By signing the scheme, a member agrees to abide by the rules and regulations of the benevolent fund scheme, amended from time to time
The scheme commenced on 1st January 2019
All correspondence would mandatorily require the ALPA unique ID provided at the time of acceptance of the membership.
All premiums must reach ALPA India before the 5th of each month or as opted by the member (Annual, Half yearly, Quarterly).
ALPA India membership is ₹ 5000/- annually and must be paid by the 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 ₹ 72000/- per annum for Captains and First officers.
The premium may be paid monthly, 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 charges of ₹ 5,000/- annually and their cover would begin after completion of first full year payment of ₹ 72,000/-.
In the case of NO CLAIM, all premiums paid by a member will be returned to him/ her at the time 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.
Benevolent fund terminates under the following cases:
Members will be insured for ₹ 2.5 Cr from the time he/she pays up the first complete annual payment of ₹ 72,000/- presently.
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 happen post 2500 members.
Death is covered with no exclusions except suicide. Loss of License due to medical reasons will follow the 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.
In the case of NO CLAIM, all premiums paid by a member will be returned to him/ her at the time 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.
