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Insurance: Life, Loss of Licence, Sickness etc (NOT hull insurance)

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Insurance: Life, Loss of Licence, Sickness etc (NOT hull insurance)

Old 6th Jan 2008, 11:18
  #201 (permalink)  
 
Join Date: Sep 2000
Location: UK
Age: 43
Posts: 1,585
Balpa financial services is one, and I am not even in the union.
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Old 6th Jan 2008, 13:43
  #202 (permalink)  
 
Join Date: Feb 2006
Location: Germany
Posts: 750
Hi,
i'm with Albatros - company is related to Lufthansa, but offers insurances also the helijockeys
http://www.albatros.de/cms/content/P...eit/index.html

Greetings Flying Bull
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Old 12th Jun 2008, 23:36
  #203 (permalink)  
 
Join Date: Jan 2007
Location: wales
Age: 48
Posts: 31
life insurance

can anybody help? i am a 36yo below 100hr ppl(h) and never had life insurance before.since taking up flying her indoors thought it would be a good idea to take out a policy on me,so we had a budget quote of x amount per month which i thought was reasonable,then the application form came through the post (bet you know whats coming)i filled it in and explained in it that i owned and flew a helicopter,sent it off and thought no more about it.then a week later my broker came back and told me that the monthly payments were now 4 times the original budget.i suppose this is the norm in the helicopter world any ideas???
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Old 19th Aug 2008, 13:31
  #204 (permalink)  
 
Join Date: Oct 2002
Location: UK
Posts: 322
Life & medical insurance for UK

After my recent small incident, I find out that my medical insurance now doesn't cover me, even though it did when I originally took out the policy, something in small print apparently at last renewal.

Therefore I am looking at all my insurance and thankfully it doesn't mater about the original policy.

I am struggling to find companies who will cover a UK helicopter pilot for health insurance & life insurance, has anyone got any suggestions and recommendations please.

Thanks RB
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Old 19th Aug 2008, 13:59
  #205 (permalink)  
 
Join Date: Nov 2003
Location: Aberdeenshire
Age: 44
Posts: 102
Balpa financial services provide quite a good Loss of Licence, but you need to be a member, they would probably be able to point you in the right direction for other insurances.
T4
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Old 19th Aug 2008, 23:54
  #206 (permalink)  
 
Join Date: Nov 2001
Location: Lancashire UK
Posts: 568
Hi RB.

Sovereign were high profile in the fixed term cover for aviators. I took out a ten year life policy with them a long time ago very reasonably. They were taken over by Legal & General a few years ago. Might be worth giving them a call. Heywards add accident cover for the pilot on to their aircraft policy but at 500 quid a year it doesnt strike me as cheap. What do you think in light of your experience? what sort of costs did you incur?

Hope the sore bits are getting better!

Phil
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Old 20th Aug 2008, 09:02
  #207 (permalink)  
 
Join Date: Sep 2000
Location: UK
Age: 43
Posts: 1,585
I am not a member of Balpa but have my loss of licence with them.
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Old 20th Aug 2008, 15:49
  #208 (permalink)  
 
Join Date: Jan 2007
Location: Abingdon uk
Age: 54
Posts: 28
HSBC

Hello Rotorboater,

I have had problems with all the major companies when I first started to fly, eventually Norwich union done me a policy with hours restricted to 100 per year - great for me as a PPL but useless for commercial boys and girls.

I now have a policy with life cover only with HSBC without any hour limitation.

Regards


Richard

PS try everyone even those that were crap last time - they seem to change their policy towards sectors on a regular basis - or how about work taking a policy out for all of you - ie death in service is quite cheap for a company to do (I know I am doing it for my staff at the moment) and they do not want individual details for members of staff joining the policy.
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Old 20th Aug 2008, 20:59
  #209 (permalink)  
 
Join Date: Sep 2000
Location: UK
Age: 43
Posts: 1,585
CHC used to cover me for Loss of Licence but take it out of my salary and then I was paying for the old codgers as well and hence me and some of my colleagues opted out and got our own since it was cheaper.

Just my two pennies.
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Old 29th Jun 2009, 09:23
  #210 (permalink)  
nervy
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Mortgage life assurance for UK Offshore pilots??

Can anyone recommend anyone? Banks are quoting stupid premiums as soon a I mention I work in the oil and gas industry. I've made an inquiry to BALPA already.
 
