This income protection plan provides a monthly insured benefit in the event of the withdrawal or suspension of a your CAAC Medical License, irrespective of any other pilot medical licenses that you hold. There is an initial waiting period of 60 days from the date the CAAC Medical License is withdrawn or suspended before insured benefit payments commence and you have an option of either a 12 or 24 month benefit period.
A monthly insured benefit of between US$ 5,000 and US$ 15,000 may be selected, subject to the chosen benefit amount not exceeding 75% of ‘eligible earnings’. Maximum overall insurance coverage under the 12-month option is US$ 180,000 and under the 24-month option, US$360,000.
Select ‘Product info’ for further details, definition of ‘eligible earnings’, information on how to obtain a quote and application instructions.