 years and followed after 50 years with one step.
The maximum starting capital is € 330.000 for all new members.
Note: Above the age of 45 years all members will move into the column of “above 45 years” and for those who joined between 40 and 45 years a surcharge of 10% of the original premium will be applied. A 20% surcharge to the premiums will be applicable for members who are joining with the age of 45 years or above.