Old 29th Jun 2009, 16:08
  #211 (permalink)  
 
Join Date: Nov 1998
Location: UK
Posts: 108
Life Insurance

Nervy,

If you work for an operator with an AOC and hold an ATPL(H) I have just had life insurance with no penalties attached. Taken out at age 40, 150,000 cover at 11.69 a month. PM me I will give you contact details of the broker I got it through.
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Old 30th Jun 2009, 06:38
  #212 (permalink)  
 
Join Date: Mar 2001
Location: UK
Posts: 48
I asked my financial adviser to suggest I was covered by the policy only when flying as a passenger on a commercial airline.

That way my policy reduced from over GBP80 to GBP21 per month for GBP250,000 of life assurance cover. I might be taking a risk assuming that company insurance will cover me for any eventuality that occurs whilst flying as a crew member.

The first life assurance policy I set up was better as they didn't ask what I do for a living. So I managed GBP7 a month for GBP100,000 cover.
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Old 30th Jun 2009, 07:47
  #213 (permalink)  
nervy
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The problem is, I am covered while at work (via company insurance) but not outside of work. But as soon as you say you're a north sea pilot, every company hikes up the premium.
 
Old 30th Jun 2009, 10:29
  #214 (permalink)  
 
Join Date: Nov 1998
Location: UK
Posts: 108
Nervy,

I to am on N.Sea, my last post still stands. It doesn't make a difference as long as you have ATPL(H) and work for an AOC operator which you will be!
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Old 30th Jun 2009, 10:32
  #215 (permalink)  
 
Join Date: Mar 2001
Location: UK
Posts: 48
Nervy - PM if you want the details for the financial adviser I use as he has sorted this exact problem for me this year. He has a name of an underwriter at AVIVA (Norwich Union) who he has dealt with and I don't see why he can't get another policy based on the existing conditions of a policy already in place.
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Old 26th May 2010, 13:25
  #216 (permalink)  
 
Join Date: Mar 2000
Location: Beside the beach
Age: 48
Posts: 283
Anyone know of the most competitive life insurance for helicopter pilots?

Hi all.

I got my insurance proposal back today, and they were charging 157 per month for something the quoted as 40 initially because I'm a helicopter pilot. You'd swear we were killing crashing aircraft left and right! It's for 400k of cover for me and my wife.

If you could help I'd be extremely grateful: do you know of a specialty insurer for pilots that isn't a rip-off?

thanks!
CR
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Old 26th May 2010, 13:49
  #217 (permalink)  
thecontroller
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http://www.pprune.org/rotorheads/185...insurance.html

I came up against the same problem. 40 a month for ordinary joe. over double that once you say you're a pilot. Rip off.

I ended up getting a special policy that excluded any cover whilst I was flying at work. Considering you're more likely to get killed on the roads, heart attack, in the street etc. than flying.
 
Old 26th May 2010, 17:19
  #218 (permalink)  
 
Join Date: Nov 2003
Location: Aberdeenshire
Age: 44
Posts: 102
try scottish provident. i got 250k cover for 95/month and that is the best i could come up with after 2 years searching.

another useful one is cirensester friendly for income protection.

T4
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Old 7th Sep 2010, 12:39
  #219 (permalink)  
 
Join Date: Feb 2007
Location: England
Age: 52
Posts: 587
Critical Illness Cover for Pilots

Boys and Girls

I'm currently renewing/taking out various policies to insure myself and I'm finding that cover is being offered subject to certain exclusions/restrictions because of my aviating.

One policy will cover me with no limitations if I fly less than 75hrs per year per discipline (i.e 75 rotary and 75 fixed) but that doesn't help me as I exceed that by miles (or hours ;-) ).

Another will cover me except for any critical illness derived as a direct result of my aviating. This therefore means if I develop some form of 'critical illness' and they can attribute it to me being a pilot they wont cover me.

My broker has queried these exceptions on the basis that private (and probably commercial) flight is less risky than some other common activities (aren't there more deaths per year in horse-riding accidents than in flying ?) however they're not budging.

Am I digging my heels in unnecessarily or are there any ideas you might have?

Joel
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Old 7th Sep 2010, 14:51
  #220 (permalink)  
 
Join Date: Feb 2001
Location: West coast Australia :)
Posts: 233
If you are a BALPA member then BFS (BALPA Financial Services) will help you sort it, hint hint nudge nudge.

SI
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