Your cover, your choose

The product designed specifically for commercial pilots.

What Is the Product?
The MBF Loss of Licence Product, Nominated Capital Benefit (NCB) provides financial support to commercial pilots (fixed and rotary) who can’t exercise the privileges of their licence due to failing to meet the CASA Class 1 Medical standards. This must be from an unexpected illness or injury covered by the MBF Rules during your cover period with MBF.

Is Loss of Licence Protection Right For You?
As a pilot your financial security may rely on your ability to maintain your Class 1 Medical Certificate. The MBF Loss of Licence Product can provide financial support in this event, however you should obtain your own financial advice to determine if the Product is right for you.

What This Covers
MBF’s Loss of Licence Cover will provide financial support, in the way of Benefits, if you lose your Class 1 Medical due to unexpected illness or injury.

Benefits You Can Receive

Monthly Benefit (temporary loss)	Up to $15,000/month Paid for up to 24 months Starts after 28-day waiting period + sick leave used
Capital Benefit (permanent loss)	Lump sum up to your chosen cover (max $1.2M) Reduced by any Monthly Benefits already paid Starts after 84-day waiting period
Trauma/Critical Illness Benefit	Up to $100,000 (or 10% of cover) No waiting period
Free Death Benefit	Starts at $150,000 Increases $10,000 per year (max $400,000) + Paid in addition to Capital Benefit Not just for accidental death

When You Can Claim

You may be eligible to claim if:

Your Class 1 Medical is suspended or cancelled permanently or temporarily, and
You cannot work as a pilot due to illness or injury

Key Conditions to Claiming

28-day waiting period for Monthly Benefit
84 days waiting period for Capital Benefit
Must notify MBF within 30 days
Must provide medical and financial evidence

What Can Reduce Your Benefit

Pre-existing medical conditions
Limited cover endorsements
Certain exclusions (e.g. substance abuse, self-inflicted injury)
Age-based reductions from age 50

Who Can Join
Anyone who:

Holds a commercial pilot licence
Holds a Class 1 Medical Certificate issued by CASA
Is under age 56
Is a Full AFAP Member
Earns principal income from commercial piloting

Key risks

Claims may not be accepted
Benefits may be reduced or limited
Contributions may change from year to year

Ready to understand your cover?

We have clear tools to help you see the level of protection available to you.