Indemnity Insurance

• If you are Involved in an accident or Incident resulting from your actions or omissions, anywhere in the world, that you require legal representation, then you are covered against any legal costs by an independent accredited lawyer. (Collective Agreement Section 17.3). Note: FANZP will provide an on scene support peer. 

Contractually we are automatically insured for the following:

• On duty personal accident insurance - cover for death or disablement that occurs during any duty carried out by the pilot as required by the Company. The sum payable is variable, the maximum being $250,000 with discretion to $350,000.
• Psychological disablement - this allows for full pay for a period of 12 months or until cessation of the condition, whichever is the lesser.
• Loss of effects - $5,000 per claim.
• Insurance cover in warlike circumstances - $44,100
• Internment - full pay for a period of up to two years, with the ability to continue past two years at the Companies discretion.
• Off duty personal accident insurance - up to $125,000.
  

These insurance are automatic, they are a benefit of the FANZP contract and require no further application or payment. Full details of these insurances, their cover and requirements are laid out in the FANZP contract.


For more information follow this link to the Air New Zealand Website - Korunet Home Page; Teams-Pilots-Admin Online-Federation Pilots-Employment Benefit Brochure

Loss of License (LOL)

This insurance provides a sum of 5 times your gross basic salary up to a maximum of $600,000 for the loss of your aircrew medical. Depending on the Aviation Medical Examiner decision this will be paid in either a lump sum for a permanent loss of your medical, or in monthly payments where rehabilitation may result in the return of your licence.

Levels of cover are the same as NZALPAs Mutual Benefit Fund.

What are the policy benefits?

• Capital Benefit is:

– Basic Capital Benefit

– Total Capital Benefit

– Top Up Capital Benefit of up to 5x your gross salary to a maximum of $600,000

• Disability Benefit Equal to 90% of your Net Earnings less other disability income

Note: Capital Benefit change annually. There are two components to the LoL, namely the Basic Capital Benefit and the Top-up Benefit.

For more information follow this link to the Air New Zealand Website - Korunet Home Page; Teams-Pilots-Admin Online-Federation Pilots-Employment Benefit Brochure

Professional Insurance Fund (PIF)

The PIF is set up to help fund Life and Income Continuance insurances.

The Company provides an initial sum per member to the fund that provides an initial level of cover. The member then has the ability to increase that cover as they wish.

FANZP currently uses Willis Insurance Brokers to arrange our Life and Income Continuance insurances. By working through a broker as a group we are able to facilitate levels of cover not ordinarily available to an individual.

Life Insurance.

Basic Life cover of $200,000 is provided to the member to age 45 after which it reduces by $10,000 per annum. The member can increase this cover with Willis advising of any medical requirements and the premium costs involved. Currently this cover is provided through Sovereign Insurance.

Income Continuance.

Income Continuance allows for 50% of your notional salary to be paid for a period of two years at not cost to the member. This can be increased by the member to a maximum of 75% capped at $240,000. This is currently an AXA/AMP policy.


For more information follow this link to the Air New Zealand Website - Korunet Home Page; Teams-Pilots-Admin Online-Federation Pilots-Employment Benefit Brochure

 

15.5 Sick Leave

15.5.1
A pilot who has completed 12 months service and who is absent from duty by reason of sickness not caused by his own action or neglect shall, upon production of a satisfactory medical certificate (or upon certification on request by the Company's medical adviser) be entitled to remain on the appropriate rate of annual salary specified in Section 13 for the duration of such sickness or for three calendar months (whichever is the shorter period). 

15.5.2
Should any such sickness extend beyond three calendar months the pilot shall thereafter continue on Sick leave without pay, except that a pilot who has completed 15 years service with the Company shall be entitled to receive 80% of the appropriate rate of annual salary specified in Section 13 for the duration of such sickness or for the succeeding three calendar months (which ever is the shorter period). 

15.5.3
A pilot who has not yet completed 12 months service and who is absent from duty by reason of sickness, not caused by his own action or neglect, shall upon production of satisfactory medical evidence be entitled to remain on the appropriate salary specified in Section 13 (i.e. the 100% point) for the duration of such sickness or for one calendar month (whichever is the shorter period) and shall continue thereafter on Sick leave without pay. 

For more information follow this link to the Air New Zealand Website - Korunet Home Page; Teams-Pilots-Admin Online-Federation Pilots-Employment Benefit Brochure