DPA Insurance

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=110 BGCOLOR="#666699" TEXT="#080000" bgproperties="fixed" background="04a00840erlcjm.png"> <div> <B>Dragonair Pilot's Association</B><FONT SIZE="1" COLOR="#FFFFCC" FACE="Arial" ><B>     |    </B></FONT><FONT SIZE="2" COLOR="#FFFFCC" FACE="Arial" ><A HREF="index.htm" TARGET="_top" TITLE="Dragonair Pilots Association"><U><B>HOME</B></U></A></FONT></div> <bR> <div> <B>If your personal details change please print out </B><FONT SIZE="2" COLOR="#00FF66" FACE="Arial" ><A HREF="id34.htm" TARGET="_top" TITLE="Dependant form"><U><B>Beneficiary Form</B></U></A></FONT><B> and send  to DPA (mailbox 98) </B></div> </td> </tr><tr> <td valign="top" width=190 BGCOLOR="#CCCCFF" TEXT="#080000" background="04411c00egdysm.png"> <div> <B>This page is dedicated to insurance matters.</B></div> <bR> <div> <A HREF="id33_m.htm#company_insurances" TARGET="TRLX_Middle" TITLE="DPA Insurance "><U><B>Company Insurances</B></U></A></div> <div> <A HREF="id33_m.htm#dpa_member_insurnaces" TARGET="TRLX_Middle" TITLE="DPA Insurance "><U><B>DPA Member Insurnaces</B></U></A></div> <div> <A HREF="id34.htm" TARGET="_top" TITLE="Dependant form"><U><B>Beneficiary Form</B></U></A></div> <div> <A HREF="id33_m.htm#update_1" TARGET="TRLX_Middle" TITLE="DPA Insurance "><U><B>Insurance update 1</B></U></A></div> <div> <A HREF="id33_m.htm#update_2" TARGET="TRLX_Middle" TITLE="DPA Insurance "><U><B>Insurance update 2</B></U></A><B>  </B></div> </td> <td valign="top" height=370 BGCOLOR="#FFFFFF" TEXT="#080000"> <bR> <div> <B>Dragonair Pilots Association</B></div> <div> <B>Insurances</B><B> <A NAME="insurances"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> <bR> <bR> <div> <B>Dragonair Pilots Association - Insurance Information</B></div> <bR> <div> <B>Company Insurance.</B><B> <A NAME="company_insurances"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> <bR> <div> The `Conditions of Service' (COS) provide insurance for which Dragonair and their insurer are responsible.  Policy details are available from the Dragonair Personnel Department.</div> <bR> <div> <B>Loss of Licence (LOL) Insurance.</B></div> <bR> <div> Provides both Temporary and Permanent LOL coverage.</div> <bR> <div> Temporary LOL coverage provides for a monthly payout equal to 2% of the sum insured.</div> <div> For HKG based crew members this is approximately HKD $60,000 per month.</div> <bR> <div> Permanent LOL payment will be paid in the case of permanent incapacity or death.</div> <div> For HKG based crew members this is approximately HKD $3,000,000.  Any Temporary LOL payments previously made for the same illness will be deducted.</div> <bR> <div> You may voluntarily increase this coverage, for details contact the Dragonair Personnel Department.</div> <bR> <bR> <div> <B>Personal Accident Insurance.</B></div> <bR> <div> For details contact the Dragonair Personnel Department.</div> <bR> <bR> <div> <B>Medical Insurance.</B></div> <bR> <div> Provided by HSBC for Hong Kong based Crew Members.</div> <div> This policy is barely adequate and is not transportable on leaving Dragonair.</div> <bR> <div> Manchester based Crew Members are covered by BUPA Gold.</div> <bR> <bR> <bR> <bR> <div> <B>DPA Member Benefits</B><B> <A NAME="dpa_member_insurnaces"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> <bR> <bR> <div> The DPA has Group Insurance Coverage provided by TopCover and Underwritten by AIG Limited as detailed below.</div> <bR> <bR> <div> <B>1.     Income protection Insurance</B></div> <bR> <div> All members up to their 55<FONT SIZE="1" COLOR="#000000" FACE="Arial" >th</FONT> birthday are covered under the DPA group policy.  In the event of a claim individual members receive USD $2,500 per month for five (5) years.</div> <bR> <div> Members can obtain Additional Voluntary Coverage up to USD $15,000 per month or 75% of individuals' actual monthly income, (salary plus allowances).  