Award Accidental Death Cover
We provide an insurance policy to meet the requirements of the Air Pilots Award 2020, section 22.11(a) as follows:
"An employer will provide each of their pilots with accident insurance for a death benefit of not less than $82,591 for employees engaged in aerial application operations and $297,328 for all other pilots over and above any entitlement available under accident compensation legislation".
The policy will provide a lump sum benefit of $282,291 or $78,414 on death caused from flying or otherwise. The cover is provided 24 hours a day, worldwide.
The policy can be structured as Superannuation Life Insurance so that the employer receives a tax deduction on the premium.
The insurance is guaranteed renewable, that is each year it is renewed automatically on payment.
The Super Life Insurance does not attract fringe benefits tax.