Loss of Income Plan for UAE Pilots

Baymac has partnered with Clements Worldwide to provide world-class insurance solutions to its members. The Baymac Loss of Income Protection Plan, offered under reinsurance with Lloyd’s of London, is a comprehensive disability insurance plan specifically designed to meet the needs of professional pilots globally.

To service our members in the UAE, Clements Worldwide has partnered with Union Insurance who provides a comprehensive range of retail and commercial insurance products to clients in the UAE and the Middle East region.

The Disability cover which protects against a loss of income due to illness or injury rendering the individual incapable of performing his or her job functions, provides peace of mind for members and their families in the unlikely event they are temporarily or permanently unable to perform their duties.

Our plan incorporates many of the features of a conventional loss of license plan but removes the requirement of loss or suspension of your license or medical certificate. In addition the program offers pilots options for waiting periods and three levels of cover to tailor the policy to meet the financial needs and challenges they may face in the event that an illness or injury interrupts their ability to work.

Coverage options include Permanent Total Disability (PTD) which provides a lump sum payment in the event the pilot is unable to fly again and Temporary Total Disability (TTD) providing a monthly benefit where the pilot is temporarily unable to fly due to an illness or injury; or both.

Reinsured under a Lloyds of London cover holder through Clements Worldwide, this unique plan pays a maximum monthly benefit of USD 20,000 or 60% of gross salary including company benefits less any other insurance in force (whichever is less) for a temporary disability; or a lump sump benefit of USD 250,000 or five times your annual gross salary (whichever is less) if you are permanently disabled and unable to ever fly again.

Permanent Disability Coverage Highlights:

Lump sum payment of 5 times your gross annual salary or a maximum of USD 250,000 (whichever is lower)
No medical underwriting or medical tests required for eligible pilots.
Flexible payment options.*
Choice of waiting period based on your coverage needs.
Quick and easy online quoting available.
Simplified application process.

Temporary Disability Coverage Highlights:

Monthly benefit of up to 60% of your gross monthly salary from your own occupation or USD 20,000 (whichever is lower).
Benefits up to 5 years.
Flexible payment options.*
Choice of waiting period based on your coverage needs.
Quick and easy online quoting available.
Simplified application process.

Please note that Pre-Existing conditions are not covered. For information please contact us.

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