Ryanair & Easyjet Insurance Benefits

[adelpha]

Hi all,

Do these airlines provide any loss of license and/or health insurance for its pilots as a benefit? or do they provide an allowance to takeout insurance personally etc..?

Any info would be appreciated!

Thanks!

[dirk85]

Hi all,

Do these airlines provide any loss of license and/or health insurance for its pilots as a benefit? or do they provide an allowance to takeout insurance personally etc..?

Any info would be appreciated!

Thanks!

easyJet provides a LOL insurance included in the contract, with the possibility to top it up for extra coverage.
Life insurance included as well.

[adelpha]

easyJet provides a LOL insurance included in the contract, with the possibility to top it up for extra coverage.
Death insurance included as well.

thanks! Do you know the permanent LOL limit in that insurance?

[dirk85]

thanks! Do you know the permanent LOL limit in that insurance?

I think it might change slightly from country to country but the basic lol is 1,3 basic salary up to 150k gbp. A top up is available at a decent price as a benefit.

Life insurance is 4 times basic salary

[dick byrne]

No Loss Of Licence in RYR… yet.
Death In Service benefit (if you die in or out of work while on the books) is basic salary by two.
Captains : 222k
FOs : 116k

[adelpha]

No Loss Of Licence in RYR… yet.
Death In Service benefit (if you die in or out of work while on the books) is basic salary by two.
Captains : 222k
FOs : 116k

thanks for this!

[Say Mach Number]

Going back a few years now but Ryanair did provide Loss of Licence insurance for the pilots but decided to give the pilots the money to get their own so Ryanair didn’t have to administer it or employ someone to administer it!

In theory it’s partly what the so called Pilots Allowance is for. At the moment Capts get £6000pa (which is taxed) to help with getting LoL insurance.

Not a perfect solution but some people just like having the money, personally I would prefer a company scheme.

[IRRenewal]

At the moment Capts get £6000pa (which is taxed) to help with getting LoL insurance.

Now gone up to £8000pa

[midnight cruiser]

Just like the pilots voted to end the share save scheme many years back (which they would now be doing very nicely from), in favour of a small cash bump to the headline pay. Now't as stupid as pilots, or as canny as Ryanair, who know full well that is only headline pay that gets a pilots attention, blind to each and every missing part of a normal package (health cover etc). So any bumps in pay inevitably trickle back to the market rate, but with the former benefit now foregone; I even remember when they had a final salary pension!. It is also very tax inefficient to bundle it into taxable pay, as not all of it is a benefit in kind (eg parking, medicals)