ALPA Benevolent Fund - old
Benevolent Fund Scheme of ALPA INDIA
These details are only indicative and exact wording and terms will be as per the certificate document issued ALPA. The following is given for broad understanding of members.
Scheme is open to members of ALPA India only.
At the heart of our commitment lies our benevolent scheme, designed exclusively for Indian national pilots, which includes any Airlines and corporates flying in India or abroad on fixed wing or rotary wing.
Our updated benevolent scheme, PMU/Death/TMU/TG/GMC 3.0, provides comprehensive coverage and support for Indian pilots throughout their careers.
From coverage for instances of Death, PMU, TMU, and Temporary Grounding (TG), to an extended age limit of 65 years, we ensure that our member pilots have the safety net they deserve with guaranteed money back policy.
Key Highlights of Our Benevolent Scheme:
Our updated benevolent scheme, PMU/Death/TMU/TG/GMC 3.0, offers comprehensive coverage and benefits tailored to the needs of Indian national pilots. Here's a snapshot of what we offer:
Introducing Our Enhanced Benevolent Scheme:
1. Inclusive Coverage: Open to all Indian national pilots serving in airlines and corporates, regardless of their employer or country, up to age 65.
2. Comprehensive Protection: Covers instances of Death, PMU, TMU, and Temporary Grounding (TG) for reasons other than medicals.
3. Affordable Premium: Annual premium is Rs 1,20,000 yearly or Rs 10,000 Monthly FIXED.
4. New Additions: Introducing Temporary Grounding TG covering TMU, incidents/accidents, and post-flight BA miss (First instance Only)
5. Benevolent Cover :
· PMU/Death : 2 Crores
· TMU/TG : 1.65 Lakhs/month up to a maximum of 6 months with potential coverage augmentation with an increase in members.
· Cover during unemployment
6. Family Health Insurance: GMC coverage and premium offer the best rates in the market.
7. Refund Policy: Benevolent premium at the rate of Rs 72,000 per year would be refunded with a 6% simple interest rate upon retirement at 65 years of age or if opted to exit after 10 years.
8. Immediate Coverage: NO cooling-off period
9. Flexibility: With a rise in membership, coverage may be augmented