Insurances
As a financial member of NZALPA (not available with associate membership), you have access to purchase professional insurances that gives you financial security and peace of mind. If you get sick or some other event occurs during work or leisure time, the burden of being off work with no income will be drastically reduced. You have the option to get cover for the cost of health care as well and the worry of managing cost is minimised during a stressful time. In association with third parties, NZALPA is able to offer our members three exclusive insurance schemes that are currently some of the best available to aviation professionals.
The plans include:
Group Life Insurance - GLI provides death cover
Group Disability Insurance - GDI provides income protection cover in the event you cannot work due to illness
Mutual Benefit Fund - financial members of NZALPA can apply for one of two Mutual Benefit Funds available. There is a separate fund for pilots and air traffic controllers. The fund provides financial support in the event that you lose your medical certificate.
Group Life Insurance
The Group Life scheme is perhaps the most inexpensive death cover available to pilots. The scheme can cover you and your spouse against death from $50,000 to $1,000,000. Note: if the requested cover amount for any year exceeds $150,000, a medical declaration needs to be completed.
Please log in to your account to view application information. This is available by clicking here and clicking on the "NZALPA Documents" tab on your member panel.
Group Disability Insurance
The Group Disability Insurance scheme has been set up to provide income protection should illness result in the loss of your medical certificate for an extended period that results in an inability to work. Members can choose the level of cover required (within certain parameters) and the length of their qualifying period (either 30, 45, 90,180, or 365 days). This scheme is designed to align with the sick leave provisions in your Collective Employment Agreement.
The premium is then calculated based on the benefit level, qualifying period and the age of the member. The benefit is paid at the end of your qualifying period until you get your medical certificate restored or until you reach the maximum payment period of 24 months.
Please log in to your account to view application information. This is available by clicking here and clicking on the "NZALPA Documents" tab on your member panel.
Pilots Mutual Benefit Fund
www.pilotsmbf.org.nz
Benefits include:
• Disability payments
• Capital payment
• Death payment
In the event of sickness resulting in the suspension or cancellation of your medical certificate, the Mutual Benefit Fund will give you financial assistance and encouragement to regain your certificate so you may continue your flying or air traffic control career. There are two Mutual Benefit Funds available for to all current financial NZALPA members; one for pilots, the other for air traffic controllers.
The funds are independent from NZALPA, and are administered by Trustees from the legal and accounting professions who meet on a regular basis. If you are a pilot aged 19-51, or an air traffic controller aged 21 – 45, you can apply to join the MBF by phone, fax or email. You will be sent an application form to complete.
MBF Benefits
Disability payments - In the event of disability or sickness resulting in the loss of your medical certificate, you may receive a monthly payment from your capital benefit entitlement.
Capital payment - For pilots with permanent loss of their medical certificate, a capital benefit of up to 4 times their gross annual salary may be payable. For Air Traffic Controllers with permanent loss of their medical certificate, a capital benefit of up to 4 times their gross annual salary may be payable.
Death payment - A capital benefit entitlement may be paid out if death occurs while in receipt of disability payments.
NOTE: The above are a few of the key points of the funds. Detailed rules are contained in a rulebook that will be sent to you on joining either of the funds.
Contact the Mutual Benefit Fund today:
Tel: 0800 745623 Fax: 04 9390898
Pilots Fund: Email the Pilots' MBF
Air Traffic Controllers Fund: Email the ATC MBF