Page 54 - Marine Insurance IC67 EBOOK
P. 54
* Sum Insured is linked to the income of the cover expenses incurred for medical treatment
insured and age of the insured and loss of revenue.
Mid term enhancement of Sum Insured Customer
It is not desirable to increase the CSI mid term of Pilots
the policy. However in the case of substantial
increase in salary the CSI can be increased 2. The Insurance Cover
subject to submission of
u Medical Certificate issued by DGCA Basic Coverage
u Medical assessment report of DGCA In the event of the person insured suffering
u TMT& Blood Sugar (PP) bodily injury or illness resulting at any time
u Declaration by insured that he does not have whether during or after the period of insurance
any knowledge of illness (but not beyond a period of five years after the
u Enhanced CSI should not be more than 25% expiry of this insurance) in his incapacity then
of the CSI in existing Policy the compensation as detailed below is
Rating/Pricing payable
The rate is charged on the Capital Sum Insured Types of Licence
All proposals should be referred to HO for approval ALTP : Airlines Transport Pilots Licence
of rates and terms.
CPL : Commercial
Age 18 to 40 yrs 41 to 45 yrs 46 to 50 yrs 51 to 56 yrs 57 to 60 yrs Pilots Licence
Pilots 1.00% 1.00% 1.50% 1.75% 2.00%
Exclusions
Excess/Deductibles l Death of the Insured Person
First 90 days as time excess from the date of l Any personal injury, illness, disease or
commencement of incapacity disability existing prior to the inception of the
4. Documents for Claims Settlement Policy
Claim form, Medical Reports, Discharge l Insured Person taking part in riots or civil
Certificate ,DGCA Certificate on incapacity to hold commotion
Licence, Certificate from the employer on the last l Intentional self injury, suicide, provoked
use of the Licence.
assault, dueling, fighting or venereal diseases
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l Deliberate exposure of the Insured Person to
Aviation loss of Licence (Individual)
exceptional danger
1. Introduction l Any personal injury, illness, disease or
disability giving rise to a claim under any
Product previous Permanent Total Disability
Operating pilots of aircraft are required to have
valid licence. In the event of the Licence being l Riding or Driving in any kind of race
suspended on medical grounds such as illness, l Chronic alcoholism
disease contracted or injury sustained during the
policy period, either temporarily or permanently, Conditions
the Loss of Licence provides for payment of l Disputes to be referred to Medical Referee
compensation in case of disability. The policy l Insured to authorize Company to seek
is not a general health insurance and does not
medical to ascertain whether or not an
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