Zurich Insurance Loss of Licence
 

Hi Fellow Aviators:

Looking to join EK shortly and received some info from the Zurich Insurance group who indicated they are looking launch (in the coming months) a new income protection policy for the pilots at EK.

Anyone have any feedback regarding dealings with Zurich?

EK have an arrangement in the employment contract to pay for loss of licence, also there is LIPSEK; Loss of Income Protection for Emirates Pilots

I havent heard of anyone using Zurich, but would be interested to hear if anyone has some more info?

Stay clear of Zuerich Versicherung...
 

I recommend to stay clear of Zuerich Versicherung.

A close friend of mine lost his medical more than 10 years ago and Zuerich Versicherung dragged him through every court instance in Germany up to the highest court.

They lost all in all stages. Still they are now claiming for procedural errors.

For my friend and his family and kids this ordeal is an absolute nightmare!

Myself I am insured with a similar model as stated before "from pilots for pilots" which works nicely in my company.

May be better to also stay clear of LIPS...


Excerpt from LIPS conditions:

"
10.3 No benefits shall be payable to or in respect of a Member where their disability or death arises from:

10.3.1 any pre-existing condition being any injury, physical condition, illness, disease or other condition that was evident, diagnosed, treated or regarding which advice for treatment was sought or for which a medical practitioner was consulted during the 36 months prior to becoming a Member of the Scheme;

10.3.2 any self inflicted condition being any injury, physical condition, illness, disease or other condition which was deliberately caused inflicted or contracted by the Member, including any conditions associated with smoking or obesity; :eek:

10.3.3 any psychological disorder (unless caused by a physical injury);

etc etc..."

LIPS payout conditions are moot. You will get nothing from LIPS unless the company pays your loss of license benefit. It is either a both (EK/LIPS) payout or a zero payout.

You may ask around to see which of those two outcomes is more common amongst those who have lost their medicals.

Thanks for the feedback everyone.

scandistralian, if you want some info about the Zurich plan just email them at [email protected]

It's not the cheapest policy, but at least it has Zurich's financial backing and apparently covers pre-exsisting conditions.

Actually it is the most expensive policy in aviation.

Simply because they will never pay in case you lose your licence.


(@mstone: your propaganda does not work here...!)

IPEP?
 

Has anyone signed up for IPEP? Or heard anything about it?

Top Cover Direct

I have lips, but it might not hurt to have a backup if things dont work out as promised.

Insurance for insurance?

Last I heard IPEP will only pay a max of 5 years. LIPS I think until age 60 (tbc).

However, their life cover appeared to be good value :eek: