In a world of regulation and legislation it can be vital for flying instructors and air traffic controllers to have a Loss of Licence insurance policy to cover loss of earnings due to ill health or temporary suspension. Onrisk has teamed up with Albion Insurance Company to offer a dedicated insurance to meet the needs of instructors and controllers. We have negotiated extremely competitive rates.
Its aim
To pay out a cash sum if you lose your licence for health reasons during the period the insurance policy is in force. The policy includes monthly disability payment. For an additional premium you can chose a shorter deferred period.
What is Onrisk Loss of Licence insurance?
It's an insurance policy that pays out a lump sum if you permanently lose your licence due to ill health aimed purely at instructors and air traffic controllers. This can be be used to “top up” existing cover.
This is annual loss of licence insurance cover for
A sum insured amount, chosen by you, dependent upon both your age and your salary.
Please note, this is not an investment policy and if you decide to cancel the plan you do not get any money back.
See also:
Life Insurance with Critical Illness
Adventure-sport travel insurance for instructors