ALPA Benevolent Fund
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.
This Benevolent fund scheme is completely voluntary with no compulsions on when a member can elect to join. The scheme being a benevolent scheme is independent of the number of insurance policies that you hold like FIP, LIC etc. Scheme is open to Indian to Indian national pilots serving in airlines and corporates only, irrespective of which country or Airline they work for.
Fund is managed by the Professional Aviators Trust with two members of ALPA being on the board.
By signing up for the scheme on our website, a member agrees to abide by all rules and regulations of the Benevolent fund scheme and ALPA India as are in force and amended for time to time.
All correspondence would mandatorily require the ALPA unique id provided to you at the time of acceptance of your membership.
All premiums must reach ALPA India before the 5th of the month.
The scheme has commenced on 01st Jan 2019.
The cover begins immediately on payment of the first annual premium.
ALPA India membership is Rs.5000/- annually and must be paid by 5th of Jan every year which includes Rs 3000/- which is paid to IFALPA as a member entity.
The premium for the Benevolent scheme is Rs. 72000/- per annum for Captains and First officers.
The premium may be paid quarterly, half yearly or annually as per your convenience however it must be indicated at the time of joining. Members opting for part payment would be charged a facilitation fee of Rs. 5000/- annually and their cover would begin after completion of Rs. 72,000/-.
In the Case of NO CLAIM, All premiums paid by a member will be returned to him/ her at the rime of leaving the scheme at the rate of 6% simple interest on the total amount subject to RBI rules prevalent from time to time and it is not computed annually.
A member may choose to leave the scheme at any time after completion of the 10th year or superannuation whichever is earlier.
The Benevolent scheme covers death and loss of license due medical as follows
1. Members will be insured for ₹ 2.5 Cr from the time he/she pays up the first complete annual -payment of (₹ 72,000/-) presently.
2. The sum insured to go up progressively with the increase in membership i.e., ₹ 3.0 Cr when membership touches 750 and ₹ 4.0 Cr when membership touches 1000. This would remain until the next revision which would be post 2500 members.
For members opting for part payment, the cover starts on first payment itself. However in case of any claims before completion of the year, the remaining payments for the complete year will be deducted before settling the claim.
Death is covered with no exclusions except suicide. Loss of License due medical reasons will follow the exact same format except in all cases, the compensation provided, shall at no time, exceed the total projected income of the subsequent years of service remaining of the said pilot.
All claims, complete in all respects, would be processed in 45 days from date of submission of claim to ALPA India office. Compensation paid would be one instalment in 14 days for a member claiming the 1st year, two equal monthly instalments for the member claiming in the 2nd year and three equal monthly instalments for a claimant in the 3rd year onwards.
In addition, the claim form must be signed by two members in good standing with ALPA India.
In case any fraudulent attempt to claim or certify a claim is made, ALPA India would immediately initiate termination of membership and reserves the right to proceed with criminal / civil legal action against the claimant/ certifier.
In case of any issues with completion of forms the office will be at your service to enable the process. Tax liability if any will be borne by the scheme and not the pilot.
All clarifications, issued by mail from the email@example.com to queries of members, with regard to the benevolent scheme would also become a part of certificate for legal purposes. Legal proceedings if any must be brought about within the jurisdiction of the High Court of Karnataka.
Benevolent fund terminates..
Death of a Member.
Loss of Licence due Medical Reasons.
all payments due to the member being paid.
Membership terminates automatically if premium Payment is not made within the
stipulated time plus grace period of one week.
All delayed payments will be charged Rs. 100/- per day.
Termination under the aforementioned clause would be immediately after the member receives his/ her third warning for non or delayed payment.
Premium due dates are 5th of the applicable month as per payment choice indicated to ALPA India.
ALPA Annual membership Fee of Rs. 5000/- is payable on 5th Jan every year. This is applicable for all members.
Facilitations charges of Rs. 5000/- is due on 5th Jan for those who have opted for part payment.
A terminated member is entitled to receive his entire premium paid to date WITHOUT any interest, after one year of date of termination.
Pilots with Pre-existing medical conditions are NOT excluded from the scheme, however, all pre-existing medical conditions that have led to a medical grounding must be notified to ALPA India at the time or registration. If a member gets medically grounded (TMU or PMU) during the course of ALPA Membership, it should be intimated to ALPA office from their registered e-mail id to firstname.lastname@example.org with a cc to email@example.com with all supporting documents.
Membership of the benevolent fund may be terminated by the member after completion of three years, by clearly indication via mail to ALPA India from his /her registered email id provided to ALPA India. If a membership terminated by the member him/herself the member would receive all premiums paid to date WITHOUT any interest. Any change of address, phone number and email ID must be conveyed to ALPA India immediately.