RWSI - Loss of
License Insurance Program
RWSI is dedicated to the promotion of the helicopter as a safe and
effective mode of commerce and development of civil helicopter industry.
Taking forward our continued endeavor towards this objective, RWSI
is delighted to announce the launch of an exclusive Aviation Loss
of License program for Helicopter pilots in India structured by Alliance
Insurance Brokers, one of India's leading insurance brokers.
"WHAT
WOULD HAPPEN IF I COULDN'T FLY...?"
That's
a question all pilots must ask themselves !!
Career pilots undertake years of hard work and incur considerable
expense to obtain their flying license and become a pilot. However,
a pilot's career and income are at risk if they are prevented from
flying because of a serious injury or deterioration in health. Most
pilots are aware of how relatively insignificant health problems,
which would not stop a desk-based employee working, can result in
them losing their License. While we cannot always prevent the unexpected,
some planned protection can sometimes help lessen the damage when
disease or disability threatens a career that has provided its members
(and members' families) with the lifestyle they've come to know and
get used to.
Loss of License Insurance is one such type of protection that all
career pilots need, making sure that they'll remain financially secure
if they lose their License to Fly.
KEY FEATURES:
Given below are some key features of RWSI's 2010-11 Loss of License
Insurance program, on offer through Alliance Insurance Brokers.
- Provides compensation on account of Permanent Medical Unfitness
/ Temporary Medical Unfitness / Accidental Death / Accidental Permanent
Disablement.
- 24 hours worldwide Personal Accident Cover (both on duty and off
duty) " Maximum Capital Sum Insured upto Rs 1.15 crores., being the
highest currently available in India
- Pilots in the age band 51-55 years eligible for Maximum Capital
Sum Insured of upto Rs 1.10 crores, being the highest currently in
India.
- Lowest Cooling Period of 50 days. " Minimum documentation for submitting
proposal. Completed, signed proposal form, a copy of the current valid
pilot's license and latest available Medical Certificate issued by
DGCA approved Medical Centre to be submitted along with premium cheque.
BENEFITS / COMPENSATION:
Loss of License cover is designed to pay out a lump sum if a pilot
loses his license permanently. Smaller temporary benefits are paid
monthly (for a maximum of 24 months) during a period of temporary
suspension of license, after a waiting period of 50 days. Likewise,
the Personal Accident cover is designed to pay out a lump sum on account
of Death or Disablement.
The maximum compensation payable under the policy is limited to the
Capital Sum Insured (which itself is restricted to 3 times of gross
annual compensation) chosen by the individual pilot.
ABOUT ALLIANCE INSURANCE BROKERS:
Alliance Insurance Brokers ('Alliance') is one of the leading insurance
brokers in India when it comes to various specialty lines such as
Aviation, Media, Sports, etc. Alliance has been at the forefront of
Aviation Loss of License Insurance ('LOL') in the country since 2008
For more details on the Loss of License
program please refer the the following documents
Proposal Form
Premium Table
Premium Table - February 2012 - December 2012
For any clarifications or queries please feel free to contact RWSI
We sincerely urge all RWSI member Pilots to take advantage of this unique offering and secure your financial future. This will enable you and your family to enjoy sustained peace of mind while continuing with your current lifestyle even when there is a looming threat of disease / disability. This is one more initiative by RWSI, as the nodal rotor wing aviation body in India, to promote the interests and development of the civil helicopter industry.
