Income Security for Aircraft Pilots 

 

As a professional Pilot, Flight Instructor, Air Traffic Controller or Aircraft Maintenance Engineer, you have earned your wings and a career like no other. Congratulations! The work is challenging and demanding, but it’s immensely rewarding too. You are turning a once fantasy of flight into reality for the human race each day!

 

At Liberty, we share your passion for flight. We also understand that your career and income are at risk if you are prevented from performing your duties, in the event of a serious injury or deterioration in health. In consultation with aviation experts, we have designed Paymaster to provide the financial support you may need to prepare for an alternative career, should your aviation career be brought to an abrupt end. We have also made provisions for difficult situations you may encounter when travelling overseas.

 

Paymaster is available on an individual basis or as top up to an existing group policy so that you may enjoy worldwide protection and peace of mind to make your dreams take wing.

 

Benefits At A Glance

 

• Income protection following permanent loss of license due to accidental bodily injury or illness
• Compensation for death following accidental bodily injury
• Cover for personal liability against third party claims whilst overseas
• Access to worldwide security alerts
• 24-hour assistance through Liberty Helpline (+65) 6636 1131
• Emergency medical evacuation
• Hospital admission deposit waived at designated hospitals in Hong Kong, China and Taiwan
• Access to bail bond facility
• Worldwide coverage

 

 

 

DownLoad PDFs:

 

Liberty Paymaster Flyer

 

Liberty Paymaster Proposal Form

 

Liberty Paymaster GIRO Form

 

LIBERTY Paymaster Proposal Form

 

 

 

 Schedule of Benefits

 

 

Description of Benefits	Benefit Limit (Per Insured per Period of Insurance in SGD)
Income ProtectionCovers you up to the capital sum insured in the event you suffer accidental bodily injury or contract an illness during the period of insurance which results in a permanent loss of license	Sum insured
Accidental DeathCovers you up to the capital sum insured in the event of your death due to accidental bodily injury	Sum insured
Passive War Extension Covers for income protection and accidental death are extended to include accidental bodily injury and death through war like operations provided that you are not directly or indirectly involved in such activities	Covered
Personal LiabilityCovers third party claims for bodily injury or property damage caused by your negligence whilst overseas	S$500,000
Emergency Medical Evacuation (24-hour)In the event that you require emergency medical treatment unavailable locally, this benefit covers your medical evacuation to a more appropriate medical facility. Medical expenses are not covered. Liberty Helpline: (+65) 6636 1131	Unlimited
24-hour Medical and Travel AssistanceIf you require medical or travel assistance whilst overseas, you may contact Liberty Helpline: (+65) 6636 1131 for 24-hour assistance anytime, anywhere	Covered
Liberty China CardWaiver of hospital admission deposit at designated hospitals in Hong Kong, China and Taiwan. Medical expenses are not covered. Liberty Helpline: (+65) 6636 1131	Covered
Worldwide Security Alerts You may sign up for alerts on events or scenario which could pose a threat to your safety whilst overseas. Services such as online access to country wide security information, daily news bulletin, push e-mail alerts, SMS special incident advisory and a smart phone application for direct access to our dedicated travel risk management suite of information is available to you	Covered
Bail Bond FacilityProvides assistance in arranging a bail bond following your arrest for a bailable offence whilst overseas.Liberty Helpline: (+65) 6636 1131	Covered

 

 

 

Premium Payable

 

 

 

Sum Insured	Annual Premium
	Pilots and Flight Instructors	Air Traffic Controllers and Aircraft Maintenance Engineers
S$300,000	S$1,338	S$1,220
S$200,000	S$960	S$835
S$100,000	S$520	S$450

 

Premiums above inclusive of prevailing GST

 

Reduction in Benefit Payable after age 60

 

Age	Benefit Percentage
61	50%
62	45%
63	35%
64	30%
Age 65 onwards	Nil

 

Age: as at last birthday
Entry age: 18-55 years

 

 

Eligibility

 

You must be:

 

• An individual or group of Professional Pilots or Flight Instructors holding a valid Commercial Pilot license (CPL) or Airline Transport Pilot license (ATPL) issued by the Civil Aviation Authority of Singapore (CAAS)
• An individual or group of Air Traffic Control Officers holding a valid Air Traffic Controller license issued by the Civil Aviation Authority of Singapore (CAAS)
• An individual or group of Aircraft Maintenance Engineers holding a valid Aircraft Maintenance license issued by the Civil Aviation Authority of Singapore (CAAS)
• Between 18-55 years of age and not more than 55 years old at the policy commencement date of the first period of insurance
• Gainfully employed; and
• Actively at work

 

 

 

Exclusions

 

This Policy will not cover any loss, injury, illness or legal liability arising directly or indirectly from:

 

• Illegal or unlawful acts
• Intentional self-injury or attempted suicide
• Injury or illness arising wholly or partly due to the effects of alcohol or drugs
• HIV and related conditions
• Pregnancy or childbirth and related complications
• Participation in professional and/or competitive sports
• Pre-existing medical conditions unless approved by us
• Active duty with armed forces
• Subsequent change(s) in medical standards by CAAS which materially increase or extend our liability

 

 

 

About Liberty Insurance
Financial Strength ◊ Global Reach ◊ Accessibility

 

Liberty Insurance Pte Ltd is a general insurance company licensed by the Monetary Authority of Singapore (MAS), wholly owned by Liberty Mutual Insurance Group. Liberty Mutual is a diversified global insurer headquartered in Boston, USA, operating across five continents. It is the 3^rd largest property and casualty insurer in USA based on 2013 direct premiums.

 

 

 

Liberty Mutual Insurance Group Key Information (as at 31 December 2013):

 

• USD $121.2 Billion in assets
• 50,000 employees and 900 offices worldwide
• Standard & Poor’s : ‘A’ (Strong)
  A.M. Best               : ‘A’ (Excellent)
  Moody’s                 : ‘A2’ (Good)
• USD $38.5 billion in revenue
• 76^th on Fortune 500 list (based on 2013 revenue)

 

Liberty Insurance Pte Ltd – Singapore

 

Liberty Insurance wrote a gross written premium of S$157million in Year 2013 and is ranked 7^th largest insurer in the general insurance industry. Liberty Insurance has built a reputation for delivering on its promises, providing consistency in underwriting philosophy and being accessible at all times.

 

Our quality service is characterized by focusing on fairness, honestly, dignity, respect and dependability. We are committed to provide professional, competitive and efficient service to our policyholders.