When I was a member of LIPS, I went to one of their road shows in Dubai. During the break, a number of us were talking to one of the guys who worked for the plan.... cannot for the life of me recall who it was.
The one thing I remember his saying when asked, "So, when would LIPS payout?"
The answer was short and sweet.... "If EK pays you out, LIPS pays you out".
I think somewhere along the years, that somehow changed and as my perception of them was less than I felt comfortable with, I decided to leave.
Having said that, I have a good friend who recently had a medically grounding situation that was/is an obvious disqualifier for getting another medical. He was awarded by LIPS full monthly payouts for something like the next many, many years! I think it starts at around 25,000 dirhams. While I'm sure all of us would prefer to not be grounded medically speaking for major issues, LIPS did come thru for him.
Kap