Qatar Pilots Income Protection Plan
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The “Insure First” Pilots Income Protection Plan
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Pilots Income Protection Insurance. Email [email protected]
Transcript of Qatar Pilots Income Protection Plan
The “Insure First” Pilots Income Protection Plan
An Introduction to
May 2014
Also using this income protection plan…
• Appointed 2011 for 3 years, Appointed for a further 3 years 2014
• Appointed 2012 for 3 years
• Appointed 2012, renewed annually since
• Appointed 2011, renewed annually since
Excellent track record in this region
Catlin Underwriting Hubs
Advised by a specialist Aviation Medical Examiner, Dr John Merritt (formerly Cathay Pacific Airways)
Problem:
You cannot perform your duties as a pilot
due to injury or sickness
Current Solution:
2 weeks – full pay2 weeks – half pay
Then?
Pilot Income Protection (PIP) - Better than Loss of Licence (LOL)
What is PIP?
Monthly income replacement . . .
. . . if you cannot perform your ‘normal’ duties . . .
. . . for any medical reason: any sickness or injury.
Status of your licence: not considered!
Pilot Income Protection (PIP) - Better than Loss of Licence (LOL)
Large group offer = discounted costs
No doctors visits. All nationalities
You can keep the insurance worldwide
Simple application process
Smokers do not pay more
If you can work at a desk, pays the difference
Benefits paid for maximum 60 months
Example: Without PIP
August 1st: Skiing accident
2 weeks:Full pay
2 weeks:Half pay
September:No pay
October:No pay
November:No pay
December:No pay
January:Back to work
Not flying much, low
pay
March:Back to full
pay
Example: With PIP
August 1st: Skiing accident
2 weeks:Full pay
2 weeks:Half pay
September:No pay
October:85% of income
November:85% of income
December:85% of income
Continues for 60 monthsOR
You return to workOR
You reach age 60
60 day waiting period
You choose how much insurance you want
Monthly Total Cost Benefit Benefit per year
A $ 2,500 $ 120,000 $ 625
B $ 5,000 $ 300,000 $ 1,250
C $ 7,500 $ 450,000 $ 1,875
D $ 10,000 $ 600,000 $ 2,500
Choose A, B, C or D
Do you want more?
Bonus included: Personal Accident Cover for $125,000 per
person
You can choose to buy more Income Protection insurance, Personal Accident insurance and Permanent Inability to Fly insurance
Most Psychological Conditions
HIV/AIDS – except where caused by medical treatment
Criminal acts or deliberate self harm
Active duty with an armed force
Undertaking a professional sport for remuneration
PIP – Standard Exclusions
Already working in other countries
USD
2011 $14,819
2012 $242,859
2013 $1,283,888
2014 to date $589,920
Income Protection claims already paid to pilots
Next Steps
• Answer any questions
• More pilots = greater discount
• Gather all interested people by end of May
• Launch in June
The Insure First Team
Andrew Kerton
+974 6689 1690
Stanlli Offices Building 10, Office No 102, 1st Floor, P.O. Box - 30648, Muntaza, Doha – QatarC.R 50102
+974 4016 4847/8
+974 4488 9641
www.insurefirst.com.qa
The ABC TeamAbout AircrewBenefits.com
Pilot Income Protection (PIP) is an insurance product offered to professional Air Crew on an exclusive basis through Lumley Insurance Ltd. Lumley Insurance
Ltd is based in Cirencester, Gloucestershire, England.
John Lumley Louise [email protected] [email protected]
Charles Gosling Julian [email protected] [email protected]
Lumley Insurance Limited, Southway House, Southway, Cirencester, Gloucestershire, GL7 1FN, United Kingdom
Tel: +44 (0)1285 885885 / +44 (0) 1285 656999
www.aircrewbenefits.com
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