Ryanair & Easyjet Insurance Benefits
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Ryanair & Easyjet Insurance Benefits
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!
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!
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Life insurance included as well.
Last edited by dirk85; 28th Dec 2023 at 14:23.
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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.
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.
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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)
