Last I heard, only NATS (a multiple of salary), BAe (the same), a couple of others, and Serco (a lump sum of around £25K, or was it £25
), loss of licence insurance.
Loss of licence insurance for atco's is very difficult, if not nigh on impossible to negotiate as a unit, and individual policies to cover a lump sum of £35K cost around £450 per year depending on individual circumstances.
Otherwise most places seem to offer some form of medical insurance cover which will pay a proportion of gross salary until retirement age. However, be warned, such policies are full of loopholes when it actually comes to a claim, such as:
1 - usually, the employee must remain employed by the employer to claim the benefit, albeit at a nominal salary of £1 per year.
2 - The employee may not undertake any other paid employment whilst claiming the insurance benefit, if they do, the payout is reduced in proportion to the other salary earnt.
3 - The benefit is usually no more than 60% of gross salary, subject to income tax, possibly minimal national insurance, and also if the employee wishes to remain in the pension scheme, appropriate deductions.
Last year an unfortunate colleague failed his medical, never to have it reinstated, with the union's assisitance, he fought to get every benefit listed under a very ambiguous and long winded policy, he got what he was entitled to, but it seemed an absolute minefield.
In my experience, such policies are fine if you are within 10 years or so of retirement age, possibly already have a military or other pension upon which you can draw, or were considering early retirement.
However, if you are under the age of 50, they screw you to the wall and would be financial disaster.
Bear in mind that 60% of salary may sound OK, but if you have a family to raise, and have commitments appropriate to your current salary, could you really afford to take a 40% pay cut?