Once again this cover is for a five (5) year benefit period.</div> <bR> <div> The cover is effective after a 180 day waiting period.</div> <bR> <div> N.B.     The DPA is the policy holder.</div> <div> It is important all members complete a `<FONT SIZE="3" COLOR="#3333CC" FACE="Arial" ><A HREF="http://members.fortunecity.com/dpilots/dpa/id34.htm" TARGET="_top" TITLE="http://members.fortunecity.com/dpilots/d"><U><U>Nomination of Beneficiary</U></U></A></FONT>' form to ensure that you and/or your chosen beneficiaries are paid correctly.</div> <div> The DPA, <U>not</U> the insurer, keeps a record of these in the event of a claim.</div> <bR> <bR> <div> <B>2.     Personal Accident Insurance </B></div> <bR> <div> All DPA members are automatically covered for USD $100,000.</div> <bR> <div> Additional Voluntary Coverage can be taken for the DPA Member, Spouse and a Family Rate.  Current maximum Additional Benefits are:</div> <div> Member     USD $400,000</div> <div> Spouse     USD $250,000</div> <div> Family Rate     USD $250,000 for Spouse & USD $50,000 per Child.</div> <bR> <div> This is a comprehensive policy with very few exclusions.</div> <bR> <bR> <div> <B>3.     Group Critical Illness</B></div> <bR> <div> DPA members are covered for a one-off cash payment of USD $10,000.</div> <bR> <div> Additional Voluntary coverage can be taken by the DPA Member.  Maximum Additional Benefit is USD $70,000.</div> <bR> <bR> <div> Insurance policy coverage is from 01 March to 28/29 February each year.</div> <div> All Additional Voluntary Coverage is open for application twice each year, normally March and September of each year. </div> <bR> <div> For further information DPA members can contact the AIG Customer Service Hotline (852) 2832-6747 or email <FONT SIZE="3" COLOR="#3333CC" FACE="Arial" ><A HREF="mailto:aiuhk@aig.com" TARGET="_top" TITLE="mailto:aiuhk@aig.com"><U><U>aiuhk@aig.com</U></U></A></FONT><FONT SIZE="3" COLOR="#FF0033" FACE="Arial" >.</FONT></div> <div> <FONT SIZE="3" COLOR="#000000" FACE="Arial" >The TopCover website is </FONT><U>www.topcoverdirect.co.uk" </U><A HREF="http://" TARGET="_top" TITLE="http://"><U><U>www.topcoverdirect.co.uk</U></U></A></div> <bR> <div> Legal Protection Insurance </div> <bR> <div> The DPA Legal Protection Insurance has expired.</div> <div> Aircrew Legal Protection Limited (ALPL), our previous insurers, now only insures UK Residents.</div> <div> There is <U>NO</U> Legal Protection Insurance provided by the DPA<I>.</I></div> <bR> <bR> <div> Term Life Insurance, Home Owners, Contents, Travel Insurance, Domestic Helper</div> <bR> <div> AIG, the underwriter of TopCover offer a 15% discount for most of there other Insurance products.  Contact AIU Customer Service Hotline (852) 2832-6747 or email <FONT SIZE="3" COLOR="#3333CC" FACE="Arial" ><A HREF="mailto:aiuhk@aig.com" TARGET="_top" TITLE="mailto:aiuhk@aig.com"><U><U>aiuhk@aig.com</U></U></A></FONT><FONT SIZE="3" COLOR="#FF0033" FACE="Arial" >.</FONT></div> <bR> <bR> <div>  Legal Insurance</div> <bR> <div> All members have a free one (1) hour consultation with Robertsons the DPA solicitors.</div> <bR> <div> Contact details are:</div> <bR> <div> Robertsons</div> <div> 57th Floor, The Center, No. 99 Queen's Road Central, Hong Kong.</div> <div> Tel: 2868 2866   Fax: 2868 5820</div> <div> <FONT SIZE="3" COLOR="#000000" FACE="Arial" >E-mail:  </FONT><A HREF="mailto:info@robertsonshk.com" TARGET="_top" TITLE="mailto:info@robertsonshk.com"><U><U>info@robertsonshk.com</U></U></A><FONT SIZE="3" COLOR="#000000" FACE="Arial" >  Website:  </FONT><U>www.robertsonshk.com" </U><A HREF="http://" TARGET="_top" TITLE="http://"><U><U>www.robertsonshk.com</U></U></A></div> <bR> <bR> <div> The DPAC seeks to provide members the most appropriate and comprehensive insurance at the most competitive rates.