Page 55 - Marine Insurance IC67 EBOOK

The Insurance Times

Table Type of Disablement Compensation
Table A Death (Within twelve months of date of accident) 100% of CSI
Table B
1 Death (Within twelve months of date of accident) 100% of CSI
2 Loss of sight of two eyes/two limbs/one eye, one limb/(Within 100% of CSI
twelve months of date of accident)
3 Loss of sight of two eyes/two limbs/one eye, one limb/(Within 100% of CSI
twelve months of date of accident)
4 Loss of sight of two eyes/two limbs/one eye ,one limb/(Within 100% of CSI
twelve months of date of accident)
5 Loss of sight of two eyes/two limbs/one eye ,one limb/(Within 100% of CSI
twelve months of date of accident
Table C Benefits as per Table B& Permanent Partial Disablement % of the CSI
Additional Expenses incurred for transportation of insured’s dead body 2.5% of the CSI or Rs 2500/-
Benefits whichever is low

incapacity in the age group of 18-65 years having valid
licence issued by DGCA and medically fit to
is presumed to prevent him to follow his hold the licence
occupation l The Policy should not be issued as a Stand
alone product and should be issued to clients
l Insured Person may ,if required have to who place their aviation business ie Hull All
submit to an independent medical or surgical Risk and PA(Aviation) insurance.
l All proposals should be referred to HO for
examination approval of rates and terms.

l Policy to cease if insured losses or Determination of sum insured/values to be
terminates his membership of any aircrew insured
* Sum Insured is linked to the income of the
Associations if the same has been obtained insured and age of the insured
through the offices of any such association.
Sr Age of Pilot Capital Sum Insured
l This insurance shall apply while the insured No
is anywhere in the world.
1 Up to 45 years 3.5 times of annual Income
l Insurer has the liberty to appeal against
suspension, restriction or loss of licence in 2 46 to 50 years 3 times of annual Income
the name of the insured and the insured shall
provide information and assistance for 3 51 to 55 years 2.5 times of annual Income
defence
4 56 to 57 years 2 times of annual Income
Extension
Nil 5 58 years and above 1 time of annual Income

Variants Mid term enhancement of Sum Insured
Aviation PA (crew) individual It is not desirable to increase the CSI mid term of
the policy. However in the case of substantial
2. Underwriting Guidelines increase in salary the CSI can be increased
l Proposals should be accepted only from pilots subject to submission of

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