Loss of licence insurance with APPN

APPN is offering the Loss of Licence insurance with various and individual options including a Life insurance to all professional pilots including student pilots (trainee) holding an ICAO class 1 medical.

The Temporary and Permanent Loss of Licence insurance coverage will be provided by MACIF (France) since 1957 cooperating with DEVK (Germany) which are the two leading European insurance companies for private customers. Obviously the Temporary Loss of Licence insurance is the most important insurance which will cover your monthly expenses up to € 12.000 in case of your medical unfitness when you are temporary loosing your

class 1 medical licence for a maximum time up to 3 years. The Permanent Loss of Licence insurance is an additional insurance which cover the total loss of your medical licence due to medical unfitness. The permanent Loss of Licence can cover your medical unfitness up to € 600.000 as a lump sum payout.

It is always recommended to take a combination of the Temporary and Permanent Loss of Licence coverage. An option to take only the Temporary or Permanent Loss of Licence and vice versa is possible - you can add one of the products anytime before the age of 45 years.

In general the maximum joining age for all insurances with APPN is set before the age of 45 years.

Examples

Pilot, 30 years

Pilot, 40 years

Pilot, 45 years

Temporary Loss of Licence

Monthly allowance / guarantee

Permanent Loss of Licence

Monthly allowance / guarantee

COVER

5,000 € 
340,000 €  

Total monthly premium

PREMIUM

75 €
56 €  
131 €

COVER

8,500 € 
340,000 €  

PREMIUM

140 €
56 €  
202 €

COVER

5,000 € 
340,000 €  

PREMIUM

225 €
136 €  
361

A life insurance can be added any time at the lowest premiums on the market, see the following example:

Capital: 165,000 EUR for only 41 € per month. Capital: 330,000 € for only 83 € per month.

 

Please note that the selection of the guarantees is your individual choice. The industry standard recommends to take a cover equal to your net monthly salary for Temporary Loss of Licence and a cover equal to 4 years of your net yearly salary for the Permanent Loss of Licence. Please refer to the premium tables in the online application.

Temporary Loss of Licence

As mentioned earlier the Temporary Loss of Licence insurance is the most important insurance which will cover your monthly expenses up to € 12.000 in case of your medical unfitness when you are temporary loosing your class 1 medical licence for a maximum time of 36 months and up to the age of 65 years. Each airline has its own rules in case of short-term or even long-term disability and before choosing any complementary cover,  you need to know for how long and on which basis you would be covered by your employer during your medical unfitness. The recommendation is always to take a coverage equal to your current net salary. A coverage higher than your current net salary is not possible due to Terms and Conditions of the insurance provider. Therefore the latest salary note has to be provided for your application with APPN. 

The guarantess of the Temporary Loss of Licence will be paid out in Euro (€) currency to your bank account and according the payout schedule - please refer below to the graph to understand the payout schedule. APPN will start to pay out after the 28th day of your confirmed medical unfitness, 50% of your guarantess for 3 months followed by 100% up to 2 years. In the last year of you medical unfitness the pilot / member is entitled to a payout of 75% of his subscribed guarantees.

APPN will offer on a regular basis (usually every 18 months) a so called automatic alteration (one step increase) to your guarantees 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 every 5 years in case of any career progression up to the age of 50 years and after the age of 50 years with one step only up to the age of 60 years as an automatic alteration.

11 Temporary Loss of Licence Premium (E1

Permanent Loss of Licence

The Permanent Loss of Licence insurance of APPN will cover the full loss of your medical Class 1 licence due to any medical unfitness. In this case the insurance will pay out up to € 600.000 as a lump sum to its member. The cover of the Permanent Loss of Licence insurance is an additional insurance to the Temporary Loss of Licence insurance, however can be taken as a singular insurance cover as well. A coverage (capital) equal to 4 years of your current net salary appears to be an advisable standard. The automatic alteration will follow the same principle as with the Temporary Loss of Licence insurance and is applicable to your guarantees to cover the inflation and your gradually salary increase over the years by 1 step. In example if your starting capital is € 340.000, APPN will offer you a step to the next higher one which is € 360.000 - this "automatic alteration" can be rejected by its member if requested. The automatic revision will take place usually every 18 months, Terms and Conditions will apply.

The maximum starting capital is € 340.000 for all new members. 

12WEB Permanent Loss of Licence Premium

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. A cover equal to 4 years of net salary appears to be an advisable standard. The maximum joining capital is 340.000 €. 

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