This document discusses the importance of Loss of License (LoL) and Personal Accident (PA) insurance for pilots. It explains that being a pilot carries high medical and injury risks that can ground a pilot and negatively impact their career and income. LoL and PA policies provide compensation in cases of temporary or permanent medical unfitness to fly due to injury or illness. The document provides examples of compensation amounts and premium costs for these policies. It also describes the role of JK Risk Managers and Insurance Brokers Limited in placing such insurance policies and assisting with claims.

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2. Loss of License (LoL) &
Personal Accident (PA) Cover
“WHAT WOULD HAPPEN IF
COULDN’T FLY...?”
That’s a question all career pilots
must
ask themselves !!!
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3. Loss of License (LoL) &
Personal Accident (PA) Cover
• Flying is a high risk job and requires high level of medical and physical fitness.
• A Pilot earns his license after years of hard work and considerable expense.
• But the career and income of a pilot is subjected to the risk of serious injury
or deterioration in health.
• The high package that a pilot gets often results in higher expenses and
bigger liabilities (Loans etc.)
• Any medical grounding of a Pilot results in a huge financial stress to him and
his family.
• To reduce this all Pilots must have adequate Loss of license and
personal accident coverage.
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4. Loss of License (LoL) &
Personal Accident (PA) Cover
• While we cannot always prevent the unexpected, some planned protection
can sometimes help lessen the damage when disease / disability threatens
a career that has provided its members (and members’ families) with the
lifestyle they’ve come to know.
• Loss of License (LOL) with Personal Accident (PA) 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.
• This is probably the most important cover that a career pilot can have.
• 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.
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5. Loss of License (LoL)
• Provides compensation to a pilot on account
of any bodily injury and / or illness resulting in
INCAPACITY. The same must be certified by
the Medical Board of DGCA as Temporary
Medical Unfitness (TMU) / Permanent Medical
Unfitness (PMU).
• Incapacity relates to grounding of a pilot on
account of PMU / TMU which prohibits
concerned pilot from flying.
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6. Loss of License (LoL)
Quantum of Compensation in case of a LOL
Coverage:
• For PMU 100% of Capital Sum Insured.
• For TMU 1% - 2% of Capital Sum Insured per
month. (for up to 24 months)
There is a cooling period this is the first 60-90
days of incapacity for which no compensation is
paid.
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7. Loss of License (LoL)
For example a Pilot aged 35 with two dependents earning
a salary package of approx. 50 lac per annum is eligible
for a cover of approx. 3 times the annual package.
• This means he must have a LOL of at least 150 lac each.
Quantum of Compensation in case of a LOL Coverage:
• For PMU @ 100% of Capital Sum Insured or Rs. 150 Lac
as in above example.
• For TMU @ 2% of Capital Sum Insured per month or
Rs. 3 Lac per month as in above example. (for up to 24
months)
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8. Personal Accident (PA)
• The Insurer shall pay as per benefit applicable
to any Insured person in case he sustains any
bodily injury caused by accident violent
external and visible means whilst entering into
alighting from our being as Pilot member of
the crew or passenger in any licensed
standard type of aircraft anywhere in the
world .
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9. Personal Accident (PA)
• 100% of Capital Sum Insured (CSI) in case of DEATH or
PERMANENT DISABILITY, LOSS OF 2 LIMBS, Total irrecoverable
loss of sight of both eyes or 1 LIMB & 1 EYE resulting from any
accident (including an aviation accident).
• 50% of Capital Sum Insured (CSI) in case of Total
irrecoverable loss of sight of one eye, Loss of hearing in both
ears, LOSS OF ONE LIMB, resulting from any accident
(including an aviation accident).
• 1% of CSI or Rs. 2500 per week in case of temporary total
disablement.
• 5% of CSI per annum for a period not exceeding 20 years or
100% of CSI as lump sum in case of totally and absolutely
incapacitated.
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10. Personal Accident (PA)
• This a 24 hour world-wide cover, on/off duty.
• There are some Exclusions like Suicide, self
injury, deliberate self exposure to unnecessary
danger, breach of law, under influence of
intoxicating liquor/drug, flying in an aircraft for
illegal purpose, aerobatics, test flight or any form
of flying involving abnormal hazards, etc.
• The premium charged is 0.20% to 0.40% of the
sum insured, i.e. for a PA cover of Rs. 1 Cr the
premium can be Rs. 20, 000 to Rs. 40,000 per
annum (+ST) based on underwriting company.
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11. Our Role
Policy Placement and Administration Services
The aim of this service is to ensure a smooth handholding of the client during the
entire process of Policy placement, risk underwriting and keeping updated records.
• Gathering of underwriting information from the Proposer (Pilot),
• Appraising Proposer about the types of coverage available and providing suggestion for
inclusion of appropriate coverage as per age/liability and risk involved therein,
• Internal discussions with the Proposer to understand the dynamics and feedback related to
risk management,
• Floating Quote request based on the above and negotiating better rates,
• Preparation and submission of the Quote Comparison Report (QCR),
• Get clients consent over the choice of Insurer and premium payment ,
• Placement of the policy with the Insurer of the client’s choice,
• Receiving the policy, vetting and delivering the policy to the client in time bound manner,
• Preparing an annual insurance plan calendar for smooth renewals,
• Assisting client in policy administration which includes routine reviews of policies, addition
and deletion of endorsements,
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12. Our Role
Claim Expediting and Management Services :
In case of claims following assist clients in
ensuring all required updated documents are
presented to the Insurer.
Best Practices Development Services: The aim of
this additional service is to appraise and update
client about the best practices to ensure a
favourable claim experience. A claim free record
will ensure better risk management practices, lower
cost of Insurance and loss of life &limb.
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13. Contact Details
JK Risk Managers and Insurance Brokers Limited
A-21, Sector-5, Noida-201 301 U.P.
www.jkbima.com
Sunil Kumar
Business Head - Aviation Insurance
# 9560798383
Sunil.kumar@jkmail.com
www.aviantioninsurance.in
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