</div> <div> The `Conditions of  Service' provide insurance for which Dragonair and their insurer are responsible. </div> <bR> <div> Loss of Licence Insurance provides for both temporary and permanent loss of licence coverage.  </div> <div> Temporary LOL coverage provides a monthly payout of 2% of lump sum benefit (around $3,000,000 HKD).   </div> <div> Permanent LOL payment (minus what you have already been paid out) will be paid in the case of permanent incapacity.  </div> <div> You may top up this figure through the personnel department.</div> <bR> <div> The company also provides Personal Accident Insurance.</div> <bR> <div> Medical Insurance is also provided through HSBC Medical Coverage.</div> <bR> <div> While these insurances are generally adequate, the problem is that achieving temporary or permanent loss of licence can take some time after the company ceases to pay you, and it does not provide for long term illness or incapacity.</div> <bR> <bR> <bR> <bR> <div> <B><U>DPA Insurance Update 1</U></B><B><U> <A NAME="update_1"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></U></B></div> <DIV ALIGN="LEFT"></DIV> <div> 12 Feb 2004.</div> <bR> <bR> <div> The DPA provided Top Cover Insurance and voluntary `Additional Benefits' (if selected) are up for renewal with effect 01 March 2004.</div> <bR> <div> The good news is that the DPAC have been successful in securing and providing all DPA members with the same dollar value of coverage for the next 24 months as was enjoyed in the past 12 months.  Income Protection Insurance premiums have been guaranteed for 24 months and monthly payment of these premiums via Credit Card is now available.  Included free of charge for all DPA and immediate Family members is `Second Opinion' - a fully <U>INDEPENDENT</U> facility which provides expert medical opinion both for diagnosis and treatment.  Full details of this facility will be provided to members in due course.</div> <bR> <div> The premium rates for Personal Accident and Critical Illness remain unchanged.  Unfortunately the Premium Rates and Benefit period for the Income Protection Insurance have changed and not in our favour!</div> <bR> <div> The DPAC have investigated numerous Income Protection Insurance options, both with our existing insurers and with other insurers.  The reality is that since 9/11 a large number of insurers and re-insurers have withdrawn or been forced from the Income Protection market.</div> <bR> <div> In deciding what option to select the DPAC uncovered various statistics regarding claim periods for Pilot disabilities.  Using data from various sources, including one study of Pilot disabilities over a 9 year period and covering 1107 cases, the following was revealed.</div> <bR> <DIV ALIGN="LEFT"></DIV> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="262" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=BOTTOM BGCOLOR=#C0C0C0 HEIGHT= 39 WIDTH="77"><div> <B>Age Group</B></div> </tD> <tD VALIGN=BOTTOM BGCOLOR=#C0C0C0 WIDTH="17"><div>  </div> </tD> <tD VALIGN=BOTTOM BGCOLOR=#C0C0C0><NOBR><div> <B>Average duration</B></div> <div> <B>of disability. (Years)</B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=BOTTOM COLSPAN=3 HEIGHT= 19 WIDTH="248"><div>  </div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 19 WIDTH="77"><div> 20-29</div> </tD> <tD VALIGN=BOTTOM ROWSPAN=4 WIDTH="17"><div>  </div> </tD> <tD VALIGN=BOTTOM WIDTH="148"><div> 2.2</div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 19 WIDTH="77"><div> 30-39</div> </tD> <tD VALIGN=BOTTOM WIDTH="148"><div> 2.9</div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 19 WIDTH="77"><div> 40-49</div> </tD> <tD VALIGN=BOTTOM WIDTH="148"><div> 3.0</div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 19 WIDTH="77"><div> 50-59</div> </tD> <tD VALIGN=BOTTOM WIDTH="148"><div> 2.0</div> </tD> </tR> </TABLE></div> <bR> <div> In another individual airline survey the statistics covering a recent six year period were:</div> <bR> <div> 40% of pilots who commenced actual claim payments subsequently returned to work.