Loss of Licence Insurance for Virgin Australia Pilots

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Virgin Australia loss of licence insurance

We have tailored a loss of licence product, in partnership with Gallagher, to assist Virgin Australia pilots with the provision of insurance that maximises cover without exceeding your Enterprise Agreement (EA) reimbursement entitlement. That means you get competitive terms of insurance with no out-of-pocket costs. Of course, if you need more cover than what’s available, you can apply by contacting us.

Tailored insurance protection to match your Enterprise Agreement (EA) entitlements so no out-of-pocket costs.

enterprise agreements

Narrow Body Aircraft Pilots Enterprise Agreement 2021, Part 12-Clause 79.1(c), specifies an annual allowance up to $3,004.77.

our cover

Loss of licence insurance provides financial protection if you suffer bodily injury or illness that prevents you working as a pilot due to suspension or cancellation of your Class 1 medical certificate.

We provide two types of cover, permanent loss of licence pays a capital lump sum benefit if you are unlikely to return to flying and temporary loss of licence provides a monthly benefit if you lose your licence temporarily or permanently. Both types of benefit may be used to pay off larger loans and shorter-term monthly expenses

cover benefits

Permanent loss of licence (capital lump)

Permanent loss of licence cover provides a lump sum amount if your medical certificate is suspended long term and you are unable to fly for a living.

Capital benefits up to $600,000 dependant on age

35% benefit for alcohol and drug related illness

180 days waiting period

full mental health conditions cover

Temporary Loss of Licence (monthly benefit)

Temporary loss of licence cover provides a regular monthly income while you’re not flying if your medical certificate is suspended permanently or temporarily.

85% of income up to $15,000 per month

24 months benefit period

90 days waiting period

full mental health conditions cover

This is a summary only. For full terms, conditions, limits, definitions and exclusions, please refer to the Product Disclosure Statement (available for download when applying for a quote). Any advice on this website is general in nature and does not take into account your personal objectives, financial situation or needs.

why choose us?

mental health cover

Professional pilots face occupational stressors every day such as irregular work schedules, work/life balance, fatigue, disruption of sleep and increased anxiety from having to take regular medical tests. However, many pilots are not properly insured, and you’ll find most plans have a full exclusion, only pay claims resulting from defined conditions or reduce the benefit payable. We know the importance of offering the widest coverage possible.

no membership or joining fee

Access to our loss of licence insurance is available to individuals and groups with no association or union membership required.

older applicants accepted

New applications for loss of licence insurance accepted to age 59.

tailored benefits and premiums

If it’s insurance to fit an Enterprise Agreement that you’re after, we have tailored coverage that may work for you.

claims management

Our service providers work with Designated Aviation Medical Examiners (DAME’s) in the claim’s decision process to ensure appropriate, timely and fair handling of claims.

instant cover online

We want to improve your insurance buying experience, customise a quote and apply for instant cover online, even while on the move.

obtain a quote and buy online today

1. Get a quote and complete the online application by answering questions about your health.

2. If your application needs to be reviewed, we respond within 24 hours

3. Choose payment by invoice, Virgin Australia has a bulk billing arrangement in place with Aircrew Insurance.