</div> <div> 10% of pilots who commenced claim payments have subsequently died.</div> <div> 32% of claimants are still receiving benefit. The average claim period if they run to expiry is 5.2 years.</div> <div> 18% of claims are pending - either still in waiting period or still on salary beyond the waiting period.</div> <div> The overall average claim period, including paid out claims of those who returned to work, is 2.96 years.</div> <bR> <div> <B>From all sources of research, the average length of disability is consistently stated to be 3.2 years.  </B></div> <bR> <div> With these statistics in mind and given the current state of the Insurance market the DPAC have elected to accept a five (5) year Benefit period for Income Protection Insurance.</div> <div> The new Premium Rates (USD) are:</div> <bR> <DIV ALIGN="LEFT"></DIV> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="372" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP BGCOLOR=#D8D8D8 HEIGHT= 41 ><NOBR><div> Age next Birthday.</div> </NOBR></tD> <tD VALIGN=TOP BGCOLOR=#D8D8D8><NOBR><div> <B>Annual Premium Rate</B></div> <div> <B>per $1000 of </B><B><U>Monthly</U></B><B> Benefit.</B></div> </NOBR></tD> </tR> </TABLE></div> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="372" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="129"><div> Up to 25</div> </tD> <tD VALIGN=TOP WIDTH="228"><div> 107.06</div> </tD> </tR> </TABLE></div> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="372" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="129"><div> 26 to 30</div> </tD> <tD VALIGN=TOP WIDTH="228"><div> 109.98</div> </tD> </tR> </TABLE></div> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="372" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="129"><div> 31 to 35</div> </tD> <tD VALIGN=TOP WIDTH="228"><div> 124.74</div> </tD> </tR> </TABLE></div> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="372" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="129"><div> 36 to 40</div> </tD> <tD VALIGN=TOP WIDTH="228"><div> 141.05</div> </tD> </tR> </TABLE></div> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="372" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="129"><div> 41 to 45</div> </tD> <tD VALIGN=TOP WIDTH="228"><div> 208.32</div> </tD> </tR> </TABLE></div> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="372" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="129"><div> 46 to 50</div> </tD> <tD VALIGN=TOP WIDTH="228"><div> 273.52</div> </tD> </tR> </TABLE></div> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="372" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="129"><div> 51 to 55</div> </tD> <tD VALIGN=TOP WIDTH="228"><div> 231.98</div> </tD> </tR> </TABLE></div> <bR> <bR> <div> All DPA members are automatically covered for the following benefits:</div> <bR> <div> Income Protection Insurance:     USD$2,500 per month for a Maximum Benefit period of five (5) years.</div> <div> Personal Accident Insurance:     USD$100,000. (Lump Sum).</div> <div> Critical Illness Insurance:     USD$10,000. (Lump Sum).</div> <bR> <bR> <div> Pilots who already have `Additional Benefits' coverage will receive there Renewal Notices within one week.  </div> <bR> <div> If you wish to apply for `Additional Benefits' coverage or have any Insurance related questions please contact the AIG Customer Service Centre.</div> <bR> <div> Hotline:     <B>(852) 2832-6747</B>.  Hours of operation:  Monday to Friday, 08:30-12:45 & 14:00-17:15.</div> <div> Email:     <FONT SIZE="3" COLOR="#0000FF" FACE="Arial" ><A HREF="mailto:aiuhk@aig.com" TARGET="_top" TITLE="mailto:aiuhk@aig.com"><U><U>aiuhk@aig.com</U></U></A></FONT></div> <bR> <DIV ALIGN="LEFT"></DIV> <div> <B>The period of coverage for all Insurance is 01 March 2004 to 28 February 2005.</B></div> <div> <B>Renewals and new `Additional Benefits' applications will be accepted up to 31 March 2004.</B></div> <bR> <div> <B>Any Renewal received by AIG after 31 March 2004 will be treated as a new application.</B></div> <div> <B>Any new applications received after 31 March 2004 will be returned.</B></div> <div> <B>The next period for application will be 01-30 September 2004.</B></div> <bR> <div> Whilst the Income Protection premium increase and reduction of Benefit period are less than ideal the level of cover and rates are still very competitive within the current market.  A considerable amount of time and effort has been put into making this package as appropriate as possible; please take some time to consider it.  In addition to the Insurance listed above AIG offer most other types of domestic and personal Insurance (Travel, Home Contents, Domestic Helper, etc).  If you require information on these Insurances contact AIG directly via there Hotline or email. </div> <bR> <bR> <div> <I><B>LEGAL PROTECTION INSURANCE</B></I><I>.</I> </div> <div> <I>The DPA's Legal protection Insurance has expired.</I> </div> <div> <I>Aircrew Legal Protection Limited (ALPL), our previous insurers, now only insure UK Residents.</I> </div> <div> <I>There is NO Legal Protection Insurance provided by the DPA</I>. </div> <bR> <div> Regards,</div> <bR> <div> Ian McCarroll</div> <div> DPA Insurance Rep</div> <div> Email:     <FONT SIZE="3" COLOR="#0000FF" FACE="Arial" ><A HREF="mailto:venividivici@netvigator.com" TARGET="_top" TITLE="mailto:venividivici@netvigator.com"><U><U>venividivici@netvigator.com</U></U></A></FONT>     Phone:     9328-4090</div> <bR> <bR> <bR> <bR> <bR> <div> <U>DPA Insurance Update #2/2004</U><U> <A NAME="update_2"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></U></div> <DIV ALIGN="LEFT"></DIV> <div> 24 Feb 2004</div> <div> ‘Over 55’ Insurance Coverage.</div> <div> DPA Group cover and all Additional Voluntary Top-up cover expire on a Members 55th birthday.</div> <bR> <div> Any Member wishing to continue Income Protection Insurance coverage after attaining age 55 should contact AIU Customer Service Centre ASAP after their 54<FONT SIZE="1" COLOR="#000000" FACE="Arial" >th</FONT> birthday. Failure to do so will exclude the Member from ‘Over 55’ coverage.</div> <bR> <div> To continue with Voluntary Income Protection coverage Members <U>must</U> have fulfilled the following criteria:</div> <div> 1. Fully Financial Members of the DPA for the previous 12 months (Members prior to their 54<FONT SIZE="1" COLOR="#000000" FACE="Arial" >th</FONT> birthday),</div> <div> 2. Remain a Fully Financial Member of the DPA for the cover to be valid.</div> <div> 3. Current clients of AIU</div> <div> The rates for Income Protection coverage will be the same as the Income Protection 51 to 55 Age bracket. Current rate is USD $231.98 per $1,000 of Income Protection Insurance. Benefit period is for 5 years or the attainment of 60 years of age, whichever occurs first. The Waiting Period remains at 180 days.</div> <div> Provision has been made for those current Members who do not meet, or will not meet in the next 12 months, the criteria laid out above.</div> <div> Any Members who find themselves in this category (aged 54+ at 01 March 2004) and who are interested in Income Protection Insurance coverage please contact the DPAC Insurance representative ASAP. </div> <div> N.B. No application will be accepted if it is submitted to AIU after 31 March 2004.</div> <div> DPAC Insurance Rep.</div> <div> Captain Ian McCarroll</div> <div> Mobile (852) 9328-4090</div> <div> Email <FONT SIZE="3" COLOR="#0000FF" FACE="Arial" ><U>venividivici@netvigator.com</U></FONT></div> <div> AIU Customer Service Centre</div> <div> Hotline (852) 2832-6747</div> <div> Email <FONT SIZE="3" COLOR="#0000FF" FACE="Arial" ><U>aiuhk@aig.com</U></FONT><FONT SIZE="3" COLOR="#FF00FF" FACE="Arial" >.</FONT></div> <bR> <bR> </td> </tr></